Originally Posted by
eaglefly
It's fine if that supposed $10K bribe got your attention as long as you understand taxes will claim about 40% of that as unearned income, thus becoming a $500/month stipend for your first year.
That's peanuts in the scheme of things.
Nope. 25% will be withheld off the top and then at the end of the year, your tax liability will determine if you get anything else back. On 1st year regional FO salary, your tax rate should be 15%. You need to consider Medicare, SS and that crap, too, so let's call it 18%. Of course, each situation is unique.