BBB - taxes on overtime

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zubs

zubs

Well-known member
I was thinking about the bill that just got signed into law on JULY 4.
There is now "no tax" on overtime. It has a cap as follows:
Single $12,500
Married $25,000
Also one can not make over $300,000 as a couple filing.

Since I own my own company, and pay myself, can I call $25,000 of my pay overtime?

So I would be saving as follows:
$25,000 * 24% = $6,000 from the US Treasury.

I can also do this for my employees so they can save on taxes.
 
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Say I pay myself $200,000/year.
I would change my pay to $175,000/year and add $25,000 overtime.

The owner of a company is always working. Whether he's posting on TI or laying out on the beach. He's always thinking about his company...so that's work right? LOL. It's like elon posting on twitter all day long...it's work man.
 
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