Tell me about your Chirstmas Bonus

[Anonymous]

$2400

The big one comes in March.

[Anonymous]

Zero bonuses, zero benefits. Ever. The joys of working for a small business.

[Anonymous]

30k is my target, I'll find out what it is really in March. It's part of my compensation.

[Anonymous]

I work for myself. Gave myself a bonus of $0.

[Anonymous]

Anonymous wrote:I just want to live vicariously through you.

So, what did you get?

$100k and a dictionary.

[Anonymous]

Bonuses get super taxed

[Anonymous]

Anonymous wrote:I work for myself. Gave myself a bonus of $0.

+1

[Anonymous]

$17k. Very happy and this is about $5k more than expected. They said I did well this year!

[Anonymous]

Anonymous wrote:Bonuses get super taxed

No. They don't. They are taxed just like your regular earnings. Because that's what they are. Regular earnings.

[Anonymous]

Anonymous wrote:Nothing. And they changed our holiday party from subway sandwiches to a potluck this year. At least they are combining it with a staff meeting so we only have to stay late one day instead of two?

Oh man. Any time they are trying to save money by doing something cheaper than *subway sandwiches*...that's just a bad sign. I think everyone should refuse to bring a dish out of solidarity and just show up for a no-food meeting. A potluck is employees paying for their own holiday party.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Bonuses get super taxed

No. They don't. They are taxed just like your regular earnings. Because that's what they are. Regular earnings.

Except, they get taxed at your marginal rate, which for many of us if over 40% when you combine federal and state taxes.

So, yes, as previous PP said bonuses get super taxed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bonuses get super taxed

No. They don't. They are taxed just like your regular earnings. Because that's what they are. Regular earnings.

Except, they get taxed at your marginal rate, which for many of us if over 40% when you combine federal and state taxes.

So, yes, as previous PP said bonuses get super taxed.

Every next dollar gets taxed at the highest marginal rate. If, at the end of the day, your taxable income doesn't support the use of that rate, you aren't taxed at that rate.

If you are talking about amounts withheld, that's not a tax. Period. It is withholding. And you may or may not get some of it back.

So no. A bonus is not "super" taxed. It's is taxed exactly like all of your other earnings paid in cash. Exactly.

[Anonymous]

I work at a small nonprofit and bonuses are not a thing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bonuses get super taxed

No. They don't. They are taxed just like your regular earnings. Because that's what they are. Regular earnings.

Except, they get taxed at your marginal rate, which for many of us if over 40% when you combine federal and state taxes.

So, yes, as previous PP said bonuses get super taxed.

Every next dollar gets taxed at the highest marginal rate. If, at the end of the day, your taxable income doesn't support the use of that rate, you aren't taxed at that rate.

If you are talking about amounts withheld, that's not a tax. Period. It is withholding. And you may or may not get some of it back.

So no. A bonus is not "super" taxed. It's is taxed exactly like all of your other earnings paid in cash. Exactly.

NP here. Correct. I am always blown away at how dumb DCUM is when it comes to this concept.

[Anonymous]

No holiday bonuses for us, DH gets performance bonuses throughout the year.