Originally Posted by
RedeyeAV8r
Actually a good question. I believe YOU will bear the xtra tax burden on the extra 6K the company paid on your behalf. Anything thing you get In your pocket or Paid to a 3rd party on your behalf will be taxed as income you received.
Just lie when the closed EWR and gave the ones that took it a paid move to MEM. While the move package was a good deal because they paid everything, the extra benny was taxed as income. While the company did give me some cash (1 months base salary) to cover the additional taxes)
My taxes were higher that year.
Redeye,
That was my point. They give you another 6k to cover taxes on your extra 12k then your income goes up 6k then they give you another 30% of 6k ($1800) to cover the taxes on that now you owe taxes on 1800 more then they pay you....well, you get the picture....
Past....