#1
Posted: 12/16/05 at 10:21am
Can someone shed some light on this? I just got my holiday bonus and they took out twice the amount of taxes. Any reason for this?
Why are Bonus' taxed so much?
#2
Posted: 12/16/05 at 10:24am
What are these bonuses of which you speak?
Rest in peace, Iflitifloat.
#3
Posted: 12/16/05 at 10:25am
Lol. My works way of trying to feel better about treating employees like crap the other 364 days a year.
#4
Posted: 12/16/05 at 10:27am
Sounds like your bonus pushed you into a higher tax bracket.
"Fundamentalism means never having to say 'I'm wrong.'"
-- unknown
#5
Posted: 12/16/05 at 10:29am
My (first ever) Christmas bonus wasn't taxed at all. I was surprised because everyone told me that if I got one, the hell would be taxed out of it.
You promised me poems. ~Tricky
#6
Posted: 12/16/05 at 10:29am
You're taxed as if your bonus check was for one weeks (or bi-weekly) pay. Since your bonus is much greater than your weekly salary, you're pushed into a higher tax bracket.
In other words, assume your enormous (i hope) bonus check was merely your weekly salary. You'd be a big shot with lots of taxes to pay.
In other words, assume your enormous (i hope) bonus check was merely your weekly salary. You'd be a big shot with lots of taxes to pay.
'The Devil be hitting me!'--Whitney Houston
Updated On: 12/16/05 at 10:29 AM
#7
Posted: 12/16/05 at 10:30am
Hmmm...Cause my bonus is only about 100 bucks more than my regular paycheck.
#8
Posted: 12/16/05 at 10:32am
Then you should quit! Don't know your specifics or any of the amounts you're referring to, so i can't definitively say.
'The Devil be hitting me!'--Whitney Houston
#9
Posted: 12/16/05 at 10:34am
I'm so quitting!
Hehe.
I had read something that bonus' were taxed at a different rate...
Hehe.
I had read something that bonus' were taxed at a different rate...
#10
Posted: 12/16/05 at 10:35am
Bonus' should be tax free to emploees...the company should pay the tax...after all it's supposed to be a gift for doing a great job all year.
"To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.
Ralph Waldo Emerson
#11
Posted: 12/16/05 at 10:37am
That's what I thought!
Maybe I didn't do a great job...
Maybe I didn't do a great job...
#12
Posted: 12/16/05 at 10:37am
My bonus is usually about $100. (even after 15 years). It's free money, however, so no complaints!
"NOT MY DAUGHTER, YOU BITCH!"
#13
Posted: 12/16/05 at 10:38am
*pulls Boobs head out of the clouds*
I hung out with Cheyenne Jackson in his dressing room waayyyyyy before he tickled D2. "unleash the girly"
Our fingerprints don't fade from the lives we touch.
Puppies are babies in fur coats.
Tinfoil...The Terrorizing Terminator
#14
Posted: 12/16/05 at 10:39am
People--A $100 bonus is at least $2,000 below insult. Where exactly are these crappy bonuses handed out? You all deserve better.
'The Devil be hitting me!'--Whitney Houston
#15
Posted: 12/16/05 at 10:44am
I work at a leading research company that grossed upwards of 100 million bucks last year, while still maintaining a non-profit status.
You'd think they could do better...
You'd think they could do better...
Updated On: 12/16/05 at 10:44 AM
#16
Posted: 12/16/05 at 10:45am
I agree it's a tad low, but it IS a gift---some people don't get anything at all!
"NOT MY DAUGHTER, YOU BITCH!"
#17
Posted: 12/16/05 at 10:46am
When did the definition of bonus read entitlement? Be thankful you got one. Most people do not.
#18
Posted: 12/16/05 at 10:48am
We set our bonuses and raises today for the staff.
There is not a separate tax rate for bonuses. Someone gave you bogus bonus info.
There is not a separate tax rate for bonuses. Someone gave you bogus bonus info.
#19
Posted: 12/16/05 at 10:49am
my bonus for being treated like crap all year is being forced to go to a "holiday party" for three hours with the same yahoos who don't acknowledge anyone "below their level" on a regular basis.
i'd rather have $100.
i'd rather have $100.
XING
PED
PED
#21
Posted: 12/16/05 at 10:50am
I got a nifty planner as a "bonus". I saw the same planner in Staples yesterday night. It was on sale for $4.99.
"Fundamentalism means never having to say 'I'm wrong.'"
-- unknown
#22
Posted: 12/16/05 at 10:51am
Roob - can you transcribe dictation? Send me your resume.
#23
Posted: 12/16/05 at 10:51am
There may indeed be a different tax rate for bonuses, depending on who does the bonus and how it's calculated. I've got a couple of degrees and certifications to back up his knowledge in this area. Middy doesn't get paid to discuss theater on-line all day, ya know. 
'The Devil be hitting me!'--Whitney Houston
Updated On: 12/16/05 at 10:51 AM
#24
Posted: 12/16/05 at 10:51am
i'd rather have the $4.99 than being forced to socialize with people at my company.
XING
PED
PED
#25
Posted: 12/16/05 at 10:51am
They gave you a 4 $ planner? That's insulting.
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