Trump just announced a No Tax on Overtime Pay policy!
🏆 - WINNING - 🏆
Wow!
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (57)
sorted by:
OT puts you in a higher tax bracket, so you pay more taxes on the whole regular 40 hrs. Those CONgressman are really sneaky.
No it doesn’t. That’s not how tax brackets work.
Yes it does, it increases your income. This can throw you into a higher tax bracket where you pay a higher percentage on all your taxable income.
Your marginal tax rate, perhaps, but your full income does not get taxed at the top level.
No, you only pay the higher income tax on the income earned above the next bracket threshold