Regional FO's going to Endeavor (xjt, psa)
02-08-2015, 07:49 AM
#11
Gets Weekends Off
Joined APC: Feb 2011
Posts: 2,146
Originally Posted by Jefferson
Expressjet has lost some F/O's to other regionals... We have also had some of those call and see if they can get their jobs back after 3 months.
02-08-2015, 07:53 AM
#12
Gets Weekends Off
Joined APC: Feb 2013
Posts: 2,940
People are kind of clueless about taxes. Sure, more money may be withheld out of your bonus, maybe as high as 35% but it doesn't matter, it all comes on in the wash at the end of the year refund time you just get a bigger refund.
Of course there is the possibility a bonus can push you into a higher income tax bracket because your income is higher but that's like saying I don't want to be a millionaire because I would have to pay more taxes.
Of course there is the possibility a bonus can push you into a higher income tax bracket because your income is higher but that's like saying I don't want to be a millionaire because I would have to pay more taxes.
02-08-2015, 08:17 AM
#13
Gets Weekends Off
Joined APC: Jun 2013
Posts: 806
Originally Posted by tom11011
People are kind of clueless about taxes. Sure, more money may be withheld out of your bonus, maybe as high as 35% but it doesn't matter, it all comes on in the wash at the end of the year refund time you just get a bigger refund.
Of course there is the possibility a bonus can push you into a higher income tax bracket because your income is higher but that's like saying I don't want to be a millionaire because I would have to pay more taxes.
Of course there is the possibility a bonus can push you into a higher income tax bracket because your income is higher but that's like saying I don't want to be a millionaire because I would have to pay more taxes.
02-08-2015, 08:35 AM
#16
Banned
Joined APC: Jan 2015
Posts: 988
Originally Posted by Tacos
The bonus isn't worth it. If I understand correct, $20,000 per year over four years. Bonuses are taxed heavily. You would likely wind up with about 10K per year. Unless you put it into your 401K. In any case, spending 4 years at Pinnacle with no chance of upgrade isn't worth 10K per year. And that's conservative considering they have among they lowest pay rates and yearly caps. Yearly income wouldn't be much more. Not to mention captain pay at a regional with a short upgrade. Just another carrot. No way I'd take the risk of being there for that.
02-08-2015, 09:54 AM
#17
Gets Weekends Off
Joined APC: Oct 2013
Posts: 507
Originally Posted by Da40Pilot
That bonus won't push you into a higher tax bracket for your entire earnings though. If you're making $40k a year and that's including the bonus, you'll probably get taxed 15% on $32k and 20% on the remainining $8k just to give an example. It's not like you enter into a whole new tax bracket from the first dollar you make because you're now getting a bonus.
02-08-2015, 10:46 AM
#18
Gets Weekends Off
Joined APC: Jul 2010
Position: 7er
Posts: 1,673
Originally Posted by Tacos
The bonus isn't worth it. If I understand correct, $20,000 per year over four years. Bonuses are taxed heavily. You would likely wind up with about 10K per year. Unless you put it into your 401K. In any case, spending 4 years at Pinnacle with no chance of upgrade isn't worth 10K per year. And that's conservative considering they have among they lowest pay rates and yearly caps. Yearly income wouldn't be much more. Not to mention captain pay at a regional with a short upgrade. Just another carrot. No way I'd take the risk of being there for that.
02-08-2015, 04:15 PM
#20
Gets Weekends Off
Joined APC: Aug 2011
Position: Slightly less broke side of RJ
Posts: 132
Originally Posted by TallFlyer
I really doubt any PSA guys are going. Even with their bonus one could make more money at PSA, especially since the latest Capt award went to an 8/14 hire.
Thread
Thread Starter
Forum
Replies
Last Post
