re: Average Wall Street BONUS (not salary) surged to $245K

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Yeah, but that creates a tax problem you really don’t want.

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what tax problems?

do you idiots not understand how progressive tax works?

you dont suddenly go $1 in to the new bracket and suddenly everything is taxed at the new rate

you frickers need to learn how it works before just mouthing off

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this is very true, and get yo arse back over to that travel ball thread, baw!!

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nothing more to be said. i let it go 5 pages before commenting...got to be like a new record or something

Knew I should have went into finance

Meh, doesn't tell us much.

What was the median?

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The tax implications of your fake bonus were exactly the same had you been paid $80k throughout the year. I’d love for either of you idiots to explain this to me

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Reminds me of the prison guard in Shawshank who was pissed his brother left him an inheritance because “do you know what the IRS is going to do to me?”

Bros right out of Harvard, Stanford, MIT making 200K a yr while working 60-70 hours a week.

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Reminds me of the prison guard in Shawshank who was pissed his brother left him an inheritance because “do you know what the IRS is going to do to me?”

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I'd much rather have the problem of having to pay additional tax because I'm making more money than the opposite

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I'd much rather have the problem of having to pay additional tax because I'm making more money than the opposite

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This. So long as your increase in marginal income is greater than zero are you going to turn it down because some of it goes to taxes?

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Tax implications

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Like hitting a higher tax bracket?

Not the worst ‘problem’ to have in the world.

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Yeah, but that creates a tax problem you really don’t want.

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Obviously this is a generalization, but w2 income is income. Bonuses may be withheld at a higher rate, but not actually taxed at a higher rate.