racer254 Posted December 16, 2023 Share Posted December 16, 2023 And democrats are against it. Quote Link to comment Share on other sites More sharing options...
racer254 Posted December 16, 2023 Author Share Posted December 16, 2023 https://www.wispolitics.com/2023/rep-gustafson-introduces-legislation-for-tax-exemption-on-overtime-hours-and-bonuses/ Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 16, 2023 Platinum Contributing Member Share Posted December 16, 2023 4 minutes ago, racer254 said: And democrats are against it. Do you have a link to their opposition? Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted December 16, 2023 Share Posted December 16, 2023 Wisconsin Republican lawmakers have approved two income tax cuts for the state, but Gov. Tony Evers vetoed the first and is promising to veto the next as well. Budget reformers pitch tax-free overtime in Wisconsin By Benjamin Yount | The Center Square contributor (The Center Square) – The latest tax reform plan at the Wisconsin Capitol doesn’t include everyone, but budget reformers say it’s a start. The Institute for Reforming Government on Wednesday introduced a plan that would make overtime essentially tax free. IRG’s plan would eliminate income tax on overtime wages and bonuses up to $2,500. “In practice, workers would not pay income taxes on wages earned for any work in excess of 40 hours during a work week. Families will have more money in their pockets to deal with the rising prices of necessities like gas, energy, and groceries. This will also provide an incentive for workers to help fill Wisconsin’s worker shortage,” the Institute said in a release. IRG’s Alex Ignatowski told The Center Square the idea is not just to help working families but to restart the conversation about tax reform in Wisconsin. “We need to continue the discussion on tax reform and concepts like this will help do that. The governor wants to see something that will help workers and there's no way to argue that this bill does not do just that,” Ignatowski said. Workers who earn overtime, obviously, will benefit the most from the plan. Ignatowski admits that means some workers in the state won’t see any tax breaks from the plan. “It includes small bonuses, so some salaried employees would be included. But yes, it definitely leaves some people out. We'd like to fully eliminate income tax in Wisconsin, but given the current environment in Madison, we hope this is a compromise that can gather consensus. It could also be packaged with the retirement tax elimination bill,” he added. Alabama has a similar piece of legislation that’ll take effect next year. But that plan will only last until mid-2025. North Carolina is currently considering similar legislation. IRG has been pushing for sweeping tax reform in Wisconsin for a while, including a pitch earlier this year to move Wisconsin to a flat tax. Wisconsin Republican lawmakers have approved two income tax cuts for the state, but Gov. Tony Evers vetoed the first and is promising to veto the next as well. Quote Link to comment Share on other sites More sharing options...
F3600 Posted December 16, 2023 Share Posted December 16, 2023 Overtime and bonus up to $2500, certainly not benefiting the rich, wonder what their issue is? Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted December 16, 2023 Share Posted December 16, 2023 (edited) How about MN legislators (They are mostly all D’s) wanting to tax your already taxed rebate checks? Another certainly not benefiting the rich since nobody making more than $75k got a rebate. Edited December 16, 2023 by Mag6240 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 16, 2023 Share Posted December 16, 2023 How do they propose to pay for it? 1 Quote Link to comment Share on other sites More sharing options...
Cat45 Posted December 16, 2023 Share Posted December 16, 2023 41 minutes ago, Mainecat said: How do they propose to pay for it? Pay for what? Letting you keep your own money? 3 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 16, 2023 Platinum Contributing Member Share Posted December 16, 2023 Looks like it’s being proposed….hasn’t been brought to the floor as a bill. Two of WI finest cult members are insinuating it’s been vetoed…. If I’m wrong - show me where Evers vetoed and Dems opposed said legislation for OT and up to $2500 bonuses. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 16, 2023 Share Posted December 16, 2023 39 minutes ago, Cat45 said: Pay for what? Letting you keep your own money? You do realize the state needs to replace the lost revenue right? Will this lead to higher real estate taxes, sales taxes for all residents? The employees that don’t work overtime will have to all pay for this. Quote Link to comment Share on other sites More sharing options...
Cat45 Posted December 16, 2023 Share Posted December 16, 2023 6 minutes ago, Mainecat said: You do realize the state needs to replace the lost revenue right? Will this lead to higher real estate taxes, sales taxes for all residents? The employees that don’t work overtime will have to all pay for this. When I used to punch a clock, overtime was never a guarantee, changed day to day, week to week. If the state doesn't plan on receiving that money when doing the budget why do they need to worry about replacing lost revenue? It would impact the people earning it more than the state not receiveing it. Not too mention if they have more money to spend the state will collect more sales tax. Seems like a win all around. I can't see how either party could be against this unless they just want more money to waste. Quote Link to comment Share on other sites More sharing options...
Doug Posted December 16, 2023 Share Posted December 16, 2023 46 minutes ago, Mainecat said: You do realize the state needs to replace the lost revenue right? Will this lead to higher real estate taxes, sales taxes for all residents? The employees that don’t work overtime will have to all pay for this. Don't spend tax payers money in stupid ways. A $500 million public funding plan for long-term renovations and improvements at American Family Field is now state law − with Gov. Tony Evers signing the legislation Tuesday. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 17, 2023 Share Posted December 17, 2023 5 hours ago, Cat45 said: Pay for what? Letting you keep your own money? How the mind of a Democrat thinks…. 2 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 17, 2023 Platinum Contributing Member Share Posted December 17, 2023 4 hours ago, Doug said: Don't spend tax payers money in stupid ways. A $500 million public funding plan for long-term renovations and improvements at American Family Field is now state law − with Gov. Tony Evers signing the legislation Tuesday. You’re clueless. Stay in your lane Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 17, 2023 Share Posted December 17, 2023 Seems the repubs have no clue how to fund this giveaway. I’m not surprised. Quote Link to comment Share on other sites More sharing options...
Rod Posted December 17, 2023 Share Posted December 17, 2023 Lol the fascist left has always hated the middle class Quote Link to comment Share on other sites More sharing options...
akvanden Posted December 17, 2023 Share Posted December 17, 2023 19 hours ago, Cat45 said: If the state doesn't plan on receiving that money when doing the budget why do they need to worry about replacing lost revenue? But they have been receiving it. If they’ve been getting $20M per year, for example, it would be in their future outlooks and would have to be made up for if no longer collecting on it. I don’t think it’s a bad idea though, as this would be a tax cut for most likely for blue collar workers. Quote Link to comment Share on other sites More sharing options...
Snake Posted December 17, 2023 Share Posted December 17, 2023 19 hours ago, Mainecat said: You do realize the state needs to replace the lost revenue right? Will this lead to higher real estate taxes, sales taxes for all residents? The employees that don’t work overtime will have to all pay for this. Lose some of the deductions that front office people get to claim for the company. Ever seen an hourly get to write off a 'working lunch'...? Fucking elitist piece of shit. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 17, 2023 Platinum Contributing Member Share Posted December 17, 2023 5 minutes ago, Snake said: Lose some of the deductions that front office people get to claim for the company. Ever seen an hourly get to write off a 'working lunch'...? Fucking elitist piece of shit. You’re a great example of Repug useful idiot Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 17, 2023 Share Posted December 17, 2023 4 minutes ago, SnowRider said: You’re a great example of Repug useful idiot Tell us why so many states and municipalities trip over themselves to have sports franchises build stadiums in their locales. Quote Link to comment Share on other sites More sharing options...
Cat45 Posted December 17, 2023 Share Posted December 17, 2023 20 minutes ago, akvanden said: But they have been receiving it. If they’ve been getting $20M per year, for example, it would be in their future outlooks and would have to be made up for if no longer collecting on it. I don’t think it’s a bad idea though, as this would be a tax cut for most likely for blue collar workers. Maybe it's different in other industries but what I'm used to, ot was random. Some years you had alot some very little. Seems it would be hard to plan for that type of income on a state level. It has no affect on me, but It seems like the benefit would out weigh the cost any way you look at it. Quote Link to comment Share on other sites More sharing options...
Snake Posted December 17, 2023 Share Posted December 17, 2023 1 minute ago, Cat45 said: Maybe it's different in other industries but what I'm used to, ot was random. Some years you had alot some very little. Seems it would be hard to plan for that type of income on a state level. It has no affect on me, but It seems like the benefit would out weigh the cost any way you look at it. If it were your money... but no, it's the government's money. 1 Quote Link to comment Share on other sites More sharing options...
Rod Posted December 17, 2023 Share Posted December 17, 2023 1 hour ago, Snake said: Lose some of the deductions that front office people get to claim for the company. Ever seen an hourly get to write off a 'working lunch'...? Fucking elitist piece of shit. Who is it that values the needs of the state over the needs of the individual again…? oh yeah! Fascists! Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 17, 2023 Share Posted December 17, 2023 Notice how fast the Neanderthals change the narrative. Quote Link to comment Share on other sites More sharing options...
01mxz800 Posted December 17, 2023 Share Posted December 17, 2023 1 hour ago, Mainecat said: Notice how fast the Neanderthals change the narrative. you and transgenderrider are neck and neck on the sites biggest dumbfucks Quote Link to comment Share on other sites More sharing options...
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