Over 100 companies giving 'Trump Bonuses' after tax victory, 'tsunami building'

[Alias Detective 1,179]

I'm giving almost half of it to the government, for the cause of MAGA. The rest to the Universal College Fund of Mobb_Deeps Daughter.

1/2 in taxes.....You are a true geek for being in the top 1%!

[parrot 789]

1/2 in taxes.....You are a true geek for being in the top 1%!

You sound like a guy who has never gotten a bonus.

[Hardcore troubadour 12,626]

You sound like a guy who has never gotten a bonus.

Why don't you explain it to him instead of being a dik? Or is that not possible?

[Alias Detective 1,179]

You sound like a guy who has never gotten a bonus.

 

I don't. I'm a 1099 employee.

[Gladiators 1,904]

Shouldn't have 1/2 taken out for taxes, but I guess it's neither here nor there.

 

Fed - 25% standard for bonuses under $1M

FICA - 7.65% up to the SS limit of around $128k. More explanation required for bonuses over $128k.

State - XX% (California is highest at around 13%. Every other state us under 10% I believe)

 

Total - 37.65% assuming a 5% state income tax rate; 42.65% assuming a 10% state income tax rate.

[mobb_deep 917]

I don't. I'm a 1099 employee.

 

It's taxed at approximately 40%. A flat "supplemental rate" (unless it's over 1,000,000).

[mobb_deep 917]

Shouldn't have 1/2 taken out for taxes, but I guess it's neither here nor there.

 

Fed - 25% standard for bonuses under $1M

FICA - 7.65% up to the SS limit of around $128k. More explanation required for bonuses over $128k.

State - XX% (California is highest at around 13%. Every other state us under 10% I believe)

 

Total - 37.65% assuming a 5% state income tax rate; 42.65% assuming a 10% state income tax rate.

 

Fed dropped to 22% in 2018, so it's actually a little less than that. Also, california supplemental rate was 10.23% last I checked. But yah... around 40% give or take.

[Gladiators 1,904]

 

Fed dropped to 22% in 2018, so it's actually a little less than that. But yah... around 40% give or take.

 

[parrot 789]

 

Fed dropped to 22% in 2018,

 

Was your bonus applied to 2018? If so, good for you, but probably bad for the company.

[SUXBNME 1,324]

 

Amazon laying off hundreds...

 

http://www.bbc.com/news/business-43038608

 

Amazon said it is working to offer affected staff new roles.

 

[Strike 3,957]

http://money.cnn.com/2018/03/29/pf/mcdonalds-tuition-benefit/index.html

 

[NorthernVike 2,080]

http://money.cnn.com/2018/03/29/pf/mcdonalds-tuition-benefit/index.html

 

You'll finally be able to get your GED

[Strike 3,957]

http://www.koco.com/article/major-railroad-companies-offer-dollar25k-in-signing-bonuses-for-new-employees/20096588

 

:banana:

[edjr 5,556]

http://money.cnn.com/2018/03/29/pf/mcdonalds-tuition-benefit/index.html

 

 

Now it's either Military or McDs when you want your college paid for out of high school

[NorthernVike 2,080]

http://www.koco.com/article/major-railroad-companies-offer-dollar25k-in-signing-bonuses-for-new-employees/20096588

 

:banana:

 

 

Wouldn't work for the rail roads. Not sure why, but I know several guys that have really bad cancers and the only thing in common is there employment with BNSF.