Yeah, this is just another incredibly stupid idea born from the mind of a person who has no fucking clue how anything really works. But it sounds good on the surface to people who work hourly jobs (and fuck all to those who are salaried right?).
“From a tax policy perspective, there is no principled reason to treat income derived from overtime work any differently than income earned from a taxpayer’s first 40 hours of work. For FLSA non-exempt and hourly employees, employers must pay 1.5 times the regular rate for any hours worked over 40 in a workweek. Overtime pay is totaled together with all other income earned for tax purposes, which results in consistent tax treatment across workers. Trump’s proposal, by contrast, levies a “zero tax rate on a completely unprincipled definition of income,” as former Congressional Budget Office director Doug Holtz-Eakin put it.” — https://taxfoundation.org/blog/trump-overtime-tax-exemption/
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