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Joined 2 years ago
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Cake day: June 15th, 2023

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  • Nornal income taxes apply to overtime pay, just like any other income. Hourly employees typically get a 50% increase for all hours worked in a week above 40 hours – so someone who worked 48 hours would get paid for 52 hours, as that last 8 hours counts as “time and a half”.

    While they did pass a provision for overtime taxes, it only applies for the “and a half” portion. So that hourly worker might expect 12 hours worth of pay to be tax-free, but they would only get 4 hours with the write-off.

    Better than a stick in the eye, but doesn’t nearly make up for how expensive shit has gotten lately.