ALPA has literally nothing to do with it. LITERALLY. It's the people you elected and they will be the same people if it's Teamsters or PSAPA. The only thing ALPA does is provide resources to help fund flight pay loss and give resources you wouldn't have if you were on your own.
I'll I need from alpa is a nice baseball hat, can't even get that.
How much of that $20,000 are the Endeavor guys seeing per year due to bonus taxation? My calculations come up with around $12,500. I would still much rather see the pay tables updated across the board but time is money and it seems PSA needs to act fast. Should be interesting.
So bonuses are taxed at 35%? You're gonna have to show me that section of the tax code.
Bonuses are INCOME. Bonuses are taxed as INCOME. What's so hard to understand about that?
If this is true it is exactly what the Fall 2013 TA NC/MEC planned on. Take a hit now and take it back later when they can't fill classes. I disagreed at the time, but it looks like their plan is working out.
Same guys that were behind the SAP and critical pay portion of our contract.
So bonuses are taxed at 35%? You're gonna have to show me that section of the tax code.
Bonuses are INCOME. Bonuses are taxed as INCOME. What's so hard to understand about that?
That $12,500 number had additional cash withheld for medicare/social security as well (which are withheld from bonuses). Bonuses are taxed as "supplemental" income and thus taxed at the higher rate of 25%. Pretty black and white if you ask me.
That $12,500 number had additional cash withheld for medicare/social security as well (which are withheld from bonuses). Bonuses are taxed as "supplemental" income and thus taxed at the higher rate of 25%. Pretty black and white if you ask me.
The 25% you quote is what will be withheld. It is not what the tax will be on your total income when you file your return. Whatever your tax rate is (15%-20% most likely) what you pay. You're more than likely to get a big refund as a result.
That $12,500 number had additional cash withheld for medicare/social security as well (which are withheld from bonuses). Bonuses are taxed as "supplemental" income and thus taxed at the higher rate of 25%. Pretty black and white if you ask me.
The 25% you quote is what will be withheld. It is not what the tax will be on your total income when you file your return. Whatever your tax rate is (15%-20% most likely) what you pay. You're more than likely to get a big refund as a result.
Is it possible that you may be confusing "withholdings" with marginal tax rates?
Is it possible that you may be confusing "withholdings" with marginal tax rates?
No, I was explaining the difference between the two, which Bucksilver is confused about. In my prior life in corporate accounting, I dealt with this very thing. Just because it's withheld at a higher rate doesn't necessarily mean you're being taxed more. It's all worked out when you file your return.
If this is true it is exactly what the Fall 2013 TA NC/MEC planned on. Take a hit now and take it back later when they can't fill classes. I disagreed at the time, but it looks like their plan is working out.
Same guys that were behind the SAP and critical pay portion of our contract.
Seems they did a good job.
Hope I'm wrong but with a ten year pretty fresh CBA I would expect more of a dragged on staff all we can, for as cheap as we can, for as long as we can kinda situation. "Hello this is crew scheduling , we have a junior man for you " kinda situation
03-13-2022
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