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Working Hard?
Two related stories about working hard in the U.S.: U.S. workers are granted less (and take less) vacation time than workers in other industrialized nations. And if that wasn't enough, changes to the overtime laws will eliminate overtime pay for many workers.
Actually, the OT changes will benefit most Wal-Mart employees.
Under the current rules, any employee making more than $155 a week -- about $8,000 per year -- could be excluded from overtime...The good news is that the regulations would raise that cut-off amount to $425 a week -- about $22,100 per year -- actually adding about 1.3 million lower-wage workers to the ranks of people eligible for overtime."
The changes also make it harder for executives and those who make $65,000+ a year to claim overtime. Unfortunately, the majority of OT losses will come from "learned professionals", which could easily include computer techies.
Amazing! This is the direct opposite to the EU, where the employers power to demand you worked more than 40 hours, were stripped several years ago. I remember being asked by a former employer to sign a waver to allow me to work more than 40 hours if necessary. Naturally, guaranteed overtime was part of the deal.
Macka (UK).
Email them while you can. Or fax them at this number (202) 693-1432.
If you work in the IT industry at all, this promises to remove any right you have to overtime pay.
You need to consider that the US compiles its unemployment statistics very differently than these countries. For instance, they consider those who don't receive unemployment checks any more as people who have stopped looking. Even though they don't have a job and are still looking for work, they aren't counted. The US is probably at least close if not above the 10% unemployment mark but there is no way to know.
<a href="http://www.joblessjimmy.com">Work is dumb and so is Jobless Jimmy.</a>
Wow, just wow. WHO modded this up and WHERE did you learn math? You do know that what you are actually saying is 257 of 78 job right, at least by your math.
I mean, you didn't even do it quickly in your head before you posted? It didn't even occur to you that 78 is kinda close to 80 and that 257 is kinda close to 240 and that 80 out of 240 is 33% and that its WAAAAY different than 3.3%?
Where do you work?
When you have more money to spend you can find more tax loopholes, so you pay less tax per dollar earned.
You are talking out of your ass. Lets look at the real numbers, ok?
In 2001, the average tax burdon as a % of income for all tax returns was 16.1%. Here are some examples to see how that breaks down:
- People that made between $19k-$22k/year paid 7.6% in taxes
- People that made between $40k-$50k/year paid 10% in taxes
- People that made between $100k-$200k/year paid 17.3% in taxes
- People that made between $1.0M-$1.5M/year paid 29.2% in taxes
What do you know- the more money you make, the higher your tax burdon is. In fact, the richest 1% of taxpayers account for about 20% of all income, but they pay over 37% of all income taxes in this country (Source).
In fact, most people who make really excessive amounts of money per year pay less taxes per dollar than those in lower tax brackets as a result.
Wrong. The highest income group (people that made over $10M in 2001) paid about 25.4%. Compare that with the 2.0% paid by the lowest income level.
The next time Daschle is on TV whining about the "tax cuts for the rich", keep these numbers in mind...
"The defense of freedom requires the advance of freedom" - George W Bush