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60 hour rule violation?
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<blockquote data-quote="Rick Ross" data-source="post: 2535153" data-attributes="member: 51847"><p>People think the higher tax bracket effects all of your income. The truth is that it will only effect the amount you earn in the higher bracket. If you were both in the 15% bracket which I think goes to roughly $50k, but you make another $5k in OT, the extra $5 Grand would then be taxed at 25%. So the difference in to making $5k more than your coworker would be paying an extra $500 over your regular tax rate. </p><p></p><p>You can't make more time but as someone earlier posted, the extra taxes you are paying aren't that big of a deal...Especially if you are maxing out your pension options.</p></blockquote><p></p>
[QUOTE="Rick Ross, post: 2535153, member: 51847"] People think the higher tax bracket effects all of your income. The truth is that it will only effect the amount you earn in the higher bracket. If you were both in the 15% bracket which I think goes to roughly $50k, but you make another $5k in OT, the extra $5 Grand would then be taxed at 25%. So the difference in to making $5k more than your coworker would be paying an extra $500 over your regular tax rate. You can't make more time but as someone earlier posted, the extra taxes you are paying aren't that big of a deal...Especially if you are maxing out your pension options. [/QUOTE]
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60 hour rule violation?
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