Discussion in 'General Chat' started by globetrotter, Feb 14, 2008.
This is good news. I wish your pup a continued and speedy recovery.
had a superb baltimore SF holiday meetup. a great time was had by all, well, at least by me anyways.
small snafu, to my great chagrin i lost 879,464 SF points by wearing my plastic cell phone holster. a grave error on my part no doubt. it will not happen again i assure you my fellow iGents. douglas claims i will be retroactively charged by j for all the bandwidth i have used. im fucked.
LOL calling you out on that was pretty entertaining.
Making me happy: Year-end bonus is gonna be pretty fuck-yeah awesome. It's all spent already, but hey, more money is more money.
Didn't Clark Griswold teach you anything?
i just discovered that if i click the microphone in the google search bar i can just speak my search term and it works perfectly. i always saw it there, but never thought it would work. i found that to be quite cool.
yes, i am bored as hell at work today.
Got my first year end bonus a couple weeks ago. I don't know how your bonus structure works but I'm assuming it's a % of base salary? Anyway, my bonus was kind of whimpy because they prorated our salary to compensate for the fact that we started in the middle of the year. On top of that, the tax man stole 40%
Welcome to life.
as much as getting raped by uncle sam sucks, trust me, it beats the alternative of not being in that tax bracket. obviously there is a window where your increase in income weighed against your new higher tax bracket is actually worse than your lower income and old tax bracket. aside from walking that fine line, getting any kind of decent bonus and being in your bracket beats the hell out of many alternatives.
now go buy some awesome shoes or something.
I don't think this is true. The higher tax bracket only applies to dollars earned over the previous bracket, it won't tax all of your earnings at the higher rate.
tbh, i have not personally experienced that, but a few friends of mine claim that all things considered they ended up netting less money after they got their raise. maybe they just need a better accountant. who knows.
Yeah, tax rates are marginal.
The higher tax rate doesn't apply until the first dollar earned ABOVE the bracket cutoff.
An extra dollar is always better*--you might just not get to keep as much of it.
* I can see a situation where the extra dollar pushes you over the income limit for Roth IRA contributions or messes with some financial aid or tax credit calculations but in terms of the actual marginal tax rate, you can't end up with less money by earning more.
this. that it what my friend was explaining. after losing certain govt financial aid programs he was ending up with less money, all things considered. though on the career path he is on, govt worker, hopefully shortly after some continued yearly raises that will not be the case.
^^ oh snap you just got told.
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