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Started By
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re: Just Got My Yearly Bonus
Posted on 11/23/21 at 7:41 pm to MindGoblin
Posted on 11/23/21 at 7:41 pm to MindGoblin
Did some tax package pass and get instated already that literally no one but you knows about?
Also, the highest bracket is 37% which kicks in at >523,600. So even if you are at the highest bracket, I really don't give af about you and your ~600k salary.
2
Posted on 11/23/21 at 7:50 pm to dandyjohn
quote:
So even if you are at the highest bracket, I really don't give af about you and your ~600k salary.
That’s the spirit. frick those that have worked hard to get ahead in life.
Posted on 11/23/21 at 8:00 pm to dandyjohn
OP is either lying, misunderstanding, or subtly bragging about a bonus north of $1 million.
The people in here saying all bonuses are auto taxed at 40% are just dumb.
It's easier to just lurk and watch the show.
Eta
OP may contribute something like 15% of his gross to a retirement account. Factoring that in with the likelihood that his employer uses the common flat tax rate method for bonus payouts, which would be 22% plus the standard 8.5% for Medicare and SS, combined with the incorrect tax liability calculation of net/gross (without accounting for the retirement contribution), he'd probably land somewhere around 58% take home which would lead him to believe taxes were 42%.
Just spit balling here.
The people in here saying all bonuses are auto taxed at 40% are just dumb.
It's easier to just lurk and watch the show.
Eta
OP may contribute something like 15% of his gross to a retirement account. Factoring that in with the likelihood that his employer uses the common flat tax rate method for bonus payouts, which would be 22% plus the standard 8.5% for Medicare and SS, combined with the incorrect tax liability calculation of net/gross (without accounting for the retirement contribution), he'd probably land somewhere around 58% take home which would lead him to believe taxes were 42%.
Just spit balling here.
This post was edited on 11/23/21 at 8:20 pm
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