I'm wondering how many of you all lose 35-45% of your overtime pay to taxes. I'm not exactly tax savvy but I have been learning over the weeks that picking up extra shifts is actually not worth it Bc majority of your overtime pay goes to taxes. I am so angry by this tidbit!! The example I've read is:
A nurse makes 20$ an hour and is offered OT, Only after taxes OT Ends up being 18$ an hour not time and a half----another perspective? Three hours goes to taxes.
Tell me, how many of you don't even bother with overtime because of this? I know that it also depends on the state you work.
I've heard that after 2001$ biweekly taxes eat your pay.
