Thread: Ameriflight
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Old 04-15-2015 | 08:06 PM
  #2453  
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GunnerV
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[QUOTE=Lasko;1862839]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.


Lasko,
I agree with your example above, although filing single and zero in California would be a worst case scenario. In my former job as a contractor, 2/3 of my pay was in bonus money. I would wind up with net pay of roughly half of gross, as your example shows, but I would wind up with monster tax refund checks every year. Some of that can be offset by changing your withholding status, but that is an individual's preference.
I just wanted to clarify that out of the $1076 the gov took out of your paycheck, you will see probably half of that back when you file. I have found that there is a lot of confusion out there about the difference between withholding and actual tax rates or brackets.
As far as whether this will stop people from leaving, I guess we will have to wait and see. I know it was pretty well received from the folks I have talked to, and personally, I'm always down for extra cash.
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