Quote:
I think you are equating "withholding table" with "tax bracket" and "withholding" with "tax liability." These terms are not interchangeable and I was deliberate about the terms I used in my reply.Originally Posted by BobJenkins
This would only be true if you were already near the upper tax bracket limit, and the bonus pushed you over said limit. The tax brackets are based on total income, not monthly, and you only pay higher taxes in any given month if you hit that higher bracket, and would CONTINUE to pay the higher rate for the rest of the year.