3 ms·
Most of those people would hopefully be above the social security threshold of around $100K/year so that would not apply. I think a marginal tax rate of more l
by mturmon 16y ago
Most of those people would hopefully be above the social security threshold of around $100K/year so that would not apply. I think a marginal tax rate of more like 30-40% is more accurate.
- kscaldef 16y agoIt depends on when in the year the bonus is delivered. If it's early in the year, it doesn't matter if you're going to hit the Social Security ceiling eventually, they take it out of your bonus. I speak from personal experience both on this matter, and on my previous accounting of only 30-40% of bonuses actually hitting my bank account.