Zone1 What Would The Math Come Out To Be For No Taxes On Overtime ?

[Monk-Eye]

" What Would The Math Come Out To Be For No Taxes On Overtime ? "

* Advantages And Disadvantages Of Shuffling The Money *

Would getting paid overtime at time and a half without taxes end up being an advantage for employees , or employers , or both ?

Would wage rates be decreased and employees end up working longer without an advantage from no taxes on overtime ?

Would wage rates remain the same and employees end up working the same with an advantage from no taxes on overtime ?

Would wage rates be increased and employees end up working the same with an advantage from no taxes on overtime ?

Or would some other scenario apply ?

* Employer Sucking It Up When Able *

Not taxes on tips is easily solved by leaving cash , as when one adds tips to dining bills on credit cards not only is the waiter / waitress taxed but the establishment takes a cut , though some employers expect a cut on cash tips and that they be reported ; so why not also mandate that the establishment does not get a cut ?

 

[rightwinger]

so why not also mandate that the establishment does not get a cut ?

The establishment is already getting their cut by paying a substandard wage to servers and putting the burden on patrons

 

[Dr.Destructo]

As someone who only survives by working OT hours off my extremely substandard "wage", I can tell you I can look for at least an extra $100.00 off my overtime hours.

Then again.......all these corrupt/Woke/Commie loving companies in America will just CUT overtime altogether.

Trump giveth, and the evil companies taketh away.

 

[ReinyDays]

The first answer is it's NEVER a good idea for employers to pay overtime ... that's just bad planning and the employers deserves to lose money ...

Regular pay and overtime is already tax deductible for the employer ... only the employee pays ... aka "withholding taxes" ... any new tax scheme will have no effect on employer's business earnings, not one red cent ...

If you don't see this promise as a blatant lie ... then you don't deserve the wages you do get ...

 

[initforme]

The first answer is it's NEVER a good idea for employers to pay overtime ... that's just bad planning and the employers deserves to lose money ...

Regular pay and overtime is already tax deductible for the employer ... only the employee pays ... aka "withholding taxes" ... any new tax scheme will have no effect on employer's business earnings, not one red cent ...

If you don't see this promise as a blatant lie ... then you don't deserve the wages you do get ...

Overtime wages should be higher than they are, not cut. If you're not going to pay me I don't have to work.

 

[elektra]

The first answer is it's NEVER a good idea for employers to pay overtime ... that's just bad planning and the employers deserves to lose money ...

Regular pay and overtime is already tax deductible for the employer ... only the employee pays ... aka "withholding taxes" ... any new tax scheme will have no effect on employer's business earnings, not one red cent ...

If you don't see this promise as a blatant lie ... then you don't deserve the wages you do get ...

Says the you who claimed Biden did not have dementia and Kamala was a good choice.

 

[initforme]

How do employers lose money paying overtime? If they need workers to work extra those extra hours are entitled to increased pay. The workers aren't there to sacrifice for the good of the company.

 

[ReinyDays]

How do employers lose money paying overtime? If they need workers to work extra those extra hours are entitled to increased pay. The workers aren't there to sacrifice for the good of the company.

I have 24 hours worth of work at $20/hr ...

1] I hire three guys, work each of them for 8 hours ... $160 each and it's all straight time ... total tax deducible cost = $480 ...

2] I hire two guys, work each of them 12 hours ... $160 each for the first 8 hours, then $120 each for 4 hours overtime ... total tax deductible cost = $560 ...

3] I hire one guy and work the son-of-a-bitch 24 consecutive hours ... $160 for the first 8 hours ... $480 overtime ... total = $640 ...

4] Hire you slobs for $7.50/hr ... then skip out on paying ...

=====

I can see why y'all make piss for wages ... maybe improve your math skills ... sheesh ...

 

[debbiedowner]

" What Would The Math Come Out To Be For No Taxes On Overtime ? "

* Advantages And Disadvantages Of Shuffling The Money *

Would getting paid overtime at time and a half without taxes end up being an advantage for employees , or employers , or both ?

Would wage rates be decreased and employees end up working longer without an advantage from no taxes on overtime ?

Would wage rates remain the same and employees end up working the same with an advantage from no taxes on overtime ?

Would wage rates be increased and employees end up working the same with an advantage from no taxes on overtime ?

Or would some other scenario apply ?

* Employer Sucking It Up When Able *

Not taxes on tips is easily solved by leaving cash , as when one adds tips to dining bills on credit cards not only is the waiter / waitress taxed but the establishment takes a cut , though some employers expect a cut on cash tips and that they be reported ; so why not also mandate that the establishment does not get a cut ?

No one knows what the math would be until such happens. But you better believe if tips and ot is not taxed it will deplete social security and Medicare years earlier than projected.

 

[initforme]

I have 24 hours worth of work at $20/hr ...

1] I hire three guys, work each of them for 8 hours ... $160 each and it's all straight time ... total tax deducible cost = $480 ...

2] I hire two guys, work each of them 12 hours ... $160 each for the first 8 hours, then $120 each for 4 hours overtime ... total tax deductible cost = $560 ...

3] I hire one guy and work the son-of-a-bitch 24 consecutive hours ... $160 for the first 8 hours ... $480 overtime ... total = $640 ...

4] Hire you slobs for $7.50/hr ... then skip out on paying ...

=====

I can see why y'all make piss for wages ... maybe improve your math skills ... sheesh ...

#4 is what a ton of places do

 

[Captain Caveman]

" What Would The Math Come Out To Be For No Taxes On Overtime ? "

* Advantages And Disadvantages Of Shuffling The Money *

Would getting paid overtime at time and a half without taxes end up being an advantage for employees , or employers , or both ?

Would wage rates be decreased and employees end up working longer without an advantage from no taxes on overtime ?

Would wage rates remain the same and employees end up working the same with an advantage from no taxes on overtime ?

Would wage rates be increased and employees end up working the same with an advantage from no taxes on overtime ?

Or would some other scenario apply ?

* Employer Sucking It Up When Able *

Not taxes on tips is easily solved by leaving cash , as when one adds tips to dining bills on credit cards not only is the waiter / waitress taxed but the establishment takes a cut , though some employers expect a cut on cash tips and that they be reported ; so why not also mandate that the establishment does not get a cut ?

Just put all of your employes on 1 minute contracts, then they won't lose any tax because everything worked over that will all be classed as overtime.

 

[ReinyDays]

#4 is what a ton of places do

I've worked many jobs where overtime and unemployment benefits were built into the contract bid ... so it's real clear in my mind where the Company profits in these matters ...

Public schools need big huge construction crews to come in first day of Summer Vacation ... at union scale ... and then be laid off first day of school the following Fall ...

Comicus at Unemployment Office -- YouTube 2'03" ...

 

[justoffal]

The establishment is already getting their cut by paying a substandard wage to servers and putting the burden on patrons

You can say that again...

 

[elektra]

No taxes on overtime will put an extra $500 in my pocket every month!

 

[justoffal]

No taxes on overtime will put an extra $500 in my pocket every month!

It would also inadvertently increase your social security contribution I believe.