MMB meeting
07-17-2024 | 10:12 AM
#101
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Joined: Mar 2018
Posts: 292
Likes: 46
I would agree with you if they taxed bonuses at 100%. But they don't. You will still take home a large albeit heavily taxed check.
07-18-2024 | 12:31 PM
#103
Line Holder
Joined: Feb 2017
Posts: 365
Likes: 129
07-18-2024 | 02:29 PM
#104
Line Holder
Joined: Aug 2023
Posts: 703
Likes: 56
Partially correct. They can also use the aggregate method to determine the taxes on bonuses. That method can easily put a large bonus in the 37% bracket.
07-18-2024 | 05:20 PM
#105
Line Holder
Joined: Feb 2017
Posts: 365
Likes: 129
07-19-2024 | 02:55 AM
#106
Line Holder
Joined: Aug 2023
Posts: 703
Likes: 56
If you were here for the entire amendable period, you would currently be on 4th year pay. The company's last offer was a 22% pay increase on DOS. That would put a 757 FO at $202 per hour.
Now, let's say that the APRP for that FO was $50,000 over the 3+ years since the amendable date. Even at min BLG, the monthly pay for the aggregate method would be (68*202)+50,000. That would come up to $63,736. Multiply that by 12 months and you get a yearly taxable income of $764,832 which is above the threshold for the 37% tax rate.
07-19-2024 | 03:44 AM
#107
Line Holder
Joined: Feb 2017
Posts: 365
Likes: 129
Really, well let's do the math. For the aggregate method, you take the monthly pay plus the bonus and multiply that by 12.
If you were here for the entire amendable period, you would currently be on 4th year pay. The company's last offer was a 22% pay increase on DOS. That would put a 757 FO at $202 per hour.
Now, let's say that the APRP for that FO was $50,000 over the 3+ years since the amendable date. Even at min BLG, the monthly pay for the aggregate method would be (68*202)+50,000. That would come up to $63,736. Multiply that by 12 months and you get a yearly taxable income of $764,832 which is above the threshold for the 37% tax rate.
If you were here for the entire amendable period, you would currently be on 4th year pay. The company's last offer was a 22% pay increase on DOS. That would put a 757 FO at $202 per hour.
Now, let's say that the APRP for that FO was $50,000 over the 3+ years since the amendable date. Even at min BLG, the monthly pay for the aggregate method would be (68*202)+50,000. That would come up to $63,736. Multiply that by 12 months and you get a yearly taxable income of $764,832 which is above the threshold for the 37% tax rate.
07-19-2024 | 04:34 AM
#108
Line Holder
Joined: Aug 2023
Posts: 703
Likes: 56
So, what airline do you work for. As many posts as you make on the Fedex thread, you'd think you work for us.
IME, Fedex typically takes the max withholding on large bonuses.
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