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Started By
Message
re: BBB-No Tax on Overtime
Posted on 7/4/25 at 10:58 am to Mingo Was His NameO
Posted on 7/4/25 at 10:58 am to Mingo Was His NameO
quote:
I hope all these people enjoy their welfare. This is bullshite political pandering and bad tax policy
Giving tax breaks to the people who actually pay taxes is welfare? Call me a welfare king then buddy.
0
Posted on 7/4/25 at 10:58 am to Mingo Was His NameO
It certainly was used, by both sides, to win Nevada. That being said, is it bad tax policy for people to keep more money in their pockets? We all know it is going to be spent
Posted on 7/4/25 at 11:01 am to jmarto1
quote:
That being said, is it bad tax policy for people to keep more money in their pockets?
Picking and choosing which earners (aka being discriminatory) is bad tax policy. Just increases the standard deduction or give ALL earners in certain income brackets a deduction.
Posted on 7/4/25 at 12:26 pm to Mingo Was His NameO
quote:
Picking and choosing which earners (aka being discriminatory) is bad tax policy.
Incentivising more people to join the trades seems like a good thing. America is going to struggle finding the employees needed to build the data centers, small modular nuclear reactors and other power plants for the AI boom, and all of the defense projects currently planned. Slowing down immigration makes it even more difficult.
Posted on 7/4/25 at 12:37 pm to Mingo Was His NameO
quote:
I hope all these people enjoy their welfare.
How is it welfare if they worked overtime and earned the money? Then had it stolen by the government.
Welfare is money handed to people for sitting on their asses mooching off of the taxpayers. This costs you and other fellow tax payers zilch.
This post was edited on 7/4/25 at 12:39 pm
Posted on 7/4/25 at 12:45 pm to SaDaTayMoses
Let's say i make over the phase out limit through my business. If I put my wife on the payroll at 40k and pay her some on top as OT (she actually does work for my business), she would just be entitled to the 12.5k exemption, correct?
Posted on 7/4/25 at 12:49 pm to TheOcean
$25,000 if filing jointly with threshold @ $300,000
$12,500 if filing single with threshold @ $160,000
as I understand it.
What I don't understand is does the 44 hours of OT that we always get considered regular normal pay, or will the tax deduction be on "unscheduled" OT after the 44 hours.
$12,500 if filing single with threshold @ $160,000
as I understand it.
What I don't understand is does the 44 hours of OT that we always get considered regular normal pay, or will the tax deduction be on "unscheduled" OT after the 44 hours.
This post was edited on 7/4/25 at 12:52 pm
Posted on 7/4/25 at 12:54 pm to SaDaTayMoses
So would be better to have her file separately then 
Posted on 7/4/25 at 3:22 pm to Yeti_Chaser
frickers shutting down all the loopholes 
Posted on 7/5/25 at 10:03 am to SaDaTayMoses
quote:
What I don't understand is does the 44 hours of OT that we always get considered regular normal pay, or will the tax deduction be on "unscheduled" OT after the 44 hours.
Wondering the same thing here. I'm betting it comes down to how employers code it. Just guessing, but I bet scheduled OT will not count and unscheduled OT will. Sucks that we won't actually be seeing any change in our paychecks either way.
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