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465

President Trump announces a new plan to eliminate all taxes on OVERTIME pay.

"The people who work overtime are among the hardest working citizens in our country -- When you pass 40 hours a week, your overtime hours will be tax free."

>President Trump announces a new plan to eliminate all taxes on OVERTIME pay. >"The people who work overtime are among the hardest working citizens in our country -- When you pass 40 hours a week, your overtime hours will be tax free."

(post is archived)

[–] • 10 pts

I'd much prefer he eliminate taxes. Many people don't know that the United States didn't have an income tax until 1913. Cohencidently, that also happened to be when the federal reserve act came into existance.

[–] • 4 pts

This. With all our manufacturing done overseas, tariffs alone would cover the loss. Make them pay BEFORE the goods come ashore and the costs CAN'T be passed onto the buyer.

[–] • 1 pt

Even though there's plenty of evidence that the 16th amendment wasn't properly ratified, there isn't a chance in hell that it will be repealed.

[–] • 3 pts

A tax penalty if you work a reasonable number of hours a week?

[–] • 0 pt

Trump's goal is to revitalize/incentivize the workforce. Extra tax penalty for working 40hrs or less wouldn't do that.

I remember the day I discovered working a couple of hours of OT per week put me in a higher tax bracket and I took home only a couple of extra dollars for those last 2 hours. Trump's plan would eliminate that discouraging feature. Oh the extra money I could have made in my early years with Trump's tax plan!

[–] • 2 pts

Any normal hours are still taxed. That means if you're not working yourself to death, if you're not neglecting family and friends, each dollar you earn is taxed more heavily than those who slave away.

[–] • 2 pts

Guess us salary exempt folk get fucked in the ass then.

[–] • 0 pt

Like when I was still working in my career, working 50-60hr weeks and getting paid for 40. I guess in a way you could say they didn't take taxes out of my OT either because I didn't get paid OT.

[–] • 0 pt

I'm confused. were you salary bc, fuck that. I learned once the clock hits 8 hrs, I go the fuck home.

[–] • 1 pt

I was a go get'em employee. I had my regular product responsibilities and then there were special projects. The regular daily grind stuff took most of the average day and special projects commenced after that. I LOVED working on special projects, pushing the bleeding edge of technology, developing solutions that saved the company millions and other smaller projects.

To answer your question, I saw 31 layoffs at our facility in my 25 years of semiconductor engineering, but I was never laid off. I always thought being a go-getter helped to keep me employed. The Director of Engineering used to tell me I was an [engineering] animal. They loved the stuff I came up with. They were pissed when I quit.

[–] • 0 pt

You're already getting fucked in the ass if you're salary. Status quo doesn't change lol.

[–] • 0 pt

Engineer. It's hard to not get salary. It has it's ups and downs with it I'll admit but it's just like, man I'd love to make more money by working more but there are bonuses to look forward to but that should only translate to how much extra I should have been working. If that makes sense.

[–] • 0 pt

Yea I'm glad that if I have to work more than 40 I get overtime. Anything over 8 is time and a half. Saturdays are time and a half. Sundays are double. Anything over 10 is double. Time and a half is $135 double is $190. I prefer not working overtime though. Rather spend time with my family.

[–] [deleted] • 1 pt

I get a minimum of 8 hours OT per check. I'd work another day or two per check if this happens.

[–] • 1 pt

Oh come on Trump, get rid of payroll and income taxes you coward.