Not sure in which country you speak of, but here in the US, bonus dollars are either taxed at 25% flat or based on your income. Whichever method the employer opts to use.
And I am pretty sure that most FOs in this industry will be in the effective tax range of 9-12%, so they will get a good portion of either amount back on their taxes.
Originally Posted by
Celeste
Kind of off topic... What's the difference in taxes between loan reimbursement and a signing bonus?
A lot of bonus money is taxed at 40-50%... if loan reimbursement is tax free or a lower tax rate, that would be huge... besides, the quicker payout to avoid accruing interest.