Old 09-06-2021 | 11:19 PM
  #52  
dera
In a land of unicorns
 
Joined: Apr 2014
Posts: 7,072
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From: Whale FO
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Originally Posted by kevin18
No, you don’t. The withholding is higher. That’s it. At the end of the year your gross income is what determines the tax rate. If the bonus put you in a different tax bracket then yeah, it’s taxed slightly higher. However, if you are sitting below 80k gross your effective tax rate will be around 18%ish. So, that’s what you’re taxed at. None of us in the regionals with the single regional income will be in high tax brackets where you wouldn’t get some of that withholding back.
You are getting an FAA violation for altitude deviation between his joke and your comment.
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