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Posted: 9/29/2011 7:27:33 PM EST
Son of a bitch.

Really takes the steam out of the engine when you bust your ass doing great work, even exceeding what you are supposed to do, only to have the lousy, gorram goverment take HALF!

I have exceeded my sales quotas most every day I've worked there, came in when they needed a extra hand, gotten customers to buy extra items & enjoyed doing so. I am proud of the work I do. But I don't do it to pay for someone elses bills.

*rant off*
Link Posted: 9/29/2011 7:28:31 PM EST
Originally Posted By Spartanatheart:
Son of a bitch.

Really takes the steam out of the engine when you bust your ass doing great work, even exceeding what you are supposed to do, only to have the lousy, gorram goverment take HALF!

I have exceeded my sales quotas most every day I've worked there, came in when they needed a extra hand, gotten customers to buy extra items & enjoyed doing so. I am proud of the work I do. But I don't do it to pay for someone elses bills.

*rant off*


You must be one of those millionaires who owns a jetliner I keep hearing about.
Link Posted: 9/29/2011 7:29:11 PM EST
Thank you for the muffins
Link Posted: 9/29/2011 7:29:12 PM EST
Somewhere a welfare parasite is smoking your check.
Link Posted: 9/29/2011 7:34:15 PM EST
Yep. They took half of my bonus as well. I never understand why it's taxed the same as a regular paycheck.
Link Posted: 9/29/2011 7:38:00 PM EST
The government do take a bite, don't she?
Link Posted: 9/29/2011 7:38:43 PM EST

Originally Posted By MarkMustang:
Yep. They took half of my bonus as well. I never understand why it's taxed the same as a regular paycheck.

Because 'the money isn't yours', duh.
Link Posted: 9/29/2011 7:39:49 PM EST
Originally Posted By Spartanatheart:
Son of a bitch.

Really takes the steam out of the engine when you bust your ass doing great work, even exceeding what you are supposed to do, only to have the lousy, gorram goverment take HALF!

I have exceeded my sales quotas most every day I've worked there, came in when they needed a extra hand, gotten customers to buy extra items & enjoyed doing so. I am proud of the work I do. But I don't do it to pay for someone elses bills.

*rant off*


Stop your bitching, Subject, and get back to work.

Link Posted: 9/29/2011 7:40:55 PM EST
[Last Edit: 9/29/2011 7:47:10 PM EST by Melvinator2k0]
Bonuses are withheld at the maximum marginal tax rate (33%). You'll get the remainder over your actual tax rate netted against your tax liability and/or in your refund.


ETA: This applies to high income earners. I'm not sure what goes on for lower incomes. I hate individual taxation.
Link Posted: 9/29/2011 7:42:41 PM EST
[Last Edit: 9/29/2011 7:44:15 PM EST by usptac]
Have them cut a separate check, apart from the weekly (or bi-weekly). Fuck an interest-free loan to bloated .gov


Edit: NM, I'm thinking overtime. Put your withholding right below the legal limit and pay in april what you "owe"
Link Posted: 9/29/2011 7:42:55 PM EST
Originally Posted By Melvinator2k0:
Bonuses are withheld at the maximum marginal tax rate (33%). You'll get the remainder over your actual tax rate netted against your tax liability and/or in your refund.


Fawkin' killjoy - bringing logic to a good rant..............

My severance package in '03 was taxed at 45%.............

Brian

Link Posted: 9/29/2011 7:43:10 PM EST
Sorry to hear that you lost half of your bonus you worked hard to get.


I made these a while back, take your pick. They all seem to apply to your current situation












And if you're a gamer:

Link Posted: 9/29/2011 7:47:38 PM EST
Link Posted: 9/29/2011 7:50:30 PM EST
Link Posted: 9/29/2011 7:55:12 PM EST

Originally Posted By Melvinator2k0:
Bonuses are withheld at the maximum marginal tax rate (33%). You'll get the remainder over your actual tax rate netted against your tax liability and/or in your refund.


ETA: This applies to high income earners. I'm not sure what goes on for lower incomes. I hate individual taxation.
My bonus checks are usually hit with a 45% tax rate.

Link Posted: 9/29/2011 7:55:59 PM EST


Link Posted: 9/29/2011 8:00:09 PM EST
My last check with overtime had over $800 in taxes. Even though my paycheck is more it would be nice to enjoy the fruits of my labor.
Link Posted: 9/29/2011 8:01:09 PM EST
Link Posted: 9/29/2011 8:04:27 PM EST
Well, if it wasn't for other people buying your stuff you wouldn't have made that money, now it's time to help out and give back.


/The bullshit line I've been hearing from the welfare rats and trash around here lately justifying the taxes I pay as an employed individual
I know how you feel
Link Posted: 9/29/2011 8:14:14 PM EST
Originally Posted By Spartanatheart:
Son of a bitch.

Really takes the steam out of the engine when you bust your ass doing great work, even exceeding what you are supposed to do, only to have the lousy, gorram goverment take HALF!

I have exceeded my sales quotas most every day I've worked there, came in when they needed a extra hand, gotten customers to buy extra items & enjoyed doing so. I am proud of the work I do. But I don't do it to pay for someone elses bills.

*rant off*

THIS Is what distribution of wealth is really about...

cutting everyone down until no one is motivated to work hard and the government can control what you get


Link Posted: 9/29/2011 8:21:21 PM EST
Lunchbucket Joe reminds you that paying taxes is patriotic.
Link Posted: 9/29/2011 8:36:09 PM EST
[Last Edit: 9/29/2011 8:36:33 PM EST by 2tired2run]
Been on a bonus/commision plan for years so I'm used to this. Nothing sucks worse than losing 40% in taxes, it would be worse if my company didn't deduct 401K contributions from my bonus checks. Strangely they used to not do this.


I'm going to get flamed for this but if 15% is good enough for a guy flipping stocks WTF should I be paying 30+%?
Link Posted: 9/29/2011 8:38:02 PM EST


that is the funniest looking pig I have ever seen!


Link Posted: 9/29/2011 8:43:29 PM EST
Link Posted: 9/29/2011 8:46:44 PM EST


Odd. I seem to remember getting bonuses in, say, 2006 and the government taking out just as much.

But here I come to find out this is all a new phenomenon! I guess I learn something every day.

Link Posted: 9/29/2011 8:52:26 PM EST
this is the way it's always been. Bonuses are taxed as if they were your (pay-period) income (as if you got that amount every pay period); when you file your taxes, you get a chunk back as a refund.

If you get your bonus early enough in the year, you can adjust your withholdings to zero out the refund.
Link Posted: 9/29/2011 8:56:18 PM EST
Originally Posted By hanau:

Originally Posted By Melvinator2k0:
Bonuses are withheld at the maximum marginal tax rate (33%). You'll get the remainder over your actual tax rate netted against your tax liability and/or in your refund.


ETA: This applies to high income earners. I'm not sure what goes on for lower incomes. I hate individual taxation.
My bonus checks are usually hit with a 45% tax rate.



It is disheartening to bonus $12,000 and get a check for $6,600.

I am fortunate to get a monetary bonus and a stock bonus. I only pay capital gains when the stock vests AFAIK.

One time I won a contest where I got $500, they paid me $787 or something like that so I would really get my $500
Link Posted: 9/29/2011 9:02:58 PM EST
You were lucky enough that the government lets you keep that much. Your success is just a product of living in the United States, so it was never really yours to begin with.
Link Posted: 9/29/2011 9:06:28 PM EST
Welcome to my world
Link Posted: 9/29/2011 9:06:59 PM EST
you just spent half your bonus on gubmint cheese.
Link Posted: 9/29/2011 9:24:29 PM EST

Originally Posted By Partisan:
Somewhere a welfare parasite is smoking your check.


Link Posted: 9/29/2011 9:28:39 PM EST
Quit complaining and get back to work, we have more solar panels to fund.
Link Posted: 9/29/2011 9:32:33 PM EST
Too many Long legged mack daddy pix. I am gonna go throw up now.
Link Posted: 9/29/2011 9:41:12 PM EST
The Free Shit Army thanks you for paying your Fair Share™

Link Posted: 9/29/2011 9:42:33 PM EST
Bonus....WTF is that?!?!?
Link Posted: 9/29/2011 9:43:26 PM EST
Originally Posted By azjeeper:
Bonus....WTF is that?!?!?



most states, Welfare
Link Posted: 9/29/2011 10:06:16 PM EST

Originally Posted By 2tired2run:
Been on a bonus/commision plan for years so I'm used to this. Nothing sucks worse than losing 40% in taxes, it would be worse if my company didn't deduct 401K contributions from my bonus checks. Strangely they used to not do this.


I'm going to get flamed for this but if 15% is good enough for a guy flipping stocks WTF should I be paying 30+%?

Unless you are at the very top most tax bracket, you are going to get some of that money back at tax time. They do max withholding, which is likely not the same as the tax rate you will actually have to pay on that money.

And as far as those stock flippers, they are going to get fucked come 2013 too. 15% to 30%, I think. So rest easy, the Feds will leave no penny unturned.
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