- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: I was taxed on Xmas gift cards
Posted on 12/19/24 at 9:17 am to sidewalkside
Posted on 12/19/24 at 9:17 am to sidewalkside
quote:
He doesn't know what the F he is saying. He's been working for 39 years and doesn't know how to read a pay stub.
If I'm getting $700 worth of gift cards as my bonus in year 39, take me out to pasture
0
Posted on 12/19/24 at 9:17 am to StanSmith
We do Christmas gifts at the party, but never gift cards for this reason. You can technically give an employee's spouse cash or gift cards and avoid this, but we just avoid it altogether by giving gifts and nothing tied to a traceable monetary value.
Posted on 12/19/24 at 9:19 am to Mingo Was His NameO
quote:
Or intelligent, clearly
The amount of OT baws here that don't understand how taxes work on a bonus (regardless of what physical form its paid in) is telling me all the OT ballers were lying all along.
Posted on 12/19/24 at 9:20 am to RummelTiger
Of course.
The better companies have CEOs that take care of that crap and don't nickel and dime the employees.
"You don't make money cutting costs."
The better companies have CEOs that take care of that crap and don't nickel and dime the employees.
"You don't make money cutting costs."
Posted on 12/19/24 at 9:22 am to N2cars
quote:
"You don't make money cutting costs."
Said by every disgruntled employee but known to be false by every CEO with actual financial literacy.
Posted on 12/19/24 at 9:26 am to ChestRockwell
Before my company was bought out, they would give us nice gifts for Christmas every year, like grills, smokers, etc. and would not take taxes out. A couple of years ago we were bought out and now, the gifts are much smaller and they tax them. Corporate America sucks.
Posted on 12/19/24 at 9:26 am to Dixie2023
quote:
I agree with you it sucks. But the IRS has to get every penny it can so we can support the do nothings. I swear one year we got gift cards and the reason as so it didn't have to be taxed.
This is why my old boss used to just give out hams.
Posted on 12/19/24 at 9:26 am to ChestRockwell
Ever study History?
Posted on 12/19/24 at 9:30 am to ChestRockwell
quote:
Thanks. It's pretty much chicken shite. Should've taken the 5th amendment when it comes to gift cards, and decline.
So...how does refusing a gift card protect you from self-incrimination?
Posted on 12/19/24 at 9:35 am to buzwa
Better than being taxed as a bonus.
This post was edited on 12/19/24 at 9:36 am
Posted on 12/19/24 at 9:43 am to madmaxvol
quote:
So...how does refusing a gift card protect you from self-incrimination?
Not only does he not understand taxes...he also doesn't understand what "taking the 5th" means
Posted on 12/19/24 at 9:45 am to ChestRockwell
That’s pretty normal. They have to add it as taxable income.
Posted on 12/19/24 at 9:48 am to Mingo Was His NameO
Just your average Joe and Sally who thought they would retire in Louisiana but due to absurd insurance cost, poor medical and cost of living are leaving. Even Ms. and Al are taking life-long residents. And not one person is glad they left either.
Posted on 12/19/24 at 9:55 am to ChestRockwell
Taxable gift baw
Posted on 12/19/24 at 9:57 am to ChestRockwell
quote:well yeah
This morning, I looked at my check stub, and they taxed me for it.
Posted on 12/19/24 at 9:58 am to ChestRockwell
These fackers don't miss a penny...the greed is a black hole unto itself
Posted on 12/19/24 at 9:59 am to wfallstiger
quote:
These fackers don't miss a penny...the greed is a black hole unto itself
Them (correctly) taxing it costs the company more money than if they wouldn’t have
This post was edited on 12/19/24 at 10:13 am
Posted on 12/19/24 at 10:08 am to spslayto
quote:
Better than jelly of the month club though.
You serious, Clark?
Posted on 12/19/24 at 10:11 am to ChestRockwell
Your company is the arse for not just giving you a cash bonus. They probably got a discount for buying the cards in bulk,
I worked for a company that has a Vegas trip for top foilks. One year,we had the Black Eyed Peas for a private party with Jim Belushi as emcee. I got taxed for the full value of that trip.
I worked for a company that has a Vegas trip for top foilks. One year,we had the Black Eyed Peas for a private party with Jim Belushi as emcee. I got taxed for the full value of that trip.
Posted on 12/19/24 at 10:19 am to tylerlsu2008
quote:
Could it have not been run through as a business expense rather than independent contractor compensation?
It could have, but it would not have been as funny.
Page 5 of 9
Back to top
Follow TigerDroppings for LSU Football News