Saturday, March 28, 2020

Why are bonuses taxed?

Dalia Causby: It is income, same as salary or wages.

Luke Creitz: Because all income is taxed. Thank your local Democrat.

Delphine Cajka: Because its Govt Rules

Elinore Schlinker: All income is taxed.

Randa Hessell: Why is it taxed?... Does this mean if I give someone money just for the heck of it, that too must be taxed?

Toya Braskett: lol...... bonus pay , pay is income , income is taxed...... grand ma dies ... you inherit .... yup inherit tax .....

Kaley Lappas: I havent an idea

Hunter Osterberger: All income is taxed. Why would bonuses be excluded????Because a bonus can't be annualized, they are taxed at the highest tax rate.

Reyes Brunell: because taxes and death are unavoidable

Leann Villalta: Yes. It's all considered income!

Ninfa Asby: Bonuses are income.

Hye Caulley: Idk

Virgil Loatman: Yes. And if you give someone money just for the heck of it, yes, that's taxed, too. However, in US tax! code, gift tax is paid by the giver, but if the giver fails to pay the tax, the receiver becomes liable for it.

Rebbecca Sorkin: Why is Social Security?Why are unemployment benefits?Neither actually was until Reagan.Bonus pay is just like overtime for an hourly worker.It is still earned income....Show more

Dominic Sciancalepore: For fun

Ileen Oshell: All income share have to give their liberals

Coleman Coscia: Just be wealthy and the Republicans will cut your taxes. They don't want billionaires applying for food stamps, so they give them a tax cut.

Garry Ohmen: Everything is taxed even birth control pills and prescription drugs. The government leaders vote to give themselves big raises, the best health care in the world, private jets, and limos. They also waste more tax money on pet projects and receive insider trade information. They give their wife, their daughter, and son-in-law cushy government jobs--doing nothing.

Felicitas Phildor! : Because liberals have to get their share.

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