I get my information from IRS.GOV as well as state tax rates.
I took the literary of running numbers. On a $4,000 bonus with CA state tax, Medicare, SDI, SS taken into consideration, it comes out to 46% is what the government took. That leaves 54% for take home.
All I'm saying, is that it's a nice gesture by Ameriflight, but will not keep the pilots from leaving.
[QUOTE=GunnerV;1862786]
Originally Posted by
Lasko
You only keep half of that after taxes... It seems to be lacking compared to some regionals (endeavor). It's a start, but I foresee staffing problems to continue.[/QUOTE
I dont know what tax bracket you are in, but the truth is the IRS will withhold 25% of your bonus, but that is just withholding. You will get most of that back when you file your taxes (for most single income pilots). Endeavor's bonus is higher but their base pay is lower so its a 1900 or Metro pilot will make more here.