edjr 5,546 Posted December 14, 2017 enjoy my money you political fockwads Share this post Link to post Share on other sites
Gladiators 1,900 Posted December 14, 2017 Yeah, taxes focking suck. I take home just over half of my bonus, though a good chunk goes into 401k as well. Share this post Link to post Share on other sites
Djgb13 2,338 Posted December 14, 2017 Im sorry you have to take Home $15 now instead of the usual $20 Share this post Link to post Share on other sites
patweisers44 696 Posted December 14, 2017 We get bonuses in March so I feel the same pain. The offset of getting a few bucks more in each paycheck when you pass the Social Security limit just doesn't make up for it. Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted December 14, 2017 Yes, it is a painful thing to see that paycheck and all of the deductions. I have maxed out my 401k, so I will have even more to tax. Share this post Link to post Share on other sites
Hardcore troubadour 12,576 Posted December 14, 2017 Im sorry you have to take Home $15 now instead of the usual $20 POW! Share this post Link to post Share on other sites
MDC 5,875 Posted December 14, 2017 I got a $3K bonus last year that ended up under $2k. Its absurd. Share this post Link to post Share on other sites
Hardcore troubadour 12,576 Posted December 14, 2017 12k "bonus" (not technically a bonus) took home 9600. Nice. Share this post Link to post Share on other sites
cyclone24 1,794 Posted December 14, 2017 What still amazes me. I've never been a money guy.... I was a YMCA director for a long time..but my wife will bring home two years of my salary as a Christmas bonus this year. 1 Share this post Link to post Share on other sites
mobb_deep 917 Posted December 14, 2017 Im sorry you have to take Home $12 now instead of the usual $20 Updated for accuracy. It's taxed at 40%, not 25%. Share this post Link to post Share on other sites
edjr 5,546 Posted December 14, 2017 Updated for accuracy. It's at taxed 40%, not 25%. Luckily, I have the DNDL money to get me through xmas Share this post Link to post Share on other sites
mobb_deep 917 Posted December 14, 2017 Luckily, I have the DNDL money to get me through xmas Buy your grom this, with the 15$ I won. https://www.amazon.com/Fun-Express-Assorted-Dinosaur-Figures/dp/B0033RVDVC/ref=sr_1_39?s=toys-and-games&ie=UTF8&qid=1513279592&sr=1-39&keywords=dinosaur Share this post Link to post Share on other sites
porkbutt 860 Posted December 14, 2017 w-2 wage earning is for suckers Share this post Link to post Share on other sites
Gladiators 1,900 Posted December 14, 2017 w-2 wage earning is for suckers W2 + K-1 = winning Share this post Link to post Share on other sites
edjr 5,546 Posted December 14, 2017 Buy your grom this, with the 15$ I won. https://www.amazon.com/Fun-Express-Assorted-Dinosaur-Figures/dp/B0033RVDVC/ref=sr_1_39?s=toys-and-games&ie=UTF8&qid=1513279592&sr=1-39&keywords=dinosaur hope you meant son and he has enough dinosaurs to fill the tub Share this post Link to post Share on other sites
lickin_starfish 1,477 Posted December 14, 2017 You're welcome, welfies. Share this post Link to post Share on other sites
TommyGavin 788 Posted December 14, 2017 I guess today is a popular day for bonuses to drop. Oh and mine dropped. (Like said above at least some to my 401k) Share this post Link to post Share on other sites
mobb_deep 917 Posted December 14, 2017 hope you meant son and he has enough dinosaurs to fill the tub We call kids groms out here. Guess it's a California thing? https://www.urbandictionary.com/define.php?term=grom Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted December 14, 2017 I guess today is a popular day for bonuses to drop. Oh and mine dropped. (Like said above at least some to my 401k) Ours come in next week on the 22nd. Share this post Link to post Share on other sites
Alias Detective 1,178 Posted December 14, 2017 W2 + K-1 = winning 1099 plus k1. Thank you natural gas royalties. Share this post Link to post Share on other sites
MTSkiBum 1,593 Posted December 14, 2017 We get our bonus in March. 1 Share this post Link to post Share on other sites
mobb_deep 917 Posted December 14, 2017 We get our bonus in March. Yah, us too. Maybe even April. All I remember is it makes no focking sense. Share this post Link to post Share on other sites
edjr 5,546 Posted December 14, 2017 We get our bonus in March. we get profit sharing in march Share this post Link to post Share on other sites
porkbutt 860 Posted December 14, 2017 W2 + K-1 = winning yes and side businesses. cash preferably Share this post Link to post Share on other sites
supermike80 1,284 Posted December 14, 2017 We don't get ours till Feb. Share this post Link to post Share on other sites
edjr 5,546 Posted December 14, 2017 yes and side businesses. cash preferably I do that, quite well. Share this post Link to post Share on other sites
IGotWorms 3,297 Posted December 14, 2017 Make yourself a pass-through corporation. Apparently thatll be the new play under the tax giveaway. Wont do a whole lot for us working schlubs of course, but might get some benefit. Worth evaluating at least Share this post Link to post Share on other sites
jerryskids 5,165 Posted December 14, 2017 My bonus is commission. Or being fired. Share this post Link to post Share on other sites
tanatastic 2,061 Posted December 15, 2017 Xmas bonus to me is just something I see on tv. Share this post Link to post Share on other sites
IGotWorms 3,297 Posted December 15, 2017 My bonus is commission. Or being fired. Third place is, youre fired Share this post Link to post Share on other sites
Reality 2,710 Posted December 15, 2017 Taxed at 40%, fkn brutal. I'd rather take less and it be part of my salary. Share this post Link to post Share on other sites
Gladiators 1,900 Posted December 15, 2017 Taxed at 40%, fkn brutal. I'd rather take less and it be part of my salary. At the end of the day, it all works out the same. Share this post Link to post Share on other sites
titans&bucs&bearsohmy! 2,745 Posted December 15, 2017 Waaah. Most people dont get bonuses anymore. Share this post Link to post Share on other sites
IGotWorms 3,297 Posted December 15, 2017 Taxed at 40%, fkn brutal. I'd rather take less and it be part of my salary. Que? Income is income. Taxed at the same rate unless youre talking stock options or something. Salary increase is always better though since they have to pay you that year after year... til they dont. Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted December 15, 2017 Que? Income is income. Taxed at the same rate unless youre talking stock options or something. Salary increase is always better though since they have to pay you that year after year... til they dont. He is talking about what is withheld from his paycheck which is higher for bonuses than regular pay. Many people have a hard time differentiating from what is withheld and what you ultimately pay in taxes. Share this post Link to post Share on other sites
edjr 5,546 Posted December 15, 2017 He is talking about what is withheld from his paycheck which is higher for bonuses than regular pay. Many people have a hard time differentiating from what is withheld and what you ultimately pay in taxes. It's simple really. claim 5 Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted December 15, 2017 It's simple really. claim 5 No, the percentage for different types of income is different for withholdings. Share this post Link to post Share on other sites
Reality 2,710 Posted December 15, 2017 No, the percentage for different types of income is different for withholdings. Share this post Link to post Share on other sites
edjr 5,546 Posted December 15, 2017 Was just in the elevator with a chick from the office who was b1tching that her bonus was pro-rated for maternity leave. that's completely sh1tty Share this post Link to post Share on other sites
