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You might be confusing the calculation of the deductible overtime pay with the amount of the deduction. For example, if you earn an hourly wage of $100 an hour and you get time and a half for overtime you would get paid $150 an hour. Your deductible portion is $50 which is 1/3 of $150.
That's not no-tax-on-overtime.
By allowing only 1/3 of overtime to be deducted, the party in power is playing us for fools, and we let them get away with it.
For Federal taxes which party voted to keep 100% of overtime taxed (and tips, too?) It's always good to get some tax cut.
BY the time Trump leaves, the deficit will be 45 Trillion.
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