Originally Posted by
Nightvisionary
I have been looking for part time jobs to pay down some bills. Lately I have had a opportunity to make some really easy overtime money working evenings and 12-13 hour shifts on my days off. I had 40 hours OT on my last check and some 80 hour weeks coming up. I know the common wisdom has been anything over 16 hours a week gets taxed heavily but after doing a bit of research I am not sure how true that is. From what I read today OT is not taxed any different than straight time. With the new tax rate I will be at 22% regardless and my OT rate is about 2X what I could expect from a part time job so I figure I should grab it while it's available. Am I missing something?
Want to make more money? Figure out what you spend most of your money on, pull an EIN and start a sideline business where everything you buy and most household / office purchases become deductible. You will probably double your tax refund simply by claiming back most of your FICA which was your money to begin with. You can either spend it on your sideline business or let the government keep it.
It's hard to be a ACLU hating, philosophically Libertarian, socially liberal, fiscally conservative, scientifically grounded, agnostic, porn admiring gun owner who believes in self determination.
Chuck, we miss ya man.
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