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Hmm... I wonder why they thought the IRS would have a problem with that. I used to work for a large tech company that, at the end of each quarter, would count t
by jonas21 11y ago
Hmm... I wonder why they thought the IRS would have a problem with that. I used to work for a large tech company that, at the end of each quarter, would count the number of weeks you were on call, multiply that by $X, and then pay that to you as a bonus. It would get reported on your W2 and have taxes withheld, just like any other bonus.
- HeyLaughingBoy 11y agoThat was the problem. Apparently, in order to cut down on paperwork, someone had just bought a bunch of $x gift cards and they were handed out to the people on support each week. As a one-time thing, it probably wouldn't have been a problem, but as an ongoing perk, it needed to be taxed like a bonus.
- samstave 11y agoThe idea of taxing bonuses so heavily is an idea that should die in a fire. that said, the IRS should cap bonuses to some level - such that the bonuses in the finance industry are eliminated.
- AndrewDucker 11y agoBonuses are pay. They should be treated exactly the same as any other pay.