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Does anyone know how much OT a person can work be4 you lose it to TAXES?

 
starrynytes
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User ID: 1184670
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12/31/2010 01:22 PM

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Does anyone know how much OT a person can work be4 you lose it to TAXES?
I appreciate any guru's out there who can help me figure this out. I was approved for 72 hrs this week and last-

I worked 50.5 last week and have about the same this week so far, unless I work more tonight and the weekend.

I think I recall someone saying if you work too much, it goes to taxes- I know I would eventually get that back, but I would rather have it now when I need it.

Thanks to anyone who knows this!
Apocalypse Troll
Trollicus Apocalyptus

12/31/2010 01:23 PM

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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
Derp Derp
attxflag
"Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible."

[link to www.statutes.legis.state.tx.us]
Anonymous Coward
User ID: 1208743
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12/31/2010 01:25 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
A better question to ask would be, "what better things could I have done with that time that I can never get back, if I hadn't chosen to whore my life away to some job, all for some worthless ugly pieces of paper?"
Anonymous Coward
User ID: 1100445
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12/31/2010 01:27 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
Depends on a few things:

How much you make/what tax bracket you're in
How many exemptions on your W-4
Is the payroll where you work outsourced or in-house
starrynytes (OP)

User ID: 1184670
United States
12/31/2010 01:28 PM

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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
A better question to ask would be, "what better things could I have done with that time that I can never get back, if I hadn't chosen to whore my life away to some job, all for some worthless ugly pieces of paper?"
 Quoting: Anonymous Coward 1208743



Well, yeah that would be the case if only the bank who owns my home didn't want some of those worthless pieces of paper for themselves.

Gotta love GLP, Idiots and all!
Apocalypse Troll
Trollicus Apocalyptus

12/31/2010 01:28 PM

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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
Any hours above 50.5 must be paid 100% to the government.


Also know as the "Retard don't know nuthin" rule.


[link to www.moneychimp.com]
attxflag
"Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible."

[link to www.statutes.legis.state.tx.us]
Anonymous Coward
User ID: 1208743
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12/31/2010 01:29 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
A better question to ask would be, "what better things could I have done with that time that I can never get back, if I hadn't chosen to whore my life away to some job, all for some worthless ugly pieces of paper?"



Well, yeah that would be the case if only the bank who owns my home didn't want some of those worthless pieces of paper for themselves.

Gotta love GLP, Idiots and all!
 Quoting: starrynytes


You've sold yourself into indentured servitude, yet I'm the idiot?
Nailer45

User ID: 1204665
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12/31/2010 01:31 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
I appreciate any guru's out there who can help me figure this out. I was approved for 72 hrs this week and last-

I worked 50.5 last week and have about the same this week so far, unless I work more tonight and the weekend.

I think I recall someone saying if you work too much, it goes to taxes- I know I would eventually get that back, but I would rather have it now when I need it.

Thanks to anyone who knows this!
 Quoting: starrynytes



2/3 of all overtime is lost to taxes.
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
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12/31/2010 01:31 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
You never loose by working over time except for your precious time. If you work extra hours then you might be taxed on that overtime at a higher rate. It just means that you are not taxed any higher on the hours that you have already worked but you may be taxed at a higher rate on the hours that you worked overtime on.
Apocalypse Troll
Trollicus Apocalyptus

12/31/2010 01:32 PM

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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
You never loose by working over time except for your precious time. If you work extra hours then you might be taxed on that overtime at a higher rate. It just means that you are not taxed any higher on the hours that you have already worked but you may be taxed at a higher rate on the hours that you worked overtime on.
 Quoting: Anonymous Coward 1212721



You had to go spoil the fun...
attxflag
"Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible."

[link to www.statutes.legis.state.tx.us]
Anonymous Coward
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12/31/2010 01:33 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
If payroll is processed in house, talk to the person who does the processing and change your exemptions to M/10 for the paycheck(s) in question.
Anonymous Coward
User ID: 1208743
United States
12/31/2010 01:33 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
You never loose by working over time except for your precious time. If you work extra hours then you might be taxed on that overtime at a higher rate. It just means that you are not taxed any higher on the hours that you have already worked but you may be taxed at a higher rate on the hours that you worked overtime on.
 Quoting: Anonymous Coward 1212721


My precious time is the only thing I truly have in this life, and it is not for sale. I stopped being a job whore when I learned how to make my own money, and now my time is mine alone.
Nailer45

User ID: 1204665
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12/31/2010 01:35 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
Just remeber this: The more you make the more they ( Government ) take ..
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
User ID: 1208743
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12/31/2010 01:36 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
Just remeber this: The more you make the more they ( Government ) take ..
 Quoting: Nailer45


Not if they don't know about it!
cab123

User ID: 1163780
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12/31/2010 01:36 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
You never loose by working over time except for your precious time. If you work extra hours then you might be taxed on that overtime at a higher rate. It just means that you are not taxed any higher on the hours that you have already worked but you may be taxed at a higher rate on the hours that you worked overtime on.



You had to go spoil the fun...
 Quoting: Apocalypse Troll



so much to learn, so little time
BE KIND ..UNWIND
User ID: 1199360
United States
12/31/2010 01:38 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
A better question to ask would be, "what better things could I have done with that time that I can never get back, if I hadn't chosen to whore my life away to some job, all for some worthless ugly pieces of paper?"
 Quoting: Anonymous Coward 1208743

===============
EASY THERE NEWLY AWAKEN ONE...THIS PERSON IS IN THE FIRST STAGES OF WAKING UP ....QUESTIONING....THERE IS MUCH HE/SHE WILL DISCOVER AS YOU DID....

BE KIND TO THEM ...AS THE TRUTH IS HARD ENOUGH ON THEM.

ANSWER THEIR QUESTIONS AND GENTLY NUDGED THEM TOWARD THE BIG PICTURE...

OP...increase your dependent number to 10 on your Withholding form and get all the money all the time ...settle up at the end of the year....

by the way OP ..think about working for yourself...corporate taxes and write off are much than for individual taxpayers..
250 plus deductions as opposed to 5 or 6 for individuals...plus 15% corporate tax on PROFITS,not gross...as opposed to 30-35% on gross for individuals...l may be a little off in these numbers ..l'm sure another will correct me ..but you get the idea.

START YOUR OWN BUSINESS..GOOD LUCK ...HAPPY NEW YEAR.....
Anonymous Coward
User ID: 1202782
United States
12/31/2010 01:43 PM
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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
about 12 hrs is the most you can put in OT before the rest just goes to taxes, but, depending on what you make, you have a chance off getting it back with your refund
starrynytes (OP)

User ID: 1184670
United States
12/31/2010 01:50 PM

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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
A big thank you to those who gave honest answers, I will check it out and weigh the pro's and con's to this.

I will probably not kill myself tonight and tomorrow then with OT, I have a little already.

As for being self employed, that's great for those who are, but be glad not everyone is, because there are many professions who work for places like hospitals, ie. nurses. (what I am) I can work for myself as a legal nurse or maybe some other areas, but if every nurse did that then where would you and how would you get your healthcare?

But the reality is, that most people either rent or pay mortgages on their residences, so I am not the only person enslaved to this, unfortunately. You have to have shelter, and this dictates what a person does to obtain that shelter.

I choose the time honored tradition of old fashioned work.

Again, thanks to the real responses, I don't think I need any other replies unless you have some real information, and I think I have it.

So the trollers, weirdo's and people who like to belittle others, go somewhere else. You waste what little time of my life and others by posting your nonsense.
starrynytes (OP)

User ID: 1184670
United States
12/31/2010 01:57 PM

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Re: Does anyone know how much OT a person can work be4 you lose it to TAXES?
A better question to ask would be, "what better things could I have done with that time that I can never get back, if I hadn't chosen to whore my life away to some job, all for some worthless ugly pieces of paper?"

===============
EASY THERE NEWLY AWAKEN ONE...THIS PERSON IS IN THE FIRST STAGES OF WAKING UP ....QUESTIONING....THERE IS MUCH HE/SHE WILL DISCOVER AS YOU DID....

BE KIND TO THEM ...AS THE TRUTH IS HARD ENOUGH ON THEM.

ANSWER THEIR QUESTIONS AND GENTLY NUDGED THEM TOWARD THE BIG PICTURE...

OP...increase your dependent number to 10 on your Withholding form and get all the money all the time ...settle up at the end of the year....

by the way OP ..think about working for yourself...corporate taxes and write off are much than for individual taxpayers..
250 plus deductions as opposed to 5 or 6 for individuals...plus 15% corporate tax on PROFITS,not gross...as opposed to 30-35% on gross for individuals...l may be a little off in these numbers ..l'm sure another will correct me ..but you get the idea.

START YOUR OWN BUSINESS..GOOD LUCK ...HAPPY NEW YEAR.....
 Quoting: BE KIND ..UNWIND 1199360





Thank you so much for your kind words, I have thought about starting my own business. I am a nurse of 17 yrs, have done it all, seen it all. I am going to try to be a legal nurse consultant, set my own hours and my own charges. I start in the spring for my certification.

I do realize what you and others are saying about "waking up" but for now I have to follow this path until I manage to get out of it. Life is too short to work until you are sick- too sick to enjoy it- Don't want to go there-

Thank you again and Happy New Year to you and everyone who has replied. Yes, you too trollers, etc.

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