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-   -   Taxes (https://www.airlinepilotforums.com/spirit/112684-taxes.html)

symbian simian 04-05-2018 01:01 PM
Originally Posted by Qotsaautopilot (Post 2565326)
Do you read your email? It’s coming April 20th as a separate check at the federal taxes will be 22%

Yes ALPA gets 1.95% but they did negotiate it for you and without them you’d have gotten nothing. A little perspective on the “grubby”
It will be withheld at 22%, I'm still not sure what it will be taxed at come April 2019. I have friends at SWA who owned a decent amount after getting withheld at the lower rate for their signing bonus. Wish a CPA could clarify.

nkbux 04-05-2018 02:43 PM
Originally Posted by symbian simian (Post 2565748)
It will be withheld at 22%, I'm still not sure what it will be taxed at come April 2019. I have friends at SWA who owned a decent amount after getting withheld at the lower rate for their signing bonus. Wish a CPA could clarify.

This is what I thought was gonna be the case...22% gets withheld plus a nice surprise come tax time next year

Lakeaffect 04-05-2018 03:08 PM
Originally Posted by nkbux (Post 2565820)
This is what I thought was gonna be the case...22% gets withheld plus a nice surprise come tax time next year
Married taxpayers filling jointly for 2018 between 165k-315k pay 24%. Effective tax rate will be lower than that, so 22% should be fairly accurate for most married captains. Unless off course your combined incomes are a lot higher than 315k.

Ed Force One 04-06-2018 08:46 AM
Think how much ALPA could have made if they took 1.95% of FULL RETRO!

We actually saved a ton of money here. Silver linings people... :mad:

Lakeaffect 04-06-2018 09:07 AM
Originally Posted by Ed Force One (Post 2566273)
Think how much ALPA could have made if they took 1.95% of FULL RETRO!

We actually saved a ton of money here. Silver linings people... :mad:
Full retro on United plus 1. Good thing they didn’t ask for that, their 1.95% would have been huge.

FLYBOYMATTHEW 04-07-2018 07:00 PM
Originally Posted by Qotsaautopilot (Post 2565326)
Do you read your email? It’s coming April 20th as a separate check at the federal taxes will be 22%

Yes ALPA gets 1.95% but they did negotiate it for you and without them you’d have gotten nothing. A little perspective on the “grubby”
But 1.95% is the industry-standard cut.

bruhaha 04-19-2018 10:39 AM
Got the bonus today.

Breakdown
22% FITW
1.95% union dues
1.45% Medicare
6.2% Social Security

You should be left with 68.4% of your bonus remaining assuming you didn't contribute up to 61% of it to your 401k

Chimpy 04-19-2018 10:57 AM
NJ took $7,000. FU NEW JERSEY

Chimpy 04-19-2018 10:58 AM
Originally Posted by bruhaha (Post 2575855)
Got the bonus today.

Breakdown
22% FITW
1.95% union dues
1.45% Medicare
6.2% Social Security

You should be left with 68.4% of your bonus remaining assuming you didn't contribute up to 61% of it to your 401k
Pfffff, not if you live in NJ 60%

flyguyniner11 04-19-2018 11:03 AM
Originally Posted by Chimpy (Post 2575868)
NJ took $7,000. FU NEW JERSEY
GD! NY took 4200$ from me. However your check is prob bigger than mine.


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