Tell me about your Chirstmas Bonus

[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.

The government gets to keep it for a year. Or almost two since they took forever to get me my refund last year.

[Anonymous]

State employee. 0 bonuses and we get 30 minutes to eat our pot luck holiday buffet.

[Anonymous]

Anonymous wrote:

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.

The government gets to keep it for a year. Or almost two since they took forever to get me my refund last year.

Honestly, you seem too dumb to receive a bonus. if you want to keep more of your earnings, including bonus, change your withholdings. This isn't rocket science.

[Anonymous]

Anonymous wrote:Not me, but hubby getting $135K. More than I make in a year deposited into our bank account overnight. Always blows my mind how much lawyers make.

http://abovethelaw.com/2016/12/associate-compensation-scorecard-which-firms-have-announced-bonuses/

I'm in biglaw and my bonus will be about 30k. Blows my mind how small my bonus will be after spending my nights and weekends in the office all year. I guess if I make it 8 years in this hellhole I will one day get a bonus like your DH's, OP!

[Anonymous]

typically ~ 500k. Haven't received this year's yet.

It's not a Christmas bonus, it's just the coincidentally at the same time (end of year) and don't get too jealous because it forms the bulk of my compensation (base of 175k).

[Anonymous]

Anonymous wrote:Bonuses get super taxed

you are dumb

[Anonymous]

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

Same here, both amount and timing.

[Anonymous]

Anonymous wrote:typically ~ 500k. Haven't received this year's yet.

It's not a Christmas bonus, it's just the coincidentally at the same time (end of year) and don't get too jealous because it forms the bulk of my compensation (base of 175k).

LOL

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not me, but hubby getting $135K. More than I make in a year deposited into our bank account overnight. Always blows my mind how much lawyers make.

http://abovethelaw.com/2016/12/associate-compensation-scorecard-which-firms-have-announced-bonuses/

I'm in biglaw and my bonus will be about 30k. Blows my mind how small my bonus will be after spending my nights and weekends in the office all year. I guess if I make it 8 years in this hellhole I will one day get a bonus like your DH's, OP!

WTF?!!!!! You ungrateful person. You do realize your bonus is more than many people earn, and no you do not work harder than many of them.

[Anonymous]

0. Public school teacher. I have gotten two gifts so far though- - mini box of chocolates from one student, and a nice set of wine glasses from another. Laughed when I opened that one. How did you know?!

[Anonymous]

I'm a second year teacher making $41k. A lot of your bonuses are more than I make in a year.

[Anonymous]

state government attorney here. $0 bonus but I am expected to contribute to supports staffs' Christmas gift (cash).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not me, but hubby getting $135K. More than I make in a year deposited into our bank account overnight. Always blows my mind how much lawyers make.

http://abovethelaw.com/2016/12/associate-compensation-scorecard-which-firms-have-announced-bonuses/

I'm in biglaw and my bonus will be about 30k. Blows my mind how small my bonus will be after spending my nights and weekends in the office all year. I guess if I make it 8 years in this hellhole I will one day get a bonus like your DH's, OP!

WTF?!!!!! You ungrateful person. You do realize your bonus is more than many people earn, and no you do not work harder than many of them.

doubt it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

The government gets to keep it for a year. Or almost two since they took forever to get me my refund last year.

Honestly, you seem too dumb to receive a bonus. if you want to keep more of your earnings, including bonus, change your withholdings. This isn't rocket science.

Np. How do you do that without lying?

[Anonymous]

Like most folks on this thread...$0.
The modern workplace is such a sham.