PSA: GWB is not helping the rich out with tax breaks

[DJSapp]

I throughly enjoyed giving up 49% of my bonus to the man.


Fucking.


Awesome.


I need to go find a loophole or a better tax shelter

[Steven S. Dallas]

So you're rich? Sweet.

[Hutch]

I'm thinking that they withheld 49%, and that it isn't necessarily going to the man, you just won't see it until you do your taxes.

Also, keep in mind that your hard-earned dollars are being used to, among other things: (1) spread democracy throughout the world, (2) leave no children behind, and (3) prevent nubile young babes from putting out.

[DJSapp]

I'm thinking that they withheld 49%, and that it isn't necessarily going to the man, you just won't see it until you do your taxes.

Exactly. When I get the big check once a year, it allows me to see how the upper crust lives. I'm just pissed that they didn't shoot a warning email out prior to depositing so I could dump a chunk of it into the 401k (edit: thus dropping out of the superelite tax withholding bracket). I just hate giving the gubernment a short term loan with zero interest.

[The AD]

I throughly enjoyed giving up 49% of my bonus to the man.

You work for Goldman Sachs, huh?

[Telenater]

Bonus?!?!

[LegoSkier]

Dude, you got a bonus. I didn't get shit.

Of course my work burned down so I wasn't really even expecting shit. And I get to work at home in my jammies so I guess you could call that a bonus. Still some cash would have been nice.

[DJSapp]

Dude, you got a bonus. I didn't get shit.

Of course my work burned down so I wasn't really even expecting shit. And I get to work at home in my birthday suit and take frequent 'breaks' with Divegirl so I guess you could call that a bonus. Still some cash or a mop would have been nice.

Fixed it for ya.

[smmokan]

Heh... you got a bonus, so STFU. Sure, I'll be getting one in February- but for Christmas, my group decided (without me, of course) to get our boss a gift! We didn't get shit, and then we're like "Here bossman, here's $100 gift card to so-and-so. It sure is nice getting a gift from us when you make $40k more than us, huh?" WTF???

[DJSapp]

Sigh, it seems everyone is missing my point. I'm not dickwaving about getting a bonus. Getting a bonus is awesome and I'm thankful for it. However, suddenly jumping up to the topmost tax bracket (really easy to do when you are paid weekly) and having the government take 49% of your paycheck until March at the earlyest, sucks.

(edit)
Example:
Bossman--Hey DJSapp, we're giving out bonuses this year. You'll get $2,000 with your check tomorrow.
DJSapp--FKNA!!! Awesome, now I can pay for Gordy's ski camp!!

The next day...

DJSapp--(opens paycheck) WTF?!?! This is only $700 more than my normal check, where's the other $1300?
Bossman--Oh, yeah, once you hit that level, the taxes really fuck you over.

[Grange]

Bonus?!?!

No shit. The only bonus I get is a notice that my heath insurance premium is going up in a couple of months.

[pappag]

Get an accountant that is a former IRS agent who passionately hates the government. Works wonders for me.

[P_McPoser]

Sigh, it seems everyone is missing my point. I'm not dickwaving about getting a bonus. Getting a bonus is awesome and I'm thankful for it. However, suddenly jumping up to the topmost tax bracket (really easy to do when you are paid weekly) and having the government take 49% of your paycheck until March at the earlyest, sucks.

(edit)
Example:
Bossman--Hey DJSapp, we're giving out bonuses this year. You'll get $2,000 with your check tomorrow.
DJSapp--FKNA!!! Awesome, now I can pay for Gordy's ski camp!!

The next day...

DJSapp--(opens paycheck) WTF?!?! This is only $700 more than my normal check, where's the other $1300?
Bossman--Oh, yeah, once you hit that level, the taxes really fuck you over.

Heh. That happened to me due to my signing bonus and relocation money last year. Would have owed a couple grand at tax time if I hadn't had paid sales tax on a 40,000 truck.

[warthog]

They do it to me every quarter. Commissions are taxed differently, I believe. Just pump more into the 401k like you said. Now you know.

[summit]

whats a bonus? is that where you get free money?

[laseranimal]

ha

You wanna know about how much I hate the government right now, state not federal. Fuckers at the Department of Social services are sitting on $9,000 worth of reimbursement check that goes to pay for disadvantaged kids to attend my daycare program. Basicly if you quailify your kid comes for a reduced rate and at the end of the month NY State picks up the difference. Only they haven't gotten the check out for October OR November yet, we haven't gotten paid in 4 weeks which means Christmas for my 2 year old is pretty much going to suck. I guess in the long run he's only two, we bought a couple of things that he's gonna like so he's got somethings to open under the tree, and if he's got to wait a week for our paychecks to clear so we can buy him more stuff he'll live but the whole thought sucks.

Fingers crossed that the big check is in the mail this afternoon so my wife and I can go out on a last minute shopping bender.

[CUBUCK]

whats a bonus? is that where you get free money?

there is nothing free about getting a bonus

[RootSkier]

there is nothing free about getting a bonus

I would disagree. I have had some awesome bosses who gave me huge bonuses at hourly jobs. That is pretty much like free money.

If you are a salaried sucka working 60 hours a week, then I agree with you.

[SKISC]

Every year I pay about 49% of my bonus in taxes. I get some of it back when I do my taxes but it still sucks for them to take it. Especially at Christmas time.