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Posted on 12/15/14 at 4:40 pm to anc
I'd walk. Just saying. No RAGRETS.
Posted on 12/15/14 at 4:45 pm to coonass27
quote:
Im hoping my bonus covers my pool i just put a down payment on.
Oh my God, you're putting in a pool!
Posted on 12/15/14 at 4:45 pm to anc
anc, you work in private?
Posted on 12/15/14 at 4:46 pm to Hawkeye95
quote:
the company I work for feels content giving 1% raises for the last 6 years. We are losing people left and right but they just don't seem to get it.
They get it
quote:
we post record profits every quarter
So they don't care.
Posted on 12/15/14 at 4:49 pm to anc
quote:
6%
Ouch. That's only $12k for the average OTer.
Did you quit yet?
Posted on 12/15/14 at 4:55 pm to anc
quote:congrats
%6 raise
6% of minimum wage of $7.25 is $.44 You now make $7.69/hour
Posted on 12/15/14 at 5:14 pm to anc
How much do you make?
Posted on 12/15/14 at 5:16 pm to anc
I don't get people bitching about getting a raise or not getting a Christmas bonus.
Posted on 12/15/14 at 5:20 pm to J Murdah
Don't you have to pay employee and employer taxes on a bonus? I think that's how it used to be so getting it in a raise works better for you.
Posted on 12/15/14 at 5:37 pm to Zappas Stache
quote:
taxes on a bonus? I think that's how it used to be so getting it in a raise works better for you.
This...
My bonus is taxed at the higher IRS bonus rate, so it gets taxed to hell and back! Example: I was given a gift that was worth $180; however, the taxes on that gift was $65 - that's a 35% tax rate! You will probably see more of the money through the 6% salary increase.
Posted on 12/15/14 at 5:54 pm to anc
quote:
swanky nursing home
They have these?
Posted on 12/15/14 at 5:55 pm to anc
Honestly, I will give up poins on a Christmas bonus for a larger raise in a heartbeat.. A raise is progress in your life...a Christmas bonus is beer money...
Posted on 12/15/14 at 5:55 pm to anc
Sorry to hear, Griswald.
Posted on 12/15/14 at 5:57 pm to RDOtiger
My bonuses get taxed at 49% up here, it's brutal. I end up deferring them to my 401k and just paying myself more through the year so I can somewhat shelter myself.
Posted on 12/15/14 at 5:58 pm to RDOtiger
quote:
My bonus is taxed at the higher IRS bonus rate, so it gets taxed to hell and back! Example: I was given a gift that was worth $180; however, the taxes on that gift was $65 - that's a 35% tax rate! You will probably see more of the money through the 6% salary increase.
You need to hire a tax professional. Because you're clueless.
Posted on 12/15/14 at 5:59 pm to Chris Farley
quote:
My bonuses get taxed at 49% up here
And another one.
Posted on 12/15/14 at 6:01 pm to Chris Farley
quote:
My bonuses get taxed at 49% up here
Thats how much is withheld, not taxed.
Posted on 12/15/14 at 6:08 pm to Golfer
I understand how it works. I eventually get a good chunk of that back but it's not for over a year as our bonuses pay out in January. I'd rather make a lump 401k contribution and then catch up on cash throughout the year.
Posted on 12/15/14 at 6:08 pm to anc
quote:
No Christmas Bonus. 6% Raise
Be happy with what you received. It could be worse.
No Christmas bonuses at my company. 60 % + turnover within the 1st 6 months and merit increases, providing one does an OUTSTANDING job are maxed out at 2 %.
1.7 % approval rating on Glassdoor.
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