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Either that or he's a hypocrite. ... A tax law is not making something illegal.... still legal to get a big fat unearned bonus through the ponzi scheme business. Its just that the tax rate is going to be a mite high. We'll see what actually comes out of the sausage factory.
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www.businessinsider.com/obama-must-veto-the-90-bonus-ta...
www.businessinsider.com/obama-must-veto-the-90-bonus-tax-rate-2009-3
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Don't panic. There's still a long way to go before anything like this becomes the law of the land. ... Nonetheless, many people suspect that the final version of the bill will have a much lower tax rate and could even be rejected by Congress once the furor over the AIG bonuses has passed ... Obama Must Veto The 90% Bonus Tax Rate...
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www.businessinsider.com/house-passes-90-bonus-tax-2009-...
www.businessinsider.com/house-passes-90-bonus-tax-2009-3
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From what I understand - and since I work for the State my understanding of bonuses is pretty limited (although I do end up usually getting part of a bonus each year) - When you receive a bonus check they tax it at the highest possible rate. ... Bonus checks - tax rate - Gribble 2003-09-22 18:33:19 (3128 views)
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forums.warriorsworld.net/other/msgs/8493.phtml
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federal tax rate, bonus pay, bonus payments: Rebecca, Thanks for your question. There is no set rate for withholding on bonus payments. It depends on the amount of the bonus and the number of withholding allowances you take. ... Can you tell me the Federal tax rate for bonus pay? I thought is was 20%, but it seems as if it...
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en.allexperts.com/q/Tax-Law-Questions-932/rate-bonus-pa...
en.allexperts.com/q/Tax-Law-Questions-932/rate-bonus-pay-taxes.htm
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federal tax rate, payroll department, payroll check: Chris: unfortunetly the tax bracket for what i am hearing is that you are single claimed on your W4 with your employer and therefore you are being taxed at 10% also, any bonus above and beyond your regular pay is taxed additionaly however, I am not sure...
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en.allexperts.com/q/Accounting-Payroll-Pension-1418/Tax...
en.allexperts.com/q/Accounting-Payroll-Pension-1418/Taxing-Payroll-vs-Bonus.htm
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Proposals that could lead to Wall Street bonuses being taxed at 100 per cent could result in “the end of the banks as we know them now”, a leading financier warned yesterday. ... Robert Willens, a tax adviser to Wall Street banks, said: “If something even close to these proposals gets enacted, you could be facing a...
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business.timesonline.co.uk/tol/business/industry_sector...
business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5947159.ece
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Now assume you're paid every two weeks, but you suddenly receive a one-time bonus payment of $10,000. The payroll system will assume you're going to receive this amount every two weeks and apply taxes at a higher rate than your usual tax rate.
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www.oakwoodgroup.com/bonus.html
www.oakwoodgroup.com/bonus.html
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SO YOU'RE ANGRY that big bonus knocked you into the 33% tax bracket? Well, if it's any consolation, you don't have to pay the 33% tax rate on all your income.
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www.smartmoney.com/personal-finance/taxes/whats-your-av...
www.smartmoney.com/personal-finance/taxes/whats-your-average-tax-rate-9548/
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Federal is not 25%. They tax the bonus at the highest federal tax rate which is currently 35%. They you add medicare, social security and state tax on top. You will get the excess federal tax back when you file your taxes assuming you do not fall into the 35% tax bracket.
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forums.studentdoctor.net/showthread.php?t=601841
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