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<blockquote data-quote="HyperBrn" data-source="post: 5587737" data-attributes="member: 102381"><p>Probably mixing the word "taxed" versus "withheld" </p><p></p><p>No, you aren't taxed at a higher rate for payments unless it bumps you up a tax bracket.</p><p>But payroll might very well WITHHOLD more; making your payout into your bank account smaller. You'd get the difference back at tax time though.</p></blockquote><p></p>
[QUOTE="HyperBrn, post: 5587737, member: 102381"] Probably mixing the word "taxed" versus "withheld" No, you aren't taxed at a higher rate for payments unless it bumps you up a tax bracket. But payroll might very well WITHHOLD more; making your payout into your bank account smaller. You'd get the difference back at tax time though. [/QUOTE]
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