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Don't run and gun they said...
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 4496958" data-attributes="member: 12570"><p><a href="https://www.cato.org/publications/commentary/working-overtime-is-more-taxing-you-think" target="_blank">Working Overtime Is More Taxing Than You Think</a></p><p></p><p>The payoff for overtime work appears to be a very good deal for the employee. But here’s some unpleasant news. Thanks to the rising burden of taxes, the bonus income actually received from working longer hours is much less than one might think. That is because every extra hour worked is taxed at the worker’s highest marginal tax rate. In some cases, overtime work may even push the worker into a higher tax bracket.</p><p></p><p>It turns out that even if the worker receives time and a half for overtime, a surprisingly large share of the bonus wages goes straight to the tax collector.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 4496958, member: 12570"] [URL="https://www.cato.org/publications/commentary/working-overtime-is-more-taxing-you-think"]Working Overtime Is More Taxing Than You Think[/URL] The payoff for overtime work appears to be a very good deal for the employee. But here’s some unpleasant news. Thanks to the rising burden of taxes, the bonus income actually received from working longer hours is much less than one might think. That is because every extra hour worked is taxed at the worker’s highest marginal tax rate. In some cases, overtime work may even push the worker into a higher tax bracket. It turns out that even if the worker receives time and a half for overtime, a surprisingly large share of the bonus wages goes straight to the tax collector. [/QUOTE]
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