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UPS Union Issues
Vote count prediction
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<blockquote data-quote="wilberforce15" data-source="post: 3761771" data-attributes="member: 5053"><p>I still think it's a troll-job, but okay. </p><p></p><p>Your extra checks are not taxed at a higher rate. They are withheld at a higher rate, because the government wrongly thinks you have moved up the tax bracket. So, more is taken out of your check. </p><p></p><p>However, when you do your tax return, that over-withholding will be undone and you will receive the money as if it had been withheld properly. </p><p></p><p>It makes your current check smaller, but the rest of the difference is credited to you in your tax return. </p><p></p><p>A guy who makes $75k of straight time will pay the exact same taxes as somebody who makes $45k of straight time and $30k of overtime. </p><p></p><p>$75k of income is $75k of income, and it doesn't matter what form it took.</p></blockquote><p></p>
[QUOTE="wilberforce15, post: 3761771, member: 5053"] I still think it's a troll-job, but okay. Your extra checks are not taxed at a higher rate. They are withheld at a higher rate, because the government wrongly thinks you have moved up the tax bracket. So, more is taken out of your check. However, when you do your tax return, that over-withholding will be undone and you will receive the money as if it had been withheld properly. It makes your current check smaller, but the rest of the difference is credited to you in your tax return. A guy who makes $75k of straight time will pay the exact same taxes as somebody who makes $45k of straight time and $30k of overtime. $75k of income is $75k of income, and it doesn't matter what form it took. [/QUOTE]
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