or Connect
Styleforum › Forums › General › General Chat › Things That Are Bothering You, Got You All Hibbeldy-Jibbeldy, or just downright pissed, RIGHT NOW!
New Posts  All Forums:Forum Nav:

Things That Are Bothering You, Got You All Hibbeldy-Jibbeldy, or just downright pissed, RIGHT NOW! - Page 5134

post #76996 of 85767
Quote:
Originally Posted by Harold falcon View Post

You're new to this whole bonus thing, aren't you?

Nah. I've received many bonuses in the past. Yet, every single time, i end up disappointed with the net pay, even though my projections are always increasingly downward.

I can never win.

The best bonus I received was one that was grossed up for taxes. Dat bonus was FAT
post #76997 of 85767
Quote:
Originally Posted by GreenFrog View Post

How the f is my effective tax rate for this 35%? I don't understand.

Fed and state allowances set to 1 each.

Bonus was lumped into base pay together; maybe that's why.

They usually tax it at least at the bracket above your normal income because it might bump your income into the next bracket. You'll get back the difference as a return during tax time if it doesn't bump you into the next bracket.

My bonuses are always taxed at like 46%.
post #76998 of 85767
Dude. 35% is low for a signing bonus. Usually it's more in line with what pB said
post #76999 of 85767
Quote:
Originally Posted by patrickBOOTH View Post

They usually tax it at least at the bracket above your normal income because it might bump your income into the next bracket. You'll get back the difference as a return during tax time if it doesn't bump you into the next bracket.

My bonuses are always taxed at like 46%.

Do you get your bonuses separately from your base pay? That's how it worked for me in consulting with year end bonuses.

But for this signing bonus, they lumped it together with my base pay, so I got a really large deposit this time. I'm wondering if this actually benefitted me because I recall getting taxed at the 40%+ rate with my year end bonuses.
post #77000 of 85767
You get the remainder at tax time. It is normal income, they just treat it differently so you don't have to owe anything come tax day on that portion.
post #77001 of 85767
Quote:
Originally Posted by GreenFrog View Post

Do you get your bonuses separately from your base pay? That's how it worked for me in consulting with year end bonuses.

But for this signing bonus, they lumped it together with my base pay, so I got a really large deposit this time. I'm wondering if this actually benefitted me because I recall getting taxed at the 40%+ rate with my year end bonuses.

Six of one, half dozen of the other. It all washes come tax time.
post #77002 of 85767
I don't want the gubment's greasy hands all over my monies!
post #77003 of 85767
Coming from someone who has lived in Europe...what are taxes?
post #77004 of 85767
fine question posed by our resident 28 year old dependent
post #77005 of 85767
Imma gonna give you kids some old man advice . Frettin'over shit that's as sure as death and taxes just gonna make you tired , bitter and old before your time
post #77006 of 85767
Quote:
Originally Posted by GreenFrog View Post

I don't want the gubment's greasy hands all over my monies!

You livin' in the wrong country.
post #77007 of 85767

He should be living in Ben Carson's 10% tax utopia. 

post #77008 of 85767
Quote:
Originally Posted by ter1413 View Post

You livin' in the wrong country.

That's what I've been trying to say. smh
post #77009 of 85767
I have Smash Mouth stuck in my head.
post #77010 of 85767
Quote:
Originally Posted by gomestar View Post

I have Smash Mouth stuck in my head.

Did they cover Sugar Ray songs??
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: General Chat
Styleforum › Forums › General › General Chat › Things That Are Bothering You, Got You All Hibbeldy-Jibbeldy, or just downright pissed, RIGHT NOW!