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60 hour rule violation?
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<blockquote data-quote="MC4YOU2" data-source="post: 2532581" data-attributes="member: 5485"><p>The more overtime you have on a paycheck, the higher your tax rate will be. You're actually making less per hour, with overtime included, the longer your week is. </p><p></p><p></p><p>Take a week's net dollar amount. Divide your total deductions (fed, state, FICA, Medicare) by your net total. If your hours were low, (40/45) say on a vacay check, the percentage might be as low as 32%, depending on your particular W4 deductions. </p><p></p><p>Now, compare that to a 50/55/60 hour check and you'll see that percentage, that goes to taxes etc., climb higher with each OT hour you work. Yes, you'll make more money, but as you do, Uncle Sam is also getting an increasingly higher amount away from you. </p><p></p><p>So, if your peak check is $200 higher, your taxes are probably increasing by $150 at the same time. Working over 60 hours, just to get kicked harder in the nuts. Screw that <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />.</p></blockquote><p></p>
[QUOTE="MC4YOU2, post: 2532581, member: 5485"] The more overtime you have on a paycheck, the higher your tax rate will be. You're actually making less per hour, with overtime included, the longer your week is. Take a week's net dollar amount. Divide your total deductions (fed, state, FICA, Medicare) by your net total. If your hours were low, (40/45) say on a vacay check, the percentage might be as low as 32%, depending on your particular W4 deductions. Now, compare that to a 50/55/60 hour check and you'll see that percentage, that goes to taxes etc., climb higher with each OT hour you work. Yes, you'll make more money, but as you do, Uncle Sam is also getting an increasingly higher amount away from you. So, if your peak check is $200 higher, your taxes are probably increasing by $150 at the same time. Working over 60 hours, just to get kicked harder in the nuts. Screw that :censored:. [/QUOTE]
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