Thread: Why are bonuses taxed so high?
View Single Post
Old 03-15-2013, 09:02 AM   #8 (permalink)
Spikuh
A True Z Fanatic
 
Spikuh's Avatar
 
Join Date: Jul 2009
Location: The Ark
Posts: 2,357
Drives: '09 370z
Rep Power: 20
Spikuh has much to be proud ofSpikuh has much to be proud ofSpikuh has much to be proud ofSpikuh has much to be proud ofSpikuh has much to be proud ofSpikuh has much to be proud ofSpikuh has much to be proud ofSpikuh has much to be proud of
Default
Quote:
Originally Posted by Zaggeron View Post
Note guys that what is withheld is different than what you have to pay in taxes. If extra withholding is taken from your bonus, you'll get the extra back in your tax return -- your bonus itself is just regular income that gets added to your salary. You owe taxes on your total income not one set of taxes on your salary and another different rate on your bonus ...
This.
__________________
Quote:
Originally Posted by b1adesofcha0s View Post
Today in the OG Conf Room: Strippers vs Girlfriends, which is more cost effective?
Spikuh is offline   Reply With Quote