Top rate

[Brown Biscuit]

So I’m going to be topped out in September....finally.

I’m right behind you. Top out in January. Congrats brother.

 

[The Driver]

For a single person; after taxes and without a single minute of OT you can expect $1,200+ a week (at $38.75/hr). There is a sweet spot in OT hours you wanna try and hit, 6 to 8 hours. Anymore than that and you’re just burning yourself out while not really making much [more] after auncle Sam takes his share. Unless you’re dumping a good chunk of change into your 401k, 48 hours a week is good enough, about $1,650(+/-) a week after taxes.

That’s ‘averaged’ out and does not include state income tax. If you’re pulling a lot of OT then I would recommend contributing AT LEAST 6% to your 401k. Otherwise your are essentially throwing money away when you work 50+ hours a week.

No disrespect, but you don't understand how the marginal tax bracket system works if you think you're taxed more for making overtime. More may be withheld but all W2 income is recalculated at the end of the year and you only pay tax based on that total amount.

Don't not work more because you're afraid you will be taxed more!

 

[MECH-lift]

Live COMFORTABLY cheap and save your money. You don’t need a 2021 Dodge Super Ram F350 Turbo with a volcano exhaust just because you can afford it
Get 50k in the bank before you start swinging your di** around

I walk to work....jk! ford raptor fully loaded with boat attached!!

 

[Netsua 3:16]

I walk to work

Definitely wasn’t picking on you, just a general statement. I keep seeing all the new 22.4’s in the building get their first 2 thousand dollars in the bank and immediately go buy a 40 thousand dollar truck. I’m just like “cmon, man”
All the senior drivers in my building who are close to retirement and have multiple properties, play the market, just smart with their money; they ALL drive complete pieces of sh** to work. This job is all about perspective and priorities

 

[NAHimGOOD]

 

[AwashBwashCwash]

All the senior drivers in my building who are close to retirement and have multiple properties, play the market, just smart with their money;

I always love to hear about old has-beens sucking up all the housing resources like they're playing Monopoly and driving the costs up for young people who can't afford to start families. Great to be reminded about who destroyed this country.

 

[MECH-lift]

Definitely wasn’t picking on you, just a general statement. I keep seeing all the new 22.4’s in the building get their first 2 thousand dollars in the bank and immediately go buy a 40 thousand dollar truck. I’m just like “cmon, man”
All the senior drivers in my building who are close to retirement and have multiple properties, play the market, just smart with their money; they ALL drive complete pieces of sh** to work. This job is all about perspective and priorities

I know what you mean buddy..buy what you need , not what you want.

 

[Jones]

I always love to hear about old has-beens sucking up all the housing resources like they're playing Monopoly and driving the costs up for young people who can't afford to start families. Great to be reminded about who destroyed this country.

Yup, old union truck drivers are to blame for all our troubles..

 

[burrheadd]

I always love to hear about old has-beens sucking up all the housing resources like they're playing Monopoly and driving the costs up for young people who can't afford to start families. Great to be reminded about who destroyed this country.

Capitalism at work

Gotta love it

 

[NAHimGOOD]

 

[Zowert]

No disrespect, but you don't understand how the marginal tax bracket system works if you think you're taxed more for making overtime. More may be withheld but all W2 income is recalculated at the end of the year and you only pay tax based on that total amount.

Don't not work more because you're afraid you will be taxed more!

You are right, I’m not an accountant. I was just going off my experience as a simpleton paying taxes — working a 60 hour week wouldn’t net THAT much more than a 48 hour week.

 

[clean hairy]

The checks will be bigger than what you are making now.

The checks will not be bigger,they will remain the same size.
The amount on the check will be more, though...

 

[IVE GOTTA PACKAGE 4U]

The checks will not be bigger,they will remain the same size.
The amount on the check will be more, though...

That's because you're local supplement sucks
We got bigger checks in our last contract

 

[The Driver]

You are right, I’m not an accountant. I was just going off my experience as a simpleton paying taxes — working a 60 hour week wouldn’t net THAT much more than a 48 hour week.

you’re no simpleton. It’s a common myth about overtime and taxes.

 

[Est.1998]

You’ll just spend more when you become full-rate ...broke for life

i can only speculate, but i'm thinking this applies to those guys who drive those big trucks, bentleys, 2020 BMW, 2020 Mercedes, and so on to work. Must be nice to jump in one of them after 12+ hours, as it sits in UPS parking lot waiting on you to return.

 

[eats packages]

you’re no simpleton. It’s a common myth about overtime and taxes.

Joint filers only pay an extra %1 or %2 in total if they bring in around 100K
Single filers get pounded up an extra %6, in comparison.

 

[clean hairy]

i can only speculate, but i'm thinking this applies to those guys who drive those big trucks, bentleys, 2020 BMW, 2020 Mercedes, and so on to work. Must be nice to jump in one of them after 12+ hours, as it sits in UPS parking lot waiting on you to return.

Of course if you have a self driving car, it might get tired of waiting for you and go home.

 

[11.19igrad]

I don't know how much your top rate is...but 48 hours should be around $1950 before deductions and taxes.

Ugh. My social media content biz better make this a day on a bad day.

 

[Package Stick]

That is not true at all. It is true that the amount you get after taxes is much less on a given paycheck when you work excessive amounts of overtime, but as long as you don't bump yourself into a higher tax bracket you get all the money back when you file your taxes.

I have to point out.. you're only taxed the amount in the bracket you ing EARN. You can be in a "higher" bracket but you only pay the amount in THAT bracket.

You do not earn less because you earn more.

 

[What'dyabringmetoday???]

Indecision should be able to tell you in a couple years when she reaches top rate. Lol.