Thread: 2023 Profit sharing ?
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Old 12-19-2023 | 01:27 PM
  #11  
Myfingershurt
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Joined: Jul 2015
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From: MD-88 FO
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Originally Posted by TNDeltaFlyboy
If your PS plan is the carbon copy of Delta's everyone says it is, then, no, prior year's PS isn't included. If it isn't, then you scored a big win with that.

And the IRS view PS payouts as a bonus, not normal income which is why taxes are withheld and a hire than normal rate.
Taxes on bonuses are withheld at 25%. I’d say that’s probably lower than most major airline pilots effective tax rate.
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