Bonus for all pt employees

Superteeth2478

Well-Known Member
bonuses may be taxed at their rate but will still pencil back out to your rate in your tax returns.
It's amazing how many people don't understand this. That was the first thing a couple of people asked me after they were told about the bonus, "But isn't it going to be taxed at a really high rate"? So I told them that at the end of the day it's not actually going to be taxed at a rate any different from your tax bracket. All income above your bracket will be taxed at the higher rate, but only that income, not ALL your income.
 

rod

Retired 22 years
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You can always build boats
 
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