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Trump Suggests Tax Cuts for People Earning Less Than $200,000
(www.telesurenglish.net)
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this post was submitted on 27 Apr 2025
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remember when he was going to get rid of the tax on tips?
there is no tax on tips if you don't declare them!
wanna help a server, tip in cashhhhh
and overtime
Never thought about it before but yeah taxes on overtime are bullshit, you probably even get taxed at a higher rate than normal so you're making less than that stated time and a half
Nah, overtime is taxed at the same rate because it's just income. Even if it were to increase one's income to the next tax bracket, only the portion of that income over that tax bracket would be taxed at a higher rate.
It is, but it's extremely common to hear people complain that more OT = more taxes. Probably because of brackets
Really it's just because of our piss poor education system not properly explaining these things. I've seen an adult decline a raise because he thought he'd get taxed more than the raise, even after over an hour of us walking him through why that wasn't the case.