Originally Posted by
kevin18
You’re right. It’ll be more. I don’t understand why people can’t wrap their head around the fact that withholding is different than actual taxes. Yes, the withholding is higher. However, you’ll get a bunch of it back when you file because the effective tax is lower than what the withholding is.
Everyone knows you pay more in taxes on bonuses. They teach you that in indoc during the finance section. It’s right after virology and just before relationship counseling.