No tax on overtime

[Gaius]

@Safiel

We don’t use a great deal of overtime labor. And younger generations are even more likely to refuse overtime, something we do not mandate, unless in VERY extreme and rare circumstances.

Well if that’s the case then the government isn’t collecting any significant tax on it in the first place.

• Before the Trump plan: Government collects 15% of something so small it is very very close to zero. (15% of almost zero is zero.)
• After the Trump plan, no loss of revenue. it was almost zero to begin with.

For some companies (a McDonald’s franchise) it won’t matter. Their business model is structured such that they don’t need overtime. They just hire another part-timer.

But what about UPS. They have an expensive van for every driver expensive real estate and conveyer belts for every sorter. If they can make their capital stock 10% more efficient that is like reducing interest rates from 4% to 3.6% and THAT is not small potatoes.

[WuWei]

@Safiel

I see no good reason at all for this hamstringing of the Federal Government’s primary revenue stream.

Punishment for being bad stewards.

[Ben_Natuf]

@Jezcoe

keep a military the size of ours equipped.

our military is comparatively small, it just has huge firepower

[Ben_Natuf]

@Safiel

I see no good reason at all for this hamstringing of the Federal Government’s primary revenue stream.

taxing overtime is the governments primary revenue stream? who knew

[Roxiebelle]

@DisturbedGuy

Wonder how he plans to pay for this?

Drill baby drill, using our energy superiority to bring in the $$.
Tariffs and more fair trade with foreign countries brings in $$
USA Manufacturing & exports, bring in $$
Jobs, will bring in more tax revenue $$

When we have record billions/trillions of $$$ coming into the Government from more sources than just taxes, we can pay down the debt. This is a concept that was turned into reality during Trump’s Administration.

[FreeAndClear]

No it was not because he nearly doubled the debt from the previous admin and increased the deficit and all before covid

But the dream like fantasy of a period of time through which we all lived is now enshrined in true believers minds

[Liberty323]

@WuWei

@Guilds

I said Liberal. Obama was not a liberal.

Somebody come get him.

[gooddad409]

@altair1013

@Jezcoe

Cutting the Dept of Ed by 10% saves about $8 Billion.

We got over a Trillion to go.

Right? So keep going. It beats the hell out of cutting nothing or increasing. Right? That liberal philosophy that we have thousands of items that are too small to cut is pure stupidity. Which is why I’m convinced they are lying when they say they care about the debt. They’re full of dishonest crap.

Cutting a lot of small stuff adds up to big amounts of money.

The average lib however wants to increase giveaway programs.

More money away from hard working taxpayers and into their own pockets.

[Nemesis]

I am willing to bet any amount of money that if Trump wins, when it comes to election 2028, overtime will still be taxed.

[Guvnah]

@tnt

@Guvnah

I wasn’t asking for your response.

Oooohhhh sick burn!

What goes around comes around.

It’s fine for you to do, but you get triggered when someone does it to you:

@tnt

I wasn’t responding to you.

[Guvnah]

@Guilds

And the debt still exploded…

Because we spend more than we take in.

[Guvnah]

@Guilds

Libs did not cut the taxes,why should they be responsible?

They push for more spending.

PS: Libs DID cut the taxes. Reagan didn’t cut the taxes. Congress did.

[Guvnah]

@Guilds

I said Liberal. Obama was not a liberal.

Maybe your cat typed that.

[Gaius]

You can call it a case of a blind squirrel finding a nut if you want to, but this would be a REALLY good policy to enact.

[Impenitent]

@Guvnah

@Guilds

Libs did not cut the taxes,why should they be responsible?

They push for more spending.

PS: Libs DID cut the taxes. Reagan didn’t cut the taxes. Congress did.

and we haven’t had a balanced budget since Gingrich/Kasich

[WuWei]

@Nemesis

I am willing to bet any amount of money that if Trump wins, when it comes to election 2028, overtime will still be taxed.

That depends on congress.

[WuWei]

@Guvnah

@Guilds

I said Liberal. Obama was not a liberal.

Maybe your cat typed that.

[TheRedComet]

That 600 ship navy (its normally allocated at 320 ships) wasn’t going to pay for itself.

We had a Soviet Union to bankrupt dammit.

[Gaius]

As the economy becomes more automated, a policy like this becomes more necessary.

The old model

• punish labor productivity with 2x FICA tax
• punish it again with federal income tax
• punish it again with state & local income taxes

Was conceived and written a century ago when technology was in its infancy (no containerized cargo and more horses than trucks.)

American manufacturing and supply chains need a policy like this and it woukd seriously enrich the working class.

[tnt]

The poster responded as if I claimed he said something. I was pointing out my response was not to him.