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Elliot´s Trackside Diner - May 2014 Edition
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<p>[quote user="galaxy"]Because OT DOES throw you into another {higher} tax bracket, you get less pay effectively.[/quote]</p> <p>Galaxy - no one who is still in command of all of his/her senses, would ever work overtime nor thrive to get a better paid job, if that were to be true.</p> <p>I think you are right and wrong at the same time. I think you will still have more money on hand, if you work overtime, yet your <span style="text-decoration:underline;">average</span> hourly rate after taxes goes down - see that little table:</p> <p> </p> <table border="0" frame="VOID" rules="NONE" cellspacing="0"><colgroup><col width="41" /><col width="41" /><col width="45" /><col width="65" /><col width="58" /><col width="60" /><col width="65" /><col width="80" /></colgroup> <tbody> <tr> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#000080" width="41" height="17"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#000080" width="41"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#000080" width="45"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#000080" width="65"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#000080" width="58"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#000080" width="60"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#000080" width="65"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#000080" width="80"><span style="color:#ffffff;"> </span></td> </tr> <tr> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#4D4D4D" height="17"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">Time</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">Rate</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">Earnings</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">Tax</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">Tax</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">Earnings</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#CCCCCC"><span style="color:#000000;">Earnings</span></td> </tr> <tr> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#4D4D4D" height="17"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">hrs.</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">$/hr.</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">$</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> %</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">$</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;">net</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#CCCCCC"><span style="color:#000000;">Average/hr.</span></td> </tr> <tr> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#4D4D4D" height="17"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#CCCCCC"><span style="color:#000000;"> </span></td> </tr> <tr> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#4D4D4D" height="17"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">40</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">$9,50</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">380,00 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">20,00%</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">76,00 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">304,00 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#CCCCCC"><span style="color:#000000;">7,60 €</span></td> </tr> <tr> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#4D4D4D" height="17"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">15</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">9,50 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">142,50 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">25,00%</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">35,63 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#FFFFFF"><span style="color:#000000;">106,88 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#CCCCCC"><span style="color:#000000;">7,13 €</span></td> </tr> <tr> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#4D4D4D" height="17"><span style="color:#ffffff;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#FFFFFF"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#CCCCCC"><span style="color:#000000;"> </span></td> </tr> <tr> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#4D4D4D" height="17"><span style="color:#ffffff;">Total</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#CCCCCC"><span style="color:#000000;">55</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#CCCCCC"><span style="color:#000000;">9,50 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#CCCCCC"><span style="color:#000000;">522,50 €</span></td> <td style="border:1px solid #000000;" align="LEFT" bgcolor="#CCCCCC"><span style="color:#000000;"> </span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#CCCCCC"><span style="color:#000000;">111,63 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#CCCCCC"><span style="color:#000000;">410,88 €</span></td> <td style="border:1px solid #000000;" align="RIGHT" bgcolor="#CCCCCC"><span style="color:#000000;">7,47 €</span></td> </tr> </tbody> </table> <p> </p>
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