Originally Posted by
Tpinks
yes it was supposed to say gross.
We had the commuting stipend last year, everything was paid for by the company and receipts had to be turned in. Our W2’s did not include any type of mention of a stipend or anything to show non taxed income. So now that this is transferred into rates, it changes taxes in a major way.
Yes I’m getting 590 gross more per month but my taxable gross income has risen 2590 more per month. That is where the loss occurs.
At the end of the day, people can argue what is and isn’t taxable forever. However, the way company did it last year, there was zero accounting on the pilots side on their W2’s showing any kind of stipend. However, that will change with this new program as they have to somehow show the withholding as a reduction from someone’s normal hours worked and for that reason most people I have talked to has withdrawn from the Divy program.
as for being comparable to other’s rates… we are only just now comparable to everyone’s 2019/2020 rates. Everyone is in negotiations. Even Avelo is paying slightly more AND still giving a $1800 month commuting stipend on top of those rates.
dude! How much money are you making that your marginal tax rate is 140%? That’s crazy. Good for you.