#federal minimum wage

[ericahall123]

This guide provides employers with a comprehensive roadmap for maintaining compliance with FLSA requirements, including required wage and hour regulations. Minimum wage update Overtime policy and recordkeeping requirements for 2024-2025 continue to be compliant and support fair and accurate employee compensation practices.

[itsjessnyc]

Gm 🌞 if you are interested in sharing your work stories , I will give you the contact info to reach out . I'm working with a non profit to help fight for One Fair Wage for everyone , esp BOH!!! BOH means back of house staff; line workers, porters, dishwashers, runners and bussers.

Did you know that our work industry goes back to slavery??!

Did you know the federal minimum wage is $2.13 an hour -- we are lucky here in NYC but not everyone in the USA gets the NYC and DC $15 / hour , let's help fight for everyone's pay equality and safe work environments.

If you have questions or want to reach out to me directly email me itsjessnyc@gmail.com

[filosofablogger]

Some Of The Smartest Words I've Heard All Year!

Our friend Annie is still on Twitter (I dropped out shortly after Elon Musk took over, and I refuse to refer to it by its new name — to me it is and will remain, Twitter) and I’m glad she is, because today she shares a thread by another tweeter that … WOW … just WOW!  He is so spot on and his words need to be heard by one and all!  Thank you, Annie, for sharing this excellent thread! Help Spread…

[kadextra]

love that some admins returned to the server to play faceless workers who eat chicken sandwiches on break and use awful pickaxes to slowly clean up the federation builds. the drugged president danced with them, q!tubbo got attached to one who started speaking in code to him, and q!badboyhalo kidnapped another to interrogate in his murder basement

[captainjonnitkessler]

what do you people think the president's powers are

[dawnthefluffyduck]

I drew this explanation post for why I was completely inactive for a week, but then felt too anxious and drained to post it, and subsequently disappeared for a second week

Two main blog drawings and one side blog wip later, I remembered I made this and still think it's funny, so even though I stopped being dead (TM) I still wanted to share lol

Brief series of events at work

^^^old, but I'm still taking it easy so posts on both this blog and my alt will continue to be scattered for now

[somethingusefulfromflorida]

Members of congress and the president should earn minimum wage. Federal minimum wage, $7.25 per hour. 40 hours a week, 52 weeks a year, that comes out to $15,080 before taxes. If we're SUPER generous and say that they're on the clock 24 hours a day, 365 days a year (ignoring recesses and holidays) that's $63,510 annually, which works out to over $30 per hour for a regular employee, and about a third of what the rank and file members currently make (a quarter of what the Speaker and VP make)

Oh, but "working" 168 hours a week means they earn 128 hours of overtime, which is paid time and a half, so that boosts them up to $87,464 per year, which is about half what they currently earn and over $20,000 more than the median household income,two fulltime non-minimum wage earners filing jointly.

$87.5k represents the absolute maximum, but how much work do they actually do?

Let's call it 150 days. If we're generous again and say they work 24 hours each day, that's 3,600 hours for a total of $26,100 per year (excluding ovettime). Regular full time is 40 hours a week, 52 weeks a year, that's 2,080 hours, so they'd still get 1,520 hours of overtime for a total of $31,610 assuming they are on the floor at all times and never eat or sleep when in session. There is no good reason they should be earning hundreds of thousands of dollars per year when their constiuents struggle to make ends meet. $31.6k is more than I made at my last job where I earned $15 per hour.

[coldasyou]

ohio next..... pls

[sylvilagus-audubonii]

words cannot describe how deeply unmotivated i am for my job interview today

[cherryblossomshadow]

No (Federal) Taxes on Tips

No Tax on Tips by the Daily Show ft Desi Lydic

Desi Lydic: It's weird he's even talking about sending teachers to the gulag, because Trump has more popular policies, like his proposal to end taxes on tips, which is so popular that Kamala Harris now says that SHE supports it. And Trump is not happy about that … Look, to be fair, Kamala did copy Trump's no tax on tips idea,

which would make it the first time in history that a woman got credit for repeating a man's idea.

We did it, girls. And she didn't stop there. Kamala also completely ripped off his idea to lead in the polls by 3 points against a rapidly deteriorating candidate. That was his thing. That was his thing.

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Harris v. Trump on Taxing Tips by Robert Reich

Kamala Harris, Saturday, in Las Vegas: Raise the minimum wage. And eliminate taxes on tips for service and hospitality workers Donald Trump, at Mar-A-Lago: We’re gonna have no tax on tips. Very simple

Ali Velshi from MSNBC: The Trump plan sounds like it's for regular people, but it could easily be a backdoor way to give big tax breaks to rich people who can reclassify their commission income as tips

Robert Reich: You betcha. In fact, we are going to see all kinds of things reclassified as tips. You can bet that private equity managers and hedge fund managers, who are now in the seven or eight digit classification, suddenly a lot of what they earn will become tips. At least under Donald Trump's proposal, because it's not — there are no guardrails. There's no limits to who can declare what as tips Ali Velshi from MSNBC: The key difference in Kamala Harris’ no taxes on tips proposal is that it's only for service and hospitality workers RR: I think it could be helpful if combined, as Kamala Harris wants to do, with a minimum wage hike. And also limit it so that Wall Street commission professionals can't sort of reclassify their income as tips. By the way, let me just say one further thing about this, and that is that the Labor Department under Donald Trump DID change the regulations to allow employers to take the tipped incomes of their employees and use it for their profits.. I mean, it's quite rich that Donald Trump has jumped on this one

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Americans For Tax Fairness (@/4TaxFairness)

"No taxes on tips" isn't the win you think it is. Most tipped workers wouldn't get much of a tax cut at all. But you know who would? Corporations that employ tipped workers and the wealthy who can relabel their income as "tips" at will. Pass.

(Title of the above image is Table 1: The No Tax on Tips Act would provide no or paltry tax cuts to many tipped employees – far less than restoring American Rescue Plan tax credits)

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Robert Reich (@/RBReich) quote-retweeted with:

Trump keeps touting plans to not tax tips. But estimates show that a majority of tipped workers wouldn't benefit.  Who would benefit? Big earners like hedge fund managers who could convert their fees into "tips" and get big tax breaks. It's another Trump tax scam.

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Why Trump's and Harris' proposals to end federal taxes on tips would be difficult to enact

By Dee-Ann Durbin | The Associated Press

Quotes:

Former President Donald Trump and Vice President Kamala Harris agree on one thing, at least: Both say they want to eliminate federal taxes on workers’ tips.

But experts say there’s a reason Congress hasn’t made such a change already. It would be complicated, not to mention enormously costly to the federal government, to enact. It would encourage many higher-paid workers to restructure their compensation to classify some of it as “tips” and thereby avoid taxes. And, in the end, it likely wouldn’t help millions of low-income workers.

“There’s no way that it wouldn’t be a mess,” said James Hines Jr., a professor of law and economics and the research director of the Office of Tax Policy Research at the University of Michigan’s Ross School of Business.

Both candidates unveiled their plans in Nevada, a state with one of the highest concentrations of tipped service workers in the country. Trump announced a proposal to exclude tips from federal taxes on June 9. Harris announced a similar proposal on Aug. 10.

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Harris’ campaign has said she would work with Congress to draft a proposal that would include an income limit and other provisions to prevent abuses by wealthy individuals who might seek to structure their compensation to classify certain fees as tips.

Her campaign said these requirements, which it did not specify, would be intended “to prevent hedge fund managers and lawyers from structuring their compensation in ways to try to take advantage of the policy.” Trump's campaign has not said whether its proposal would include any such requirements.

Even so, Hines suggested that millions of workers — not just wealthy ones — would seek to change their compensation to include tips, and could even do so legally. For example, he said, a company might set up a separate entity that would reward its employees with tips instead of year-end bonuses.

“You will have taxpayers pushing their attorneys to try to characterize their wage and salary income as tips,” Hines said. “And some would be successful, inevitably, because it’s impossible to write foolproof rules that will cover every situation."

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Though supporters say the measures are designed to help low-wage workers, many experts say that making tips tax-free would provide only limited help to those workers.

The Budget Lab at Yale, a non-partisan policy research center, estimates that there were 4 million U.S. workers in tipped occupations in 2023. That amounted to about 2.5% of all employees, including restaurant servers and beauticians. Tipped workers tend to be younger, with an average age of 31, and of lower income. The Budget Lab said the median weekly pay for tipped workers in 2023 was $538, compared with roughly $1,000 for non-tipped workers.

As a result, many tipped workers already bear a lower income-tax burden. In 2022, 37% of tipped workers had incomes low enough that they paid no federal income tax at all, The Budget Lab said.

“If the issue is you’re concerned about low-income taxpayers, there are a lot better ways to address that problem, like expanding the Earned Income Tax Credit or changing tax rates or changing deductions,” Hines said.

In her speech in Nevada, Harris also called for raising the federal minimum wage. (The platform on Trump’s campaign site doesn’t mention the minimum wage.)

Changing federal tax policy on tips would also be costly. The Committee for a Responsible Federal Budget, a non-partisan group, estimates that exempting all tip income from federal income and payroll taxes would reduce revenue by $150 billion to $250 billion between 2026 and 2035. And it said that amount could rise significantly if the policy changed behavior and more people declared tip income.

Whether Trump or Harris wins the presidential election, tax policy will be high on Congress’ agenda in 2025. That’s because Trump-era tax cuts, passed in 2017, are set to expire. But Hines said he thinks Congress will be in no hurry to add “vast amounts of complexity” to the tax code.

“A presidential candidate can say whatever they want, but it's the House and Senate that have to do it,” he said.

[ericahall123]

2024-2025 Wage & Hour Roadmap: Your Guide to FLSA Compliance

The Wage and Hour Division of the Department of Labor is responsible for enforcing the provisions of the FLSA. The Fair Labor Standards Act (FLSA), commonly referred to as the Wage and Hour Act, was passed in 1938 and since then has been amended many times. The major provisions of the FLSA are concerned with minimum wage rates and overtime payments, child labor, and equal rights. The US Department of Labor, Wage & Hour Division, oversees federal labor law. Additionally, State DOLs administer state labor laws. It’s important to note that individual states may set higher rates, and the minimum wage in all states varies significantly. Failure to comply with Wage & Hour laws may result in the employer paying the employee back wages, damages, penalties, attorney fees and court costs, plus the prospect of civil and criminal penalties from federal and/or state governments. Therefore, Wage & Hour compliance is of the utmost importance.

This webinar will serve as your comprehensive guide to navigating FLSA compliance and ensuring you are informed about the latest developments in Wage & Hour laws. Apart from that, she will also cover the requirement offederal minimum wage and the change in overtime rule.

SESSION HIGHLIGHTS:

What is the Fair Labor Standards Act?

Changes to salary levels in 2024 (Overtime thresholds)

DOL’s final ruling on independent contractor classification effective 3/11/2024

Federal & State minimum wage proposals

Tests used to determine if an employee is exempt from FLSA

Importance of determining the primary duty of a job

The six FLSA exemptions

Exempt vs. Non-Exempt status

Salary Level and Salary Basis tests

Determining when to pay overtime

Calculating overtime pay

Minimum wage provisions under FLSA

Equal pay provisions under FLSA

Child labor regulations

Recordkeeping requirements

Repercussions of FLSA non-compliance

Why You Should Attend:

This webinar will lay the groundwork for determining whether your employees are properly classified as Exempt or Non-exempt and ensuring that wage and hour laws are being followed properly. Additionally, recent changes to the overtime thresholds will be discussed as these changes that took effect on July 1, 2024.

Who Should Attend:

Human Resources Professionals

Compensation Professionals

Compliance professionals

Managers & Supervisors

Employees

During the Q&A session following the live event, ask a question, and get a direct response from our expert speaker.

Important Notice for our “Live” Attendees: If you have enrolled in the “Live Webinar”, you will get your instruction kit before 24 hours of the live class.

For Recorded and E-transcript Participants: If you have signed up for the “Recorded” class or for the “E-transcript”, you will get access to the “Recording link” or the “PDF” within 24-48 hours of the live class.

[kamomie]

OKAy first of all, Bad really just did that omg

Second, if anyone is in the mood for a good cathartic ugly cry, listen to Goodbye may seem forever from Fox and the Hound and think about the eggs :)

[what-even-is-sleep]

Exhausted exhausted but ya boi just won $500 dollars ayooo

[filosofablogger]

Our Own Worst Enemy

The Republicans say we cannot afford to continue some of our programs.  They’ve even tossed about the idea of cutting Social Security and Medicare benefits, but quickly backtracked when their own constituents started raising ten kinds of hell.  Now they are focusing on cutting environmental regulations, public health (such as CDC), education, job training, rental housing assistance, and economic…

[nando161mando]

Why hasn't the Federal Minimum Wage been raised in 15 years?

[ivygorgon]

An open letter to the U.S. Congress

Co-sponsor the American Stability Act to end income inequality!

624 so far! Help us get to 1,000 signers!

As your constituent, I am urging you to co-sponsor the American Stability Act (ASA). The American Stability Act is a bold, elegant solution to the threat posed by destabilizing levels of inequality.

The American Stability Act does the following:

-ELIMINATES FEDERAL TAXES for any taxpayer making less than the median cost of living for a single adult with no children (slightly above $40,000 a year);

-SHIFTS the responsibility for these revenues onto taxpayers making more than $1 million a year;

-REPLACES the ‘minimum’ wage with a new “Stability Wage,” which is set to the median cost of living in the US for a single adult with no children, and then indexes it to make that principle permanent.

We need bold, innovative reform. Lawmakers like you must structure a more stable, prosperous economy that will deliver the results we need for a strong nation.

▶ Created on October 28 by Jess Craven · 623 signers in the past 7 days

📱 Text SIGN PVBLPU to 50409

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