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No tax on overtime
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<blockquote data-quote="Thebrownblob" data-source="post: 6118641" data-attributes="member: 60485"><p>[URL unfurl="true"]https://www.newsweek.com/trump-no-tax-overtime-bill-republicans-2068933[/URL]</p><p></p><p></p><p>“Under proposed legislation the break for overtime pay would start phasing out once individual adjusted gross income reaches $100,000 or when a married couple’s income reaches $200,000. At the 22% marginal tax rate that applies to many taxpayers in this range, a deduction for $20,000 in overtime pay would save $4,400 in taxes.”</p></blockquote><p></p>
[QUOTE="Thebrownblob, post: 6118641, member: 60485"] [URL unfurl="true"]https://www.newsweek.com/trump-no-tax-overtime-bill-republicans-2068933[/URL] “Under proposed legislation the break for overtime pay would start phasing out once individual adjusted gross income reaches $100,000 or when a married couple’s income reaches $200,000. At the 22% marginal tax rate that applies to many taxpayers in this range, a deduction for $20,000 in overtime pay would save $4,400 in taxes.” [/QUOTE]
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