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Reply to "Tell me about your Chirstmas Bonus"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Bonuses get super taxed[/quote] No. They don't. They are taxed just like your regular earnings. Because that's what they are. Regular earnings. [/quote] 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.[/quote] 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. [/quote] The government gets to keep it for a year. Or almost two since they took forever to get me my refund last year. [/quote]
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