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Message
re: Signing Bonuses
Posted on 3/14/16 at 2:25 pm to STLhog
Posted on 3/14/16 at 2:25 pm to STLhog
quote:
Government taxes the shite out of bonus. Way higher than your salary rate
Wrong
quote:
If I signed a 2-year Promissory Note for a sign-on bonus and then decide to quit said job prior to 2 years, I have to pay up, correct? Guy I work with is telling me an employer cannot demand this money back, but that seems entirely inaccurate to me.
Most places that offer a sign on bonus will require you to stay for a certain length of time, although enforcing that can be an issue, so now they are saying that they will give you a bonus for working there for a year or 2, but will give you the bonus early (at initiation of employment)in the form of a loan that will be dismissed if you work there for the requisite time period
1
Posted on 3/14/16 at 2:59 pm to Tigerpaw123
Right.. so yeah I signed a Promissory for 2 years to receive a "bonus" which was taxed as normal income. Now I have decided to quit (after only about 8 months). I'm responsible for paying back the pre-taxed amount right?
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