Nick87
Well-known member
Thats a good position to be in. But laffin at folks who use OT to pay there bills?
No tax on overtime question
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SAJ-99
Well-known member
I’m not sure what that was about, so I can’t comment. But when the response is “Sorry you choose the job you did” you can see that the topic was created to be divisive.
Nick87
Well-known member
I said that?
X13
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Even less. Sounds like most OT isn't considered "eligible" due to union contracts and the like, so no portion of it is deductible at all. At the end of the day, not life changing money, but would've been nice.
SAJ-99
Well-known member
No. Just pointing to the trend with this convo. If you get it you deserve it for being a hard working American. If you don’t get it, too bad, I guess.
Nick87
Well-known member
I wish everybody got it . I don't make the rules.
BuzzH
Well-known member
Yes, laffin'...because people that work overtime are getting it broke off in their ass. They're doing the work of a second person and getting 50% of what that second person would be getting paid...and with typically no other benefit than the wage (no additional pay for benefits like health insurance, 401 contribution, etc.).
IMO, an employee working OT hours should get double time and a half, twice the earned PTO/sick leave, twice the company contribution to 401's, health insurance and all benefits of a second employee.
If not that, then hire another employee because I'm not a sucker.
Finally, if you're relying on OT to pay the bills, you're doing it wrong, again, IMO.
Nick87
Well-known member
Not everyone works 40 hours per week year round. Some use OT to offset other time they have off. Next time your power goes out shuffle down to the lineman truck at 1 am and tell him what a dumbfuck he is for being there.. I guess.
Nick87
Well-known member
If you are working year round 40 hours a week. Then I'd tend to agree you should never use that OT for your main living expenses.
mevertsen
Well-known member
You do realize that's what buzz does to take his hunting time off right?
He banks his comp time to take paid time off during hunting season.
As far as no tax on overtime.
I'm for simple return.
No deductions, no credits, no kickback, no buying votes,
Just a simple tax on gross, graduated up at a similar rate that it is now. Every dollar is taxed at the front, and no refunds at the end.
Get rid of over half the IRS examiners.
rogerthat
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You’re just lucky to have a job. Watch a holocaust movie if you’re feeling sorry for yourself. It will brighten your outlook
Nick87
Well-known member
Yes and thats great. Some people dont have that option. Actually most don't. Are you laffin at them too?
mevertsen
Well-known member
Nope. Just couldnt help but notice the irony in the statement.
One person mad because one person banks their time to get paid at a later time.
Where the person complaining banks the money at the front to use at a later time.
Its different sides of the same quarter.
25 cents is 25 cents regardless of what side happens to be facing up.
Edit. And comp time is usually accrued at 1.5, just like overtime is usually paid at 1.5.
cgasner1
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I wasn’t gonna bring up your still working ot to bank that pto instead of having the company hire another guy and pay all the benefits
Nick87
Well-known member
Im not mad at all. Quite the opposite I wish I could turn my OT in for paid time off. Id never take an ounce of OT on my check if that were the case either. But maybe this weekend when I take the kids out for dinner when the same 70 year old waitress brings are food as every weekend. Instead of leaving here a 30 to 40%. Maybe I should laff in her face and tell her what a sucker she is for being there on a saturday and not getting double time and a half.
mevertsen
Well-known member
And most people wont tell the company to FOAD, hire someone else.
Because the companies and governments know they have people by the balls, and its cheaper to pay OT, then it is to hire a new person with benefits.
Because, like buzz pointed out, they don't pay extra PTO, health care premium, other benefits, etc for OT worked or accrued.
Nick87
Well-known member
Have you ever picked up OT shifts?
mevertsen
Well-known member
Yes, and I got screwed a lot for it until that got fixed.
And I had the ability to flex time.
And I didnt have to worry about it.
I paid my bills with my base, and if I was getting called put all the time, and didnt have another emergency, I stayed home. My time, health and family was more important than getting a few extra hours of OT.
mevertsen
Well-known member
As to the old lady at the café?
Same problem my parents, my wife's parents and a lot of people in that generation are faced with.
They sucked (and still suck) at money management.
Got roped into believing SS was a full retirement, and didnt put money away for retirement like they should have when working earlier in life.
The situation sucks, but we shouldn't have to work an OT, to be able to give a bigger tip to help someone out.
(as compared to generously giving as one wishes, but not feeling obligated to do so because an old person is still working, tipping excessively isn't the place to do that, IMO).
Same problem my parents, my wife's parents and a lot of people in that generation are faced with.
They sucked (and still suck) at money management.
Got roped into believing SS was a full retirement, and didnt put money away for retirement like they should have when working earlier in life.
The situation sucks, but we shouldn't have to work an OT, to be able to give a bigger tip to help someone out.
(as compared to generously giving as one wishes, but not feeling obligated to do so because an old person is still working, tipping excessively isn't the place to do that, IMO).
