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re: Houston Hilcorp gives every employee $100k bonus.
Posted on 12/10/15 at 11:28 am to knight_ryder
Posted on 12/10/15 at 11:28 am to knight_ryder
Great news.
They frick the vendors by not paying their bills on time and renegotiate to bring bring prices down because they aren't making any money.
They frick the vendors by not paying their bills on time and renegotiate to bring bring prices down because they aren't making any money.
Posted on 12/10/15 at 11:29 am to mikelbr
Ya know, you impress me more and more everyday with your wisdom and vocabulary. Over the years, I just thought you were some kind of pervert. 
Posted on 12/10/15 at 11:29 am to mikelbr
what's the tax hit on $100k bonus?
Posted on 12/10/15 at 11:30 am to TigerFred
quote:
Great news.
They frick the vendors by not paying their bills on time and renegotiate to bring bring prices down because they aren't making any money.
Maybe you should get with Mid Iowa Tigers buddies. they can get your invoices approved.
Posted on 12/10/15 at 11:31 am to Count Chocula
quote:
Ya know, you impress me more and more everyday with your wisdom and vocabulary. Over the years, I just thought you were some kind of pervert.
Haha. I am a well rounded deviant.
Posted on 12/10/15 at 11:33 am to MorbidTheClown
quote:Whatever new tax bracket you fall in, which will be higher due to the $100k.
what's the tax hit on $100k bonus?
Posted on 12/10/15 at 11:34 am to MorbidTheClown
quote:Probably 28 or 33%
what's the tax hit on $100k bonus?
Posted on 12/10/15 at 11:36 am to knight_ryder
quote:Sounds like ATP oil&Gas. Gave every employee a new Volvo as a bonus. Was bankrupt 5 years later, though...
"That was based on doubling the size of Hilcorp over a five year period and we met that goal," she said. "And we all were able to celebrate and enjoy that life changing day together. We cried with happiness for each other, we hugged."
Posted on 12/10/15 at 11:36 am to MorbidTheClown
quote:
what's the tax hit on $100k bonus?
You know there are employees who wanted to turn it down because they don't want to be in a higher tax bracket. These are the same people that think getting a raise is a bad thing for taxes.
Posted on 12/10/15 at 11:36 am to knight_ryder
Great company. They have some awesome employee incentives.
Posted on 12/10/15 at 11:38 am to slackster
quote:
You know there are employees who wanted to turn it down because they don't want to be in a higher tax bracket. These are the same people that think getting a raise is a bad thing for taxes.
Because they cant do math.
Posted on 12/10/15 at 11:38 am to yellowfin
quote:
That was months ago and for I believe a 5 year period
I'll keep my 20% per year
The article said they still get other bonuses so it's not like they only got $100K for all 5 years. This was just a bonus for reaching a set 5-year goal.
Posted on 12/10/15 at 11:42 am to slackster
quote:
You know there are employees who wanted to turn it down because they don't want to be in a higher tax bracket. These are the same people that think getting a raise is a bad thing for taxes
i am not one of these people. just wondered what it would be. even if they take half, you get $50k. I'll take it.
Posted on 12/10/15 at 11:44 am to knight_ryder
These evil corporations don't give enough back to society! Tax them so the dindu nuffins can have a chance in life!
Posted on 12/10/15 at 11:44 am to MorbidTheClown
Oh I understand. People are suspicious of bonuses because most payroll programs tax them as if they can expect the same check for every pay period for the year, so it appears you're taxed into oblivion, but it is no different than traditional income when it comes time to actually file your taxes.
Posted on 12/10/15 at 11:45 am to MorbidTheClown
quote:
what's the tax hit on $100k bonus?
A ton.
Employees never understand this.
This money may have moved you into a higher bracket and all your income will be taxed at that rate.
Posted on 12/10/15 at 11:45 am to slackster
quote:
People are suspicious of bonuses because most payroll programs tax them as if they can expect the same check for every pay period for the year, so it appears you're taxed into oblivion, but it is no different than traditional income when it comes time to actually file your taxes.
Exactly.
Posted on 12/10/15 at 11:48 am to knight_ryder
This company obviously does not pay enough in Corporate taxes.
Hilary 2016
Hilary 2016
Posted on 12/10/15 at 11:51 am to Horsemeat
quote:
These evil corporations don't give enough back to society! Tax them so the dindu nuffins can have a chance in life!
Take that shite to the poli board.
Posted on 12/10/15 at 11:52 am to Breesus
I have family that works for Hillcorp, this is not true.
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