2024 Presidential Race

[McDad]

It is not a great idea. Salaried employees don't get paid overtime. As you said, it is just another example of political pandering that will never get enacted.

are you against people keeping more of their income?

 

[McDad]

I think OT should be taxed as if it was the normal hourly amount.

like you work 4 hrs of OT at 1.5x, you are taxed for 4hrs of 1x.

same thing for bonuses. flat normal rate

not sure about commissions. not sure how, or if, they are treated differently. but I think whatever your commission is is your income.

*assuming income is to be taxed*

Sometimes we get so caught up in the big picture, we lose sight of the incremental improvements.

 

[hog88]

Because I am in favor of reducing / eliminating taxes on income.
I also want to see 2nd jobs and sidehustles not taxed.

I thought there was something else besides simple desire to eliminate the income tax.

 

[OrangeTsar]

No need to run ads to the audience that is against dudes playing in girls sports.

And I would guess that the audience viewing college football is 75/25% conservative. I think the population of VN clearly reflects this.

 

[Orangeburst]

property tax is on the ballot in ND..

 

[McDad]

I thought there was something else besides simple desire to eliminate the income tax.

Nope. Just looking for any opportunity for a wage earner to experience the increase in pay once taxes are not a factor.

I also believe offloading OT from fed taxes will be a boon to our economy.

 

[McDad]

property tax is on the ballot in ND..

They have a state prop tax?

 

[Orangeburst]

They have a state prop tax?

think it is a state constitutional thing

 

[McDad]

think it is a state constitutional thing

Good for ND. Even if it doesn't pass it helps keep the office controlling the tax rate in check.

 

[Orangeburst]

Good for ND. Even if it doesn't pass it helps keep the office controlling the tax rate in check.

North Dakota Initiated Measure 4, Prohibit Taxes on Assessed Value of Real Property Initiative (2024)

Ballotpedia: The Encyclopedia of American Politics

ballotpedia.org

 

[Vol423]

are you against people keeping more of their income?

It's inflationary. Do you think the salaried employees that don't get paid overtime and are currently making slightly more than those hourly employees aren't going to demand raises so they are getting paid more on a net pay basis than those hourly employees who aren't being taxed on overtime?

 

[hog88]

Nope. Just looking for any opportunity for a wage earner to experience the increase in pay once taxes are not a factor.

I also believe offloading OT from fed taxes will be a boon to our economy.

I think eliminating all income taxes period would be a boon to the economy.

 

[Orangeburst]

Good for ND. Even if it doesn't pass it helps keep the office controlling the tax rate in check.

i just googled it and there wasa list of ballots by states dealing with taxes, and this was conspicuously missing..weird..they wouldnt want that trend to go nationwide.

 

[McDad]

It's inflationary. Do you think the salaried employees that don't get paid overtime and are currently making slightly more than those hourly employees aren't going to demand raises so they are getting paid more on a net pay basis than those hourly employees who aren't being taxed on overtime?

Can we discuss separate from fairness to salaried employees? Which I am happy to discuss after.

 

[hog88]

It's inflationary. Do you think the salaried employees that don't get paid overtime and are currently making slightly more than those hourly employees aren't going to demand raises so they are getting paid more on a net pay basis than those hourly employees who aren't being taxed on overtime?

Depends on their individual situations.

 

[BreatheUT]

Good post, and I too am very interested in the media reaction, particularly with a Trump win. The news media only has about a 30 percent approval rating at the moment.

That high huh?

 

[Vol423]

Can we discuss separate from fairness to salaried employees? Which I am happy to discuss after.

I honestly don't think there is a legitimate way to separate it. Work is work. Pay for one type of work shouldn't be exempted from income tax while other forms of pay for work are taxed.

I've said it before, and I'll say it again: the government should not be creating tax deductions, tax exemptions and tax credits that favor one group over another. Eliminate all of them, and lower the stated tax rates.

 

[RavinDave]

I am surprised with the auto unions..the Big 3 will be lucky to survive the artificial push for the Green agenda and hemoraghing of dollars. imo.

If Harris gets in there it WILL be a bloodbath for US automakers. Chinese made EVs and Tesla will be the new Ford and GM.

 

[McDad]

I honestly don't think there is a legitimate way to separate it. Work is work. Pay for one type of work shouldn't be exempted from income tax while other forms of pay for work are taxed.

I've said it before, and I'll say it again: the government should not creating tax deductions, tax exemptions and tax credits that favor one group over another. Eliminate all of them, and lower the stated tax rates.

Ok. You're not getting what you want, ie eliminate all deducts, exempts, and credits.
Does that mean wage earners should not have a chance to be taxed less?

 

[norrislakevol]

That high huh?

Yeah....that 30 percent clearly have their heads in the clouds.

 

[Buddy’s Bandit]

Carville’s air apparent

 

[Vol423]

Ok. You're not getting what you want, ie eliminate all deducts, exempts, and credits.
Does that mean wage earners should not have a chance to be taxed less?

I don't think it will ever be an issue because it will never pass. However, I am against it because it would be discriminatory and the end result of it would be inflationary. I am for lowering all tax rates, which would decrease taxes for everyone without favoring one group over another.

 

[BernardKingGOAT]

are you against people keeping more of their income?

I'm curious. Why in the world would you think you could buy a trust as you suggested the other evening?

 

[Vol423]

I'm curious. Why in the world would you think you could buy a trust as you suggested the other evening?

I could be wrong, but I interpreted his posts as showing an interest in buying your investment properties, not your trust.

 

[BernardKingGOAT]

I could be wrong, but I interpreted his posts as showing an interest in buying your investment properties, not your trust.

Yes, that's why I asked. I was watching MNF simultaneously, with a glass or 4 of wine while responding and just reread it. Nice of you to comment. Thanks