Anonymous
12/09/2016 18:37
Subject: Tell me about your Chirstmas Bonus
No holiday bonuses for us, DH gets performance bonuses throughout the year.
Anonymous
12/09/2016 18:26
Subject: Tell me about your Chirstmas Bonus
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
12/09/2016 18:19
Subject: Re:Tell me about your Chirstmas Bonus
I work at a small nonprofit and bonuses are not a thing.
Anonymous
12/09/2016 17:59
Subject: Tell me about your Chirstmas Bonus
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
12/09/2016 17:49
Subject: Tell me about your Chirstmas Bonus
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
12/09/2016 17:47
Subject: Tell me about your Chirstmas Bonus
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
12/09/2016 17:43
Subject: Tell me about your Chirstmas Bonus
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
12/09/2016 16:40
Subject: Tell me about your Chirstmas Bonus
$17k. Very happy and this is about $5k more than expected. They said I did well this year!
Anonymous
12/09/2016 16:35
Subject: Tell me about your Chirstmas Bonus
Anonymous wrote:I work for myself. Gave myself a bonus of $0.
+1
Anonymous
12/09/2016 16:33
Subject: Tell me about your Chirstmas Bonus
Bonuses get super taxed
Anonymous
12/09/2016 16:30
Subject: Tell me about your Chirstmas Bonus
Anonymous wrote:I just want to live vicariously through you.
So, what did you get?
$100k and a dictionary.
Anonymous
12/09/2016 16:13
Subject: Tell me about your Chirstmas Bonus
I work for myself. Gave myself a bonus of $0.
Anonymous
12/09/2016 16:05
Subject: Tell me about your Chirstmas Bonus
30k is my target, I'll find out what it is really in March. It's part of my compensation.
Anonymous
12/09/2016 15:59
Subject: Tell me about your Chirstmas Bonus
Zero bonuses, zero benefits. Ever. The joys of working for a small business.
Anonymous
12/09/2016 15:43
Subject: Re:Tell me about your Chirstmas Bonus
$2400
The big one comes in March.
The big one comes in March.