How appropriate it is that this rule regarding overtime shall go into action on Labor Day weekend. I suggest you study these new regulations, because between you and me and the sign post, I have never seen a regulation that benefits the tax paying citizen. Government will muddy the waters until you throw your hands up and say,”what’s the use”? Click on the link to see other adjustments.
In May 2016, President Obama announced the Final Rule updating overtime laws, a change that will affect more than 4 million American workers over the next year. The Final Rule focuses on changing salary and compensation levels for executive, administrative and professional workers to be exempt from overtime pay, defined as one and a half times your normal hourly rate for all hours worked beyond 40 in a regular work week.With this change, workers will need to earn a minimum of $47,476 per year, or $913 per week, to be exempt from overtime pay, effective Dec. 1, 2016. Compare this to the current $23,660 per year, or $455 per week, salary minimum that was set in 2004.
I want to give you the 10 cities most likely to live pay check to pay check and they are in ascending order to #1; Connecticut, Massachusetts, Rhode Island, New Jersey, Nevada, Florida, Alaska, New York, California with the winner Hawaii being the worst, because of the already high cost of living there. I can understand Nevada, Florida and Hawaii being they are service industry oriented, but all the others except for Alaska are liberal states run by liberals, with astronomical tax rates. As the election process continues stay aware of who is going to do more for you: not the migrants, not the dead beats, not the welfare cheats. The well is running dry my friends, think of yourselves. What do you think?