Trump promises no tax on overtime pay!

[Koz]

Well, that aught to make Kamacommie's head explode. And what a nice visual on a Friday morning.

 

[garyv350]

There is a federal law pertaining to OT pay for salaried employees. There are exceptions for certain ones. But, some salaried employees are subject to OT pay from my understanding. I was told by a friend who has a payroll business.

 

[MikeM]

NY has newer laws that mandate more and more employees as hourly vs salary and thus they get overtime. We had to restructure our whole payment policies for many employees.

 

[holdover]

I'm pretty sure if everyone suddenly had an extra grand in their pockets inflation would go up.

Remember ?

I dont think so,makes no difference that I earn more. I think what your thinking of is money supply. Printing dollars , more dollars in circulation makes them worth less. when The government prints money, it destroys the value, and causes inflation. If Im taxed less on what I earn, I just keep what I earn, I add no dollars to the the currency circulation ,The dollars I earn dont inflate the dollar. the extra money would stimulate the economy. ( buyers confidence level) that extra money creates wealth.

 

[Deplorable Me]

This is racist, only applies to people who have jobs.

 

[Darth]

Taxation is theft.

 

[Mosinitis]

No, no, no, send money overseas to kill Slavs.

 

[Willyone]

They're both trying to buy votes, it's that simple.

 

[pshift]

It's not going to happen. I will bet my mortgage payment on it.

 

[DoOver]

This is nuts. Trump is promising no tax on overtime no tax on tips and no tax on Social Security. (the last one is only paid by relatively well off Social Security recipients). Maybe he should just run on repealing the 16th amendment.

I second.

All in favor.

 

[Saltwater60]

If he ran a better more strategic campaign maybe he’d get the chance to do this.

 

[Phazer]

This is nuts. Trump is promising no tax on overtime no tax on tips and no tax on Social Security. (the last one is only paid by relatively well off Social Security recipients). Maybe he should just run on repealing the 16th amendment.

I'm good with that.

We can then have the congress vote on specific programs and levy very specific assessments on the population to raise necessary funds.

 

[holdover]

Even if it is all horseshit, Its about time he start using it .

 

[RedBreast21]

We do get to tax the entire world via inflation at the same time.

The fact that we run our budget as a deficit perpetually drives inflation.

Everyone who holds US dollars is paying the inflation tax.

The world puts up with it because we provide valuable stability.

As soon as the inflation tax gets too high, or they think they can get a better deal for their stability they will dump their dollars and we will be fucked.

China really *really* wants to take that role over, but most of the world isn't on board because as much as they complain about us, they know China is Asshole and would be far worse.

But, if our government goes too far with inflation, or pushing insanity on everyone else, they may change their mind.

The global participation in the dollar isn't by choice today or for the last 30 years. Exactly due to the exported inflation on the world which devalues the USD. Today it's forced participation, banking control and economic favoritism that has given birth to BRICS Plus and soon a new global bank and currency. WW3 isn't about Putin. lol

Nothing is coming back to the America tax payer. To corporations, western banks, bankers, elites and politicians, yes. Not you or I.

 

[Celt]

Well I am a salaried employee so I get zero benefit from that but I'm all for it. Like someone else mentioned above, we get the rest of the world contributing to NATO, tariffs, etc... thenwe will save a boat ton of money and we can afford to cut our own taxpayers a break

 

[JRtraderny]

This is racist, only applies to people who have jobs.

I did one of those quick little online polls today 54% of the people responded they either didn't work or didn't have a job .

 

[Podmonkey]

They're both trying to buy votes, it's that simple.

Buying votes with tax cuts is fair and honest. Limited taxation is what tge founding fathers wanted in the first place. There shouldn't be ANY personal income tax to begin with.

 

[spat]

The global participation in the dollar isn't by choice today or for the last 30 years. Exactly due to the exported inflation on the world which devalues the USD. Today it's forced participation, banking control and economic favoritism that has given birth to BRICS Plus and soon a new global bank and currency. WW3 isn't about Putin. lol

Nothing is coming back to the America tax payer. To corporations, western banks, bankers, elites and politicians, yes. Not you or I.

It's not coming back to the taxpayer, no.

But without the rest of the world supporting it the current level of government spending would have hyperinflation here.

The US taxpayers just can't afford the spending our government does. That spending is bring supported by the whole world.

Which is why we killed Saddam Hussain. He was threatening to start selling oil in other currencies.

 

[Robin]

Taxes, over time they'll get it anyway.
Robin

 

[DoOver]

Well I am a salaried employee so I get zero benefit from that but I'm all for it. Like someone else mentioned above, we get the rest of the world contributing to NATO, tariffs, etc... thenwe will save a boat ton of money and we can afford to cut our own taxpayers a break

Just to be clear the employee pays the employer. ALL salary, payments, taxes and benefits paid to the employee by the employer is earned by the employee.

 

[dwa12479]

Why are certain types of income being targeted as "tax exempt"?. I receive neither tips nor overtime. Where's my exemption? Its just like the student loan BS. I paid mine off every penny on time over many years. Now I'm ALSO paying off this generations with my tax dollars. Do I get a reimbursement check for my loans?

 

[SonOfSun]

Oh does he.... Do I get a free pony too?

He has absolutely no way of accomplishing that. He might as well promise it will rain bags of 50s too.

 

[Mosinitis]

Oh does he.... Do I get a free pony too?

He has absolutely no way of accomplishing that. He might as well promise it will rain bags of 50s too.

He is doing what every presidential candidate did before him, at least in my life. This is how American democracy works. People who expect integrity in presidential race are either too young or too stupid.

 

[ManualF150]

He is doing what every presidential candidate did before him, at least in my life. This is how American democracy works. People who expect integrity in presidential race are either too young or too stupid.

Bingo.

But I still want MAGA 2024! TRUMP 2024!

 

[holdover]

Oh does he.... Do I get a free pony too?

He has absolutely no way of accomplishing that. He might as well promise it will rain bags of 50s too.

??? its a tax. why wouldn't they be able to eliminate it?? I think it would be political suicide to go against a bill promoting that . Whats the argument? the government needs it more than you do??

 

[Deplorable Me]

How soon before Kamala copies the same thing and claims it's her idea.

 

[Robin]

With the right computer program this is easily doable.
Robin

 

[Defilade]

 

[C3D]

More pandering today as he promises to reinstate the SALT deduction that he eliminated in 2017.

 

[JunkBoxFull]

I don`t believe a word either side says. All pandering to their bases just to get you to vote for them when we know they`re lieing.