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Reply to "Taxes on bonuses"
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[quote=Anonymous]As an accountant I always love when people who don't know what they are talking about spew non sense about taxes. Other people have said it already, but bonuses are WITHHELD at a higher rate not TAXED at a higher rate. The words have 2 different meanings. Come tax time the IRS treats regular income and bonuses as ordinary W2 income and is taxed at the same rate. [/quote]
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