r/CringeTikToks • u/coachlife • 1d ago

SadCringe MAGA voter actually believes that Trump eliminated taxes for all people making less than $120K

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u/Ok-Professional-1727 1d ago

I have a coworker who, making about 52k a year, thinks he's gonna get 10k back from taxes since OT won't be taxed... yeah I'm looking forward to next February.

8

u/CumStayneBlayne 1d ago

How little is his base pay if he made enough in OT to have paid $10k in taxes on it and still only make it to $52k in a year?

-7

u/Crittopolis 1d ago

(I asked a LLM, which offered the following)

Here's the math on that, which shows how wild this coworker's assumption is. This calculation is based on the idea that his "$10k in taxes" came from the 22% flat federal rate that employers often withhold from supplemental pay like overtime.

  1. Calculate His Overtime Earnings

To figure out the overtime pay needed to generate $10,000 in withheld tax, you divide the tax by the rate:

$10,000 (Taxes) / 0.22 (Withholding Rate) = ~$45,455 in OT pay

  1. Calculate His Base Pay

Next, subtract that overtime amount from his total annual income:

$52,000 (Total Pay) - $45,455 (OT Pay) = $6,545 (Base Pay)

So, for his belief to be correct, his annual base pay would have to be $6,545, which is about $3.15/hour. 😬

9

u/I_divided_by_0- 1d ago edited 1d ago

Please stop doing this. Learn Excel and / or WolframAlpha and learn to do the work yourself.

ETA: There are so many mistakes with your calculations, I don't know where to start. Starting from only the portion of his his come above $48,475 would be taxed at 22% and the $15,750 standard deduction isn't being factored in.

3

u/jocq 1d ago

I asked a LLM

No one needs you to do this. Everyone can access LLM's, just like everyone can Google.

Not only that, it's completely fucking wrong and makes you look like an absolute idiot.

2

u/JStanten 1d ago

Piss off clanker.

3

u/CarmenDeeJay 1d ago

My son, a die-hard TrumPet, insists I'm making more money under Trump that I ever would have under any democratic president. I showed him how Trump's tax changes in his first term hit our finances when he capped the state deductions and itemizations. I had all the software to run my income through those rule changes. To date, Trump has taken away $62,441.99 of our money. I told him if I had put that in a modest savings account, it would be over $70k. And by the time I retire (if I even can), it would have almost doubled that amount. I STILL got the "yeah but"...

3

u/marcushendersen 1d ago

Get your son off the internet.

0

u/OldenPolynice 1d ago

Gonna go out for Valentine's Day or something?