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@LandedGentry@lemmy.zip points out that the OP is mistaken.
Removing tax on overtime and tips are included in the bill.
https://www.cbsnews.com/amp/news/trump-tax-cuts-overtime-social-security-senior-deduction/
But they’re pulling the same bullshit as last time. Permanent for businesses, temporary for us.
It’s a bad bill but this guy is wrong. Removing tax on overtime and tips are included in the bill.
https://www.cbsnews.com/amp/news/trump-tax-cuts-overtime-social-security-senior-deduction/
But they’re pulling the same bullshit as last time. Permanent for businesses, temporary for us.
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.
Full time in the US is 40h though so 160h every 4 weeks is full time work and any overtime would put you above 160h over 4 weeks... Outside of that then sure your employer should pay you overtime on a weekly basis and not over 4 weeks, but if it's only about taxes then whatever, it doesn't make sense to not pay taxes on it anyway.
Right, but they can abuse you for short stints of time. Compare that to something like the laws when I worked in California. Anything over 8 hours in a day was overtime, anything over 12 hours in a day was double time, and anything over 40 hours in a week was overtime. This means if they overwork you even in just one day, you're getting paid extra. With something being worded 160h in 4 weeks they can overwork you for a big event and then give you a bunch of time off and never have to pay you extra.
“Give you time off”, like just not scheduling you do you don’t get paid. Abuse for real!!
No, it's avoiding paying overtime for when they had you work overtime... Here, I'll be even more explicit for you. Imagine your company has an event and has you work 60 hours one week, but then only gives you 20 hours the next week. You worked 20 hours of overtime in the first week, but they then avoided paying you overtime by giving you less time the second week. Do you not see how averaging out the time over a longer period is in the interest of the company and not the worker?
Thanks, I edited the title and body!
I have no moral character and I must fall for it again
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.
I'm worried that there's an additional layer of meaning here that is too deep for me.
The leopards are going to become morbidly obese from this round of eating. Someone had better get them a bunch of "fat shots", stat.
Oh, they don't believe in getting shots.
I believe in their getting shot.
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?
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.
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.
Not a meme
There, I commented it for you this time.
Annoying pedants hot and ready in your area!