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Old 05-13-2012, 03:11 PM   #41
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I'm salary.
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Old 05-13-2012, 04:32 PM   #42
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Originally Posted by John Valdes View Post
How so? Railroads are not strong because we as Americans drive cars instead of using public transportation.
What does my OT schedule as an apprentice 30 years ago have to do with anything?




I have heard that before. And I heard it back home. Where you are.
Close to Margaritaville here. I guess you remember.
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Old 05-13-2012, 04:36 PM   #43
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The feds should encourage the blue collared workers by taxing ot at a lower rate. That would stimulate the economy. Unsteady if giving bums a free ride on wekfare(don't get me going) give them some incentive to work and work hard . I.e. more money in their pockets.
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Old 05-13-2012, 11:48 PM   #44
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for me anything after 5 hrs of ot I am losing 1/2 of what I am earning..so I do get more cash in my check...but I am getting hammered by feds/nys....with my wife working and my business there is no return at the end of the year...so 1/2 that extra goes to the man....
Maybe in the short term but not over a 12 month period.

Tax Bracket Single Married Filing Jointly Head of Household
10% Bracket $0 – $8,700 $0 – $17,400 $0 – $12,400
15% Bracket $8,701 – $35,350 $17,401 – $70,700 $12,401 – $47,350
25% Bracket $35,351 – $85,650 $70,701 – $142,700 $47,351 – $122,300
28% Bracket $85,651 – $178,650 $142,701 – $217,450 $122,301 – $198,050

http://www.bargaineering.com/article...-brackets.html
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Old 05-14-2012, 12:15 AM   #45
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in NYS we file a state return too...I can not even begin to tell you what I pay...and pay and pay....plus property taxs...
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Old 05-14-2012, 12:28 AM   #46
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I choose option #4

I do not work overtime unless I absolutely have to. My boss knows I hate it and he only asks me if everyone else has turned it down and he really needs someone to work. With 70 guys, 45 of us licensed, this is a rare event. We have plenty of guys that want all the overtime they can get and that is good for me. I work 7:00 - 3:30 Monday to Friday and that's all I want (actually more than I want). Also I don't do side work. IMO, if you can't make it on a 40 hr paycheck, you need to adjust your budget not look for overtime. That's a formula for failure. When the overtime dries up you're gonna be screwed.
Which local are you in?
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Old 05-14-2012, 12:30 AM   #47
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in NYS we file a state return too...I can not even begin to tell you what I pay...and pay and pay....plus property taxs...
I understand, NYS..my bad.

This mentality (NYS's), leads to lower income from payroll taxes for people avoiding OT like you do.


I have said this before my cousin lives in Monroe County, NY, his real estate taxes for a one story rambler on a 1/4 acre are higher than my real estate taxes on a much larger house, with pool and 10 acres outside Washington DC in an area none for inflated housing prices.
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Old 05-14-2012, 12:36 AM   #48
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2070sq ft 4 bed 2.5 bath..$6800yr (school&property total) lot is 75x160..
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Old 05-14-2012, 02:48 PM   #49
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If you can't admit a connection between paying overtime for non-productive hours and the financial good of a company you are in fact part of the problem.
You are correct that it was and is not healthy for any company to pay for services not rendered.
But I can say at 18-19 years old it was not an issue at all.

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Close to Margaritaville here. I guess you remember.
I will never forget where I came from. It sure has changed, but home is home anyway you look at it.
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Old 05-14-2012, 03:06 PM   #50
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People worried about being bumped up to the next tax bracket need to read about progressive tax rates.
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Old 05-14-2012, 05:31 PM   #51
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Which local are you in?
Non-union
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Old 05-15-2012, 12:38 AM   #52
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I have heard from guys they hate working Saturday because it kicks them into a higher tax bracket and they wind up with maybe $40.00 for the day after taxes..

That was a few years ago.. not sure if things have changed since then..
That is just a poor excuse because they don't want to work or like mentioned they don't understand progressive tax rate.

At the end of the year you get taxed on you total income. It's like saying I don't want a raise because the government will get it all.
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