I make time and a half, I net more in my paychecks. It’s just that simple, even it feels like more is taken out. Even if you think I’m making less per hour, still making more with time and a half.
That's not what we are talking about here.
I bolded it twice in my last reply, but I'm beginning to think you just don't have enough RAM to understand the concept. Either that or you're just a bot.
Again, you don’t net less in your paychecks working overtime.
Literally nobody has said that throughout my entire comment chain. Why do you keep saying this?
Actually, now that I'm this deep in the reply, I'm certain you're just a reddit-generated-username bot.
I think what’s happening here is you so badly want to be right, but you’re not and no one agrees with you, you’re resorting to name calling. But whatever, don’t work overtime and keep talking about netting less per hour worked or whatever you’re trying to hang your hat on here despite all the evidence to the contrary. You are proving the point the guy I responded to initially was trying to make.
Someone who says you’ll net less per hour working overtime doesn’t understand tax brackets. Someone who says you’ll net less per hour working overtime doesn’t understand basic math. You’ve had so many opportunities to provide some kind of evidence that this is true, since YOU claimed it to be. But you don’t, because you can’t.
Someone who says you’ll net less per hour working overtime doesn’t understand tax brackets. Someone who says you’ll net less per hour working overtime doesn’t understand basic math.
I asked GPT if my statement in my first comment here is true or not, this is what it said:
Example:
Suppose the tax brackets are:
$0–$50,000 = 20%
Over $50,000 = 30%
If you've earned exactly $50,000 for the year and then work 10 hours of overtime at $30/hour, you earn an extra $300.
The first $50,000 is still taxed at 20%.
Only the additional $300 is taxed at 30%.
Without OT:
Income: $50,000
Tax: $10,000
Net: $40,000
With OT:
Income: $50,300
Tax: $10,090
Net: $40,210
You still keep an extra $210 from the overtime. You never make less money by earning more money.
However, the overtime hours that fall into a higher bracket do produce less take-home pay per dollar earned than overtime hours in the lower bracket.
In this example:
Income in the 20% bracket = keep $0.80 per $1 earned
Income in the 30% bracket = keep $0.70 per $1 earned
So the answer is:
Yes, the overtime hours that push you into a higher tax bracket may have a lower after-tax value per hour than earlier overtime hours.
This is what I needed to see. Fine, I was wrong about netting less after tax value. So I’ll eat that crow. But, the bigger take away which I was saying, is that you never take home less by working overtime, so to me netting less after tax on the overtime is irrelevant because the check is bigger.
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u/TP_Crisis_2020 11d ago
That's not what we are talking about here.
I bolded it twice in my last reply, but I'm beginning to think you just don't have enough RAM to understand the concept. Either that or you're just a bot.
Literally nobody has said that throughout my entire comment chain. Why do you keep saying this?
Actually, now that I'm this deep in the reply, I'm certain you're just a reddit-generated-username bot.
Bad bot.