Taxes On Overtime, Tips, And Social Security

[Lineandinitial]

Are they black?

That’s so 2022.
You get more mileage with a pic of some dirty faced Mexican kids.

Maybe a mix to be on the safe side.

 

[Brownsocks]

That's an interesting take. Make everything imported more expensive with tariffs then charge us a consumption tax on top of that.

The tariff would be a big part of that tax. End the income tax!!

 

[vantexan]

The tariff would be a big part of that tax. End the income tax!!

If it can be done then by all means do it.

 

[nWo]

 

[UnionStrong]

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Sounds like more democrat lies.

 

[DriveInDriѵeOut]

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Hopefully true, it was a massive waste of money.
There's plenty of ways to file for free.
What's your issue with this exactly?

 

[Brownsocks]

Hopefully true, it was a massive waste of money.
There's plenty of ways to file for free.
What's your issue with this exactly?

Exactly. We have dividends and stock sales, but the people that need the break probably don't have to worry about that I know H&R Block has free basic filing.

 

[UnionStrong]

Exactly. We have dividends and stock sales, but the people that need the break probably don't have to worry about that I know H&R Block has free basic filing.

Just another hysterical democrat talking point. Getting old.

 

[Wally]

Why should their be no taxes due on extra hours worked weekly beyond 40? Does not make sense to me.

 

[Thebrownblob]

Why should there be no taxes due on extra hours worked in a week beyond 40? Does not make sense to me.

Why should there be federal tax on income at all? Doesn’t make sense to me.

 

[Wally]

Why should there be federal tax on income at all? Doesn’t make sense to me.

Two entirely different issues.

I do not see this tax free overtime thing going anywhere. Are Democrats for this? That hate high earners.

 

[Thebrownblob]

Two entirely different issues.

I do not see this tax free overtime thing going anywhere. Are Democrats for this? That hate high earners.

I don’t I don’t believe they’re different issues at all. There’s all kinds of different tax rates even for something like a bonus And I don’t believe the Democrats are For and I’m not even certain they need their votes. The discussion of getting rid of taxes for overtime and tips has spured the discussion of getting rid of the federal tax income payroll altogether..

The federal payroll income tax is burdensome and kills peoples desire to be more productive because why work more hours when they’re just going to take it in taxes? Getting rid of it would be a boon to productivity.

 

[Wally]

I don’t I don’t believe they’re different issues at all. There’s all kinds of different tax rates even for something like a bonus And I don’t believe the Democrats are For and I’m not even certain they need their votes. The discussion of getting rid of taxes for overtime and tips as spur the discussion of getting rid of the federal tax altogether..

Only about 8 percent of hourly workers collect regular FSLA-qualified overtime.

 

[Thebrownblob]

Only about 8 percent of hourly workers collect regular FSLA-qualified overtime.

Yep, doesn’t look like Supervisor will be enjoying any tax-free overtime lol.
Like I said, the idea behind stopping tax on overtime has spurred the bigger issue to me. I don’t really care about the tax on overtime. Seems like it would be complicated to even enforce.

 

[oldngray]

Yep, doesn’t look like Supervisor will be enjoying any tax-free overtime lol.
Like I said, the idea behind stopping tax on overtime has spurred the bigger issue to me. I don’t really care about the tax on overtime. Seems like it would be complicated to even enforce.

The salaried employees that don't get overtime will be against it.

 

[Thebrownblob]

The salaried employees that don't get overtime will be against it.

No doubt

 

[Thebrownblob]

The salaried employees that don't get overtime will be against it.

Maybe no tax on tips, overtime and no tax on bonuses?

 

[nWo]

Every CEO and corporate dip will claim 40 hours worked and 120 hours OT every week.

 

[Thebrownblob]

Every CEO and corporate dip will claim 40 hours worked and 120 hours OT every week.

They would definitely pull some shenanigans for sure I agree.

 

[Wally]

Yep, doesn’t look like Supervisor will be enjoying any tax-free overtime lol.
Like I said, the idea behind stopping tax on overtime has spurred the bigger issue to me. I don’t really care about the tax on overtime. Seems like it would be complicated to even enforce.

I'm all for a flat tax. Makes total sense to me. The problem with it is politicians view tax rates as a tool for their own power.

They would definitely pull some shenanigans for sure I agree.

Anyone in business would be a fool not to restructure so you become an hourly employee. No always possible though if you go by FLSA rules.