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