Any "Latest & Greatest" about Endeavor?
09-19-2016, 01:52 PM
#6841
Gets Weekends Off
Joined APC: Oct 2008
Position: CRJ-700
Posts: 177
Originally Posted by JesuitValen
*shrug* so you live in a state with income tax. That same state will give u it back at end of year, along with feds because that's how taxes work. People who make 7k a paycheck get charged at a higher tax rate than people who make 2k per check.
Meantime, have a kid.
Meantime, have a kid.
09-19-2016, 01:53 PM
#6842
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Joined APC: Mar 2016
Position: Here and there
Posts: 1,906
Originally Posted by Xelectro
Even if I subtract the NY State and NYC taxes, it's still taxed at 34%. Thought I read somewhere that it's taxed at 25%?
25% federal plus whatever your state tax is.
09-19-2016, 02:00 PM
#6847
Gets Weekends Off
Joined APC: Sep 2016
Posts: 480
Originally Posted by Xelectro
Even if I subtract the NY State and NYC taxes, it's still taxed at 34%. Thought I read somewhere that it's taxed at 25%?
Welcome to the progressive tax system.
09-19-2016, 02:02 PM
#6848
Gets Weekends Off
Joined APC: Mar 2016
Position: Here and there
Posts: 1,906
Originally Posted by Xelectro
No, I am too new to be eligible for 401K
There are
FED, Medicare and SS taxes equaling 34%
There are
FED, Medicare and SS taxes equaling 34%
Oh well we are only talking about the FICA tax, aka federal income tax. Medicare and SS taxes aren't refundable AFAIK.
09-19-2016, 02:39 PM
#6849
Gets Weekends Off
Joined APC: Dec 2013
Posts: 2,236
Update your deductions so the Feds take less money from you in your normal paychecks and then you can keep more of your money throughout the year instead of getting it back at the end of the year. As has been mentioned over and over, at the end of the year the bonus is treated the same as all of your income.
09-19-2016, 02:50 PM
#6850
Gets Weekends Off
Joined APC: Mar 2016
Position: Here and there
Posts: 1,906
Originally Posted by Nantonaku
Update your deductions so the Feds take less money from you in your normal paychecks and then you can keep more of your money throughout the year instead of getting it back at the end of the year. As has been mentioned over and over, at the end of the year the bonus is treated the same as all of your income.
Yep, can't agree more. No reason to give the government an interest free loan from your own stash. I find it hilarious when I hear someone celebrate a huge refund. Head meet door..
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