googz187 t1_j0gftud wrote on December 16, 2022 at 1:40 PM

I like this. Bonus’ are usually taxed higher.

Edit: thanks to everyone for clarifying.

jorgepolak t1_j0gl0ib wrote on December 16, 2022 at 2:20 PM

They’re not. It’s just income like your normal paycheck.

farrowsharrows t1_j0gx5w2 wrote on December 16, 2022 at 3:45 PM

It's actually less you don't pay fica

SharpShooter2-8 t1_j0gzh2z wrote on December 16, 2022 at 4:00 PM

For US Federal Taxes, See section 7.

https://www.irs.gov/pub/irs-pdf/p15.pdf

IgneousMiraCole t1_j0i94qh wrote on December 16, 2022 at 9:00 PM

ITT people who really don’t understand the difference between withholding rates and income tax rates.

Snip3 t1_j0i8md8 wrote on December 16, 2022 at 8:57 PM

This comment is getting some flak, and correctly because it's wrong, but I can kind of see how someone would think that as bonuses are only withheld at a 22% tax rate so people who receive large bonuses probably notice paying more (or receiving less) during tax season than they're used to.