32.5%??

Discussion in 'Economy' started by hortysir, Dec 26, 2010.

  1. hortysir
    Offline

    hortysir In Memorial of 47

    Joined:
    Apr 30, 2010
    Messages:
    20,459
    Thanks Received:
    4,027
    Trophy Points:
    270
    Location:
    Lakeland, FL
    Ratings:
    +6,296
    That is the rate at which my first bonus check was taxed.
    Apparently bonuses are considered a "luxury" and are subject to Luxury Tax and that's the current rate.

    Now, I'm not a banker making truckloads of money off of shady investments.
    My bonuses are performance and result driven.
    As a big thank you, Uncle Sam takes 1/3???

    :evil:
     
  2. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    That is what is withheld. The tally will be known after you file.
     
  3. hortysir
    Offline

    hortysir In Memorial of 47

    Joined:
    Apr 30, 2010
    Messages:
    20,459
    Thanks Received:
    4,027
    Trophy Points:
    270
    Location:
    Lakeland, FL
    Ratings:
    +6,296
    If that was supposed to be comforting, it fell short
    :razz:
     
  4. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,325
    Thanks Received:
    677
    Trophy Points:
    175
    Ratings:
    +1,632
    Your government is in action to serve the public which of course does not include individuals like you.
     
  5. syrenn
    Offline

    syrenn BANNED

    Joined:
    May 10, 2010
    Messages:
    47,839
    Thanks Received:
    10,387
    Trophy Points:
    0
    Ratings:
    +10,404
    I feel your pain. Happens to me too. IT SUCKS!!!
     
  6. daveman
    Offline

    daveman Diamond Member

    Joined:
    Jun 25, 2010
    Messages:
    51,299
    Thanks Received:
    5,693
    Trophy Points:
    1,775
    Location:
    On the way to the Dark Tower.
    Ratings:
    +5,759
    You hush. The government knows how to spend your money better than you. Consider yourself lucky they let you keep any of it.
     
  7. hortysir
    Offline

    hortysir In Memorial of 47

    Joined:
    Apr 30, 2010
    Messages:
    20,459
    Thanks Received:
    4,027
    Trophy Points:
    270
    Location:
    Lakeland, FL
    Ratings:
    +6,296
    Thanks......

    It just tickles me to hear some carry on about how the "rich" aren't taxed enough.
    If that's anything like their rate, I think 1/3 is plenty high enough of a rate.

    It's strange how something that is part of my pay structure can be considered a "luxury"
    :eusa_eh:
     
  8. loosecannon
    Offline

    loosecannon Senior Member

    Joined:
    May 7, 2007
    Messages:
    4,888
    Thanks Received:
    263
    Trophy Points:
    48
    Ratings:
    +264
    apparently your comment fell on deaf ears.

    With holdings are not the final tax rate. They are just what the IRS exacts upfront before your actual rate of tax is determined in your return according to ordinary income and deductions data.
     
  9. loosecannon
    Offline

    loosecannon Senior Member

    Joined:
    May 7, 2007
    Messages:
    4,888
    Thanks Received:
    263
    Trophy Points:
    48
    Ratings:
    +264
    Don't worry, you will get a generous refund.
     
  10. rdean
    Online

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,204
    Thanks Received:
    6,905
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +15,037
    You're lucky Republicans weren't able to send your job to China.
     

Share This Page