Trump ending overtime pay

#1
MOOOOONEY

MOOOOONEY

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#1
It looks trump wants to end overtime pay.

He is proposing no taxes on overtime.

I have watched some TikTok videos and read some online comments that if this is enacted that it will force companies to stop overtime for employees.

I had some hopes that Trump would enact some policies to help the working and middle class but ending taxes on OT pay will cripple these classes.
 
#3
#3
MOOOOONEY said:
It looks trump wants to end overtime pay.

He is proposing no taxes on overtime.

I have watched some TikTok videos and read some online comments that if this is enacted that it will force companies to stop overtime for employees.

I had some hopes that Trump would enact some policies to help the working and middle class but ending taxes on OT pay will cripple these classes.
Click to expand...
taxfoundation.org

Trump’s Proposed Overtime Tax Exemption Would Distort Work Decisions

Exempting overtime would unnecessarily complicate the tax code, increase compliance and administrative costs, and reduce neutrality by favoring certain work arrangements over others.
taxfoundation.org taxfoundation.org
 
#7
#7
volfanhill said:
The only thing I can think of would be employers offering lower base pay and "promising" overtime. But the market would work that bs out
Click to expand...
Why would they do that? I need someone to explain to me why the government not taking a cut of your earnings will A) cause companies to lower base pay, and B) not paying overtime. The money they shell out is unaffected in any way.
 
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#8
#8
volfanhill said:
The only thing I can think of would be employers offering lower base pay and "promising" overtime. But the market would work that bs out
Click to expand...

Why would they even do that? I mean it shouldn’t affect what the employer pays out regardless. There might be some things to iron out as far as when overtime kicks in as well as some companies offer more than time and a half in certain instances. Salary folks may cry about it but oh well.
 
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#11
#11
C-south said:
Why would they even do that? I mean it shouldn’t affect what the employer pays out regardless. There might be some things to iron out as far as when overtime kicks in as well as some companies offer more than time and a half in certain instances. Salary folks may cry about it but oh well.
Click to expand...
I was a salaried employee when I was an officer in the Navy. I never worked as many hours in my life. As an hourly employee for the last 33 years, I would NEVER.....EVER... want to work for salary. EVER
 
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#14
#14
MOOOOONEY said:
I have no idea.

They’re really people that believe no taxes on OT will force companies to end OT.

I’m not making it up either.

This is a policy that should unite all Americans, but it doesn’t.
Click to expand...
Probably shouldn't take TikTok as great sources for anything. Especially as it pertains to any Trump policy. Oh and it mentions what I said as a potential concern.


www.forbes.com

‘No Tax On Overtime’ Policy Would Be Even Worse Than ‘No Tax On Tips’

At a rally in Arizona, former President Donald Trump unveiled a new policy proposal: eliminating income tax on overtime pay.
www.forbes.com www.forbes.com
 
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#16
#16
SpaceCoastVol said:
I was a salaried employee when I was an officer in the Navy. I never worked as many hours in my life. As an hourly employee for the last 33 years, I would NEVER.....EVER... want to work for salary. EVER
Click to expand...

I’ve known of instances where salary people get overtime pay too but I know that’s not the norm. They tend to get a lot of other perks though.
 
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#17
#17
SpaceCoastVol said:
I was a salaried employee when I was an officer in the Navy. I never worked as many hours in my life. As an hourly employee for the last 33 years, I would NEVER.....EVER... want to work for salary. EVER
Click to expand...
Well you ****ed up by going to the dark side (unless you retired, then congrats).
 
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#18
#18
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#21
#21
MOOOOONEY said:
Has nothing to do with government waste.

It’s puts more money into the pockets of working Americans.

In fact it should help the DOGE department, less money for the department to worry about the government wasting.
Click to expand...
You see, the left believes that the government is entitled to your earnings. Therefore, the .gov has less money, and as a percentage of what they take, more is wasted, therefore DOGE is a failure.
 
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#22
#22
There is no need to OT pay to be I closed in tax paperwork....the fed doesn't need to know if or how much ot I work....tl
 
#23
#23

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#25
#25
SpaceCoastVol said:
I was a salaried employee when I was an officer in the Navy. I never worked as many hours in my life. As an hourly employee for the last 33 years, I would NEVER.....EVER... want to work for salary. EVER
Click to expand...

I’m salaried so would have no affect on me, but I’m happy anytime someone gets to keep more of their money.

It would be nice to end taxes on bonuses.
 
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