Overtime should be tax free

[RedneckStumpy]

If you are giving up family time to bring home extra money to support your family, why should that be taxed?

Roads, education etc should be paid for by those who use the service. That would mean toll roads instead of road tax.

Goodbye roads to rural areas.

Is that OK with you?

How would you charge children for using schools ?

What happens when the government runs out of oil to sell and no one wants to buy any guns OP? How do you raise money to run your country then?

Op.
Are you saying you think only the super rich should have children? I think I've read somewhere it costs about £250k to raise a child, including school.
Only rich people to get cancer? Tell God.

Why should others pay for your family’s education and healthcare?

If we all just paid for ourselves, very very few people would be net contributors!

• I meant by your logic, not by mine!

Totally agree.
When I do overtime it pops me in the 40% tax bracket so it’s not worth me doing it. I just take the time off somewhere else instead

I've had the opportunity to do some over time. However, I've not been paid on time for any of it, despite chasing up pay roll and HR. This means that many in my team are now reluctant to do OT and it means we run constantly short staffed. Did some in Aug, hope to be paid end Nov.

It would just lead to people being contracted for 2 hours a week and doing 38 hours' "overtime". Employers would then be able to cancel the "overtime" whenever it suited them, leaving workers vulnerable.

hi Redneck waves

is overtime taxed differently in the US?

I refused to do overtime the last two years - with advance warning to my boss - on busy periods. I'm not near on the higher rate of tax but when I balanced out the extra pay, loss of time caring for mum, and travel to and from work, I just thought, nah. I don't earn a lot though which probably makes a difference.

Womaningreen
No it isn’t, paycheck deductions are
Federal tax 5%
State tax 5%
Social Security 3%
Medicare 3%

ROFL, I wish it actually was that simple to calculate paycheck deductions, and that I really could just ignore tax brackets, number of people in the family, deductions, whether you're filing singly or as head of household, and the whole other 146 pages of my tax return.

And oh to be paying 5% federal tax...

Selling arms

My overtime this weekend will be taken as time off in lieu as my salary is put into 40% bracket.

Annoyingly I can't add variable pension contributions.

Good luck making criminals pay for the prison service

paycheck deductions are
Federal tax 5%
State tax 5%
Social Security 3%
Medicare 3%

Wow! So 16% in total? Less than our (UK) basic tax rate. Then a typical person might have community charge (flat rate based loosely on property ownership, not income based), National Insurance (which builds your entitlement to state pension) at 12% and student loan repayment at 9%, and a higher rate tax payer would be paying 40% on income above the threshold.

16% tax and you're whining? Bloody hell, you don't know you're born, Redneck.

To slightly defend redneckstumpy
Some US taxes are cliff edge rather than increment
AND
her taxes do not cover healthcare or maternity pay
BUT
get a life love

Is Medicare not health care?

Wow! So 16% in total? Less than our (UK) basic tax rate. Then a typical person might have community charge (flat rate based loosely on property ownership, not income based), National Insurance (which builds your entitlement to state pension) at 12% and student loan repayment at 9%, and a higher rate tax payer would be paying 40% on income above the threshold.

As someone who moved from the UK to the US, I'm paying just as much in taxes here as I was in the UK - it's just going out in different ways.

Everyone pays in the end - there's no such thing as a free lunch.

I am a U.K. To US person too. We pay less than we would in the U.K. Certainly not 16%. For this year I estimate, including health insurance etc, we will pay about 29%. In previous years we have paid as much as 45%.

Wait till you start looking at college fees :-)

I’ve never had a job that had paid overtime, let alone tax free! Regularly worked 2-3 hours a day more than my contracted hours. Same for DH.

I never do paid overtime because I value my time more than the money. I take TOIL instead, and when that's not possible, because there's no time to take the TOIL, I just don't do it.

Colleagues have caught on to the fact that losing 32% of their overtime renders it less than rewarding and "There's no tax on TOIL" has become a bit of a mantra at work. Last time there was a need for overtime and TOIL wasn't feasible (we were carrying a lot of vacancies), we got offered time and half, which made it a lot more attractive.