Trump just announced for the 1st time today at his rally in Arizona that in addition to removing taxes on tips and on Social Security for seniors that he will also remove taxes on overtime pay - anything over 40 hours per week.

that's a bad move for too many reasons...

pencil whippin' and bean counters come to mind ... slave labor force would be another...

(09-12-2024 05:40 PM)stinkfist Wrote:  that's a bad move for too many reasons...

pencil whippin' and bean counters come to mind ... slave labor force would be another...

he's trying to poach the border infiltrates...

I keep trying to think what's the downside to this... I mean if you keep the standard labor laws in effect...

I thought the same as you did at first Stink, but I'm not seeing it off the top of my head unless I"m just blindspotted at the moment.

(09-12-2024 05:44 PM)DaSaintFan Wrote:  I keep trying to think what's the downside to this... I mean if you keep the standard labor laws in effect...

I thought the same as you did at first Stink, but I'm not seeing it off the top of my head unless I"m just blindspotted at the moment.

it complicates the 'fashion in fairness' and the many others that some smarter will think up that I simply don't want to scribble .... I'm long past sick of this dipshite-ism...

"the best design is the simplest one that works." - Albert Einstein

(09-12-2024 05:44 PM)DaSaintFan Wrote:  I keep trying to think what's the downside to this... I mean if you keep the standard labor laws in effect...

I thought the same as you did at first Stink, but I'm not seeing it off the top of my head unless I"m just blindspotted at the moment.

I'm not seeing the downside to this ever.

(09-12-2024 06:05 PM)Redbanksdog Wrote:  

(09-12-2024 05:44 PM)DaSaintFan Wrote:  I keep trying to think what's the downside to this... I mean if you keep the standard labor laws in effect...

I thought the same as you did at first Stink, but I'm not seeing it off the top of my head unless I"m just blindspotted at the moment.

I'm not seeing the downside to this ever.

I can pencil whip hrs on a dime ... I'm betting they wouldn't give up SS taxes...

it would take less than a decade with all the illegals to begin the chinese version of slave labor...

is that where yaz want capitalism and the USD moving your offspring forward ... IMO, it's a bad move if you want more folk engaged in productivity vs. the socialized version...

It saves the employer money as long as it includes FICA.

He should call for no taxes on a second or third job

A lot of single moms work two jobs and giving them that break could expand his appeal to a demographic he struggles with

Harris will announce the same soon.

(09-12-2024 06:14 PM)stinkfist Wrote:  

(09-12-2024 06:05 PM)Redbanksdog Wrote:  

(09-12-2024 05:44 PM)DaSaintFan Wrote:  I keep trying to think what's the downside to this... I mean if you keep the standard labor laws in effect...

I thought the same as you did at first Stink, but I'm not seeing it off the top of my head unless I"m just blindspotted at the moment.

I'm not seeing the downside to this ever.

I can pencil whip hrs on a dime ... I'm betting they wouldn't give up SS taxes...

it would take less than a decade with all the illegals to begin the chinese version of slave labor...

is that where yaz want capitalism and the USD moving your offspring forward ... IMO, it's a bad move if you want more folk engaged in productivity vs. the socialized version...

I don't know but I'm thinking just federal tax withheld.

(09-12-2024 06:19 PM)solohawks Wrote:  He should call for no taxes on a second or third job

A lot of single moms work two jobs and giving them that break could expand his appeal to a demographic he struggles with

that's better ... it's still not what I would prefer...

I'm a Yuge fan of a consumption tax ... in a variety of methodologies based on income...

IOW, all you do is report documented income for the 'chits' ... it's too simple and would fk too many elitists up the arse ... it's why it will never happen until the next 'bloodletting' occurs ... it's what we do as a species if'n ya think backwards to today...

what makes our version 'special'?

yeahhhhhhhhhhhhhhhhhhhhh ... can't get past that one, can Ya?!...

Also, that income shouldn't be isted on the W-2 as taxable income. Overtime typically puts UNION employees in a different tax bracket. He's going after them hard.

(09-12-2024 06:24 PM)Redbanksdog Wrote:  

(09-12-2024 06:14 PM)stinkfist Wrote:  

(09-12-2024 06:05 PM)Redbanksdog Wrote:  

(09-12-2024 05:44 PM)DaSaintFan Wrote:  I keep trying to think what's the downside to this... I mean if you keep the standard labor laws in effect...

I thought the same as you did at first Stink, but I'm not seeing it off the top of my head unless I"m just blindspotted at the moment.

I'm not seeing the downside to this ever.

I can pencil whip hrs on a dime ... I'm betting they wouldn't give up SS taxes...

it would take less than a decade with all the illegals to begin the chinese version of slave labor...

is that where yaz want capitalism and the USD moving your offspring forward ... IMO, it's a bad move if you want more folk engaged in productivity vs. the socialized version...

I don't know but I'm thinking just federal tax withheld.

all I see are more folk either working two jobs, or lack of incentive to generate growth vs. wages due to the former ... maybe the unions will become relevant again ... I guess there's that aspect...

(09-12-2024 06:39 PM)Eagleaidaholic Wrote:  Also, that income shouldn't be isted on the W-2 as taxable income. Overtime typically puts UNION employees in a different tax bracket. He's going after them hard.

lol ... ya beat me to it...

(09-12-2024 05:30 PM)ODU BBALL Wrote:  Trump just announced for the 1st time today at his rally in Arizona that in addition to removing taxes on tips and on Social Security for seniors that he will also remove taxes on overtime pay - anything over 40 hours per week.

Alabama implemented this effective January 1, 2024 for state income tax:

https://www.revenue.alabama.gov/individu...exemption/

(09-12-2024 06:51 PM)chargeradio Wrote:  

(09-12-2024 05:30 PM)ODU BBALL Wrote:  Trump just announced for the 1st time today at his rally in Arizona that in addition to removing taxes on tips and on Social Security for seniors that he will also remove taxes on overtime pay - anything over 40 hours per week.

Alabama implemented this effective January 1, 2024 for state income tax:

https://www.revenue.alabama.gov/individu...exemption/

doesn't matter ... it will be abused as the market mellows...

ya can't the shite the shiTTTer ... "if'n ya can shave a point today, it's worth x10 in a ginned-up gen." - stinkfist

Dems: he’s just pandering for votes by proposing to allow working people to keep more of their hard earned money

Also Dems: free everything for illegals!! Free college, rent controls, free, free, free!!!!

I will like to see, "no taxes on active military members". They have it bad enough trying to maintain a home with the pay they get and the way they are deployed numerous times. If the GI works a second job then that pay will be taxed but not the one given by Uncle Sam. If they separate from the service then that benefit goes away.

I'm a veteran and I think ONLY the active GI should be able to benefit. Maybe, just maybe it will also get more recruits.

(09-12-2024 10:09 PM)olliebaba Wrote:  I will like to see, "no taxes on active military members". They have it bad enough trying to maintain a home with the pay they get and the way they are deployed numerous times. If the GI works a second job then that pay will be taxed but not the one given by Uncle Sam. If they separate from the service then that benefit goes away.

I'm a veteran and I think ONLY the active GI should be able to benefit. Maybe, just maybe it will also get more recruits.

How about no federal income tax, period? We can fund the government with either a fair tax (aka a national sales tax) or tariffs.