• mjsaberEnglish
      30·
      1 day ago

      Does it classify overtime as “more than 160 hours worked in a 4 week period”, because that’s the original language I saw. Can still work you to death and not pay extra.

      • LandedGentry@lemmy.zipEnglish
        1·
        12 hours ago

        No doubt the devil is in the details but overtime and tips are certainly addressed in the bill in some capacity.

    • inclementimmigrant@lemmy.worldEnglish
      11·
      1 day ago

      From newsweek

      The tax exemption for overtime pay, if enacted, would only apply to income taxes, and not payroll taxes, and would be subject to income restrictions. A work-eligible Social Security number would be required to claim the deduction.

      So I’m very interest to see what the “restrictions” are.

    • ksigley@lemm.eeEnglish
      34·
      1 day ago

      These memes are getting out of control and yet still fail to accurately portray just how ridiculously inept these people really are.

      This one is pretty good though.

  • ThePowerOfGeek@lemmy.worldEnglish
    39·
    1 day ago

    The leopards are going to become morbidly obese from this round of eating. Someone had better get them a bunch of “fat shots”, stat.

  • sugarfoot00@lemmy.caEnglish
    10·
    1 day ago

    I’d be asking my employer to cut my pay to 0 and simply ‘tip’ me the same gross amount every month.

  • kn0wmad1c@programming.devEnglish
    6·
    1 day ago

    I never understood how he could even promise to exempt overtime from taxes. Tips, I understand, but overtime is lumped in with your wages on your W2.

    How would the IRS be able to tell your overtime wages apart from your regular pay?

    • humanspiral@lemmy.caEnglish
      6·
      1 day ago

      There is a lot of room for abuse. Old salary $20/hour. New salary $8 + $12 overtime. For every “real hour” worked, you get 1 hour of “standy overtime pay”. Employer still gets to deduct $20/hour expense, you get taxed on just $8/hour pay? Or maybe it is $16/hour, with $4/hour tax free. This scheme can replace a raise. Employees could get screwed if the “overtime gift” gets cancelled later.

      • Goldmage263@sh.itjust.worksEnglish
        5·
        24 hours ago

        Which is baked into the tax plan. 3 years and the OT tax break goes away. 3 years for companies to skimp on actually raising pay to meet living costs. Then they’ll just blame the Dems if they win any seats or stay quiet if they retain majorities.

    • moody@lemmings.worldEnglish
      5·
      1 day ago

      Your employer would declare it as such when they do payroll.

      My pay slips have a separate line for regular pay and overtime pay at a different rate.

      • kn0wmad1c@programming.devEnglish
        8·
        1 day ago

        The IRS doesn’t care about your paystubs (unless you’re being audited). They only care about the W2, and there isn’t a box for “overtime wage” on it. It’s all lumped into the same box

    • JasonDJ@lemmy.zipEnglish
      3·
      1 day ago

      This is what I don’t understand…taxes are on net income. IRS treats a dollar from overtime the same as it treats a dollar from wages.

      People see a higher percentage taken out on paychecks because their payment processor is dumb and it assumes that your wages this week will be representative of all weeks for the remainder of the year, in which case you haven’t been paying enough taxes so far this year, so it’s trying to make it up.