whats the story on bases, I saw a few weeks back there was speculation on closing salisbury and MDT but I wasn't sure if something new had come up regarding that. I'm interviewing in a week or so and envoy as well so i'm trying to weight my options assuming things go well.

11-12-2016 | 06:51 AM

#9984

Apokleros

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Joined: Apr 2012

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From: ERJ

How much is actually left over from the bonus? Federal tax rate of 25% as well as state income-tax?

11-12-2016 | 06:54 AM

#9985

sailingfun

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Joined: Feb 2008

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Quote:

Originally Posted by Apokleros

How much is actually left over from the bonus? Federal tax rate of 25% as well as state income-tax?

The Federal tax rate is not 25%. It is whatever your overall tax rate ends up for the year. For most FO's that is probably around 15%. It is withheld at 25% but not taxed at that rate.

11-12-2016 | 06:56 AM

#9986

sailingfun

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Joined: Feb 2008

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Quote:

Originally Posted by PDTFlyer

1099 it's up to you to pay the tax bill on it. W2 would have the taxes pulled out of it already

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Tax is the same either way.

11-12-2016 | 06:58 AM

#9987

PDTFlyer

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Joined: Oct 2016

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Quote:

Originally Posted by sailingfun

Tax is the same either way.

Agreed, one you have physically write a check to pay it, vs. it being withheld

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11-12-2016 | 06:59 AM

#9988

LivnthedrM

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Joined: Feb 2011

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Quote:

Originally Posted by PDTFlyer

1099 it's up to you to pay the tax bill on it. W2 would have the taxes pulled out of it already

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It makes a big difference. Apparently you aren't aware of how taxes work.
A 1099 is your tax bracket plus a 15% self-employment tax, plus state tax.

11-12-2016 | 07:40 AM

#9989

60av8tor

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Joined: Jan 2011

Posts: 949

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Quote:

Originally Posted by Jecain7

Was told the following when I asked during my interview, take it FWIW: all but PHL are going away, Roanoke being the last to close, no timeline given. No word on another base, but "I cannot see" (recruiter's words) everything being out of PHL.

Full disclosure, I have no real-word info on the situation - in the December class. Others on property may laugh at the above... Just passing on what I was told when I asked.