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Taxes Complaint!

Chloegirl Posted:

Taxes Complaint!

I am just so mad....I got my bonus at work and the government took 42% of it.

That is so UNFAIR!!!
Lisa Rose Posted:

Re: Taxes Complaint!

Welcome to the USA!!!
HeatherandNick Posted:

Re: Taxes Complaint!

remember that episode of FRIENDS where Rachel gets her first paycheck and says Who is FICA? Why is he getting all my money?

I feel the same way
Chloegirl Posted:

Re: Taxes Complaint!

I am very used to paying taxes...it's just 42%....I just thought that was A LOT!

I thought they would take 30-35%...seems more normal...guess I was wrong.
Lisa Rose Posted:

Re: Taxes Complaint!

it depends on what you got for your bonus. Your weekly (or bi-weekly) paycheck is based on a 52 year schedule...you get a certian amount each week and they take out taxes acordingly. When yiu get a bonus ( a large sum of money at one time) it looks like you make more (at a weekly level) and therefore higher taxes. I hope that makes sense!!

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