2017 Christmas - Just received my 2017 Xmas Bonus - 40% went to taxes

[ZeroPatience]

40% went to taxes, state and federal combined  

[ilalin]

so, it means you're making quite a bit of dough.
if you're feeling unhappy, think about death at least five times a day, the Buddhists say...
just before  death, majority of sane people realize that the only thing that was important in their otherwise unimportant lives, was relationships with others.

[CalvinH]

Same here.


....Ron was generous to the mods this year

[Dave D]

My bonus was a 12 month subscription  the jelly of the month club. Tax free.

[ZeroPatience]

so, it means you're making quite a bit of dough.
if you're feeling unhappy, think about death at least five times a day, the Buddhists say...
just before  death, majority of sane people realize that the only thing that was important in their otherwise unimportant lives, was relationships with others.

Thanks for the advice. And no, not really making that much dough. However, the bonus was decent. I guess I was expecting around 30% to taxes, but not 40! Anyway, taking the family on vacation for spring break. LA for Magic Mountain amusement park (for my son) then on to Vegas (for me).

[Wiggs]

My bonus was a 12 month subscription  the jelly of the month club. Tax free.

I was just about to write this. Lol.

[Dave D]

I was just about to write this. Lol.

You still have Wally World and Vegas vacation quips open.

Thanks for the advice. And no, not really making that much dough. However, the bonus was decent. I guess I was expecting around 30% to taxes, but not 40! Anyway, taking the family on vacation for spring break. LA for Magic Mountain amusement park (for my son) then on to Vegas (for me).

[residue]

40% went to taxes, state and federal combined 

is this your first ever bonus, it's supplemental income. you should have put that in your 401k to avoid the tax rate

[Griffith]

40 % 'tax' by any government is criminal, along with VAT, capital gains tax, fuel  tax, donation tax, transfer duty, inheritance tax, municipal tax and all the other excuses to steal money from working people.

[SF1900]

My bonus was a 12 month subscription  the jelly of the month club. Tax free.

[Tennisballz]

My bonus was a 12 month subscription  the jelly of the month club. Tax free.

an all time classic scene!

[stuntmovie]

ZERO, I don't know if you are familiar with VEGAS, but if you want some good advice about hotels, food, gambling, night life and other activities ... RANGERWILL, WIGGS and myself are available .

An unsolicited few recommendations:

1. Be aware that almost all the hotels now charge what they call a 'Resort Fee' so figure adding on another $25 or so to the advertised nightly hotel rate. And try not to laugh when you ask the check-in clerk to point you to the resort! (Hotels.com is pretty damn good to take a look at!)

2. Don't play BJ in any casino that pays even money for a Blackjack.
They are ripping you off. And avoid all BJ tables that use the continuous shuffling machine.

3. If you want a decent cheap place to have a decent meal .... try Ellis Island, open 24 hours! Best Fish and Chips in town! And Ellis  has a separate restaurant that serves the best Baby Back Ribs I've ever had!

4. Take full advantage of the comps by using a Player's Club Card. I receive an endless supply of Christmas gifts and buffets  (about 6 a month) and hotel stays even though I am a damn cheap gambler.

5. Avoid driving down the Strip at night! if you are in a hurry to get someplace.

and DO NOT EAT AT THE SW STEAK HOUSE!!

Sorry to be off track!

[Mr Anabolic]

40% went to taxes, state and federal combined 

Quite normal actually.  You get some of those taxes back after you file at the end of the year.

Companies give bonuses for 2 main reasons:

1. Psychology and incentive.  Dissuades people from slacking off in hopes they will receive a higher year end bonus.

2. It is a tax shelter for your employer.  It shifts a certain % of your yearly compensation tax on you.


My bonus is usually between 15-25% depending on how well the company did during the year.  People who work in banking and Wall St. receive obscene bonuses, 100% is not uncommon.  A typical CEO's bonus can be even higher.

[dan18]

40% went to taxes, state and federal combined 

I have zero patience for this high tax shit do you claim any kids that helps

[ZeroPatience]

Stunt,

Thanks for the advice. I was just in Vegas last month with my friends and have never had so much fun. I instantly thought of my son and how he would love all of the awesome swimming pools, arcades, and rides. Of course the wife will enjoy herself at the pool too. I know about the daily resort fee; that's become pretty standard at any hotel. I am thinking of the Circus Circus. They have the big arcade, indoor amusement park, and a couple of water slides at the pool. 3 night stay will currently cost about $250.

[residue]

if you work for a small buisness and your highers ups are cool, try to talk them into processing it as a 2nd payroll instead of a bonus

[Coach is Back!]

We received most of our deposits (50%) this week for our NFL Combine class. We immediately send out a portion of that for taxes.

[Dan-O]

I got a rock.

[dan18]

I got a rock.

I see what you did there Charlie brown-o

[Agnostic007]

ZERO, I don't know if you are familiar with VEGAS, but if you want some good advice about hotels, food, gambling, night life and other activities ... RANGERWILL, WIGGS and myself are available .

An unsolicited few recommendations:

1. Be aware that almost all the hotels now charge what they call a 'Resort Fee' so figure adding on another $25 or so to the advertised nightly hotel rate. And try not to laugh when you ask the check-in clerk to point you to the resort! (Hotels.com is pretty damn good to take a look at!)

2. Don't play BJ in any casino that pays even money for a Blackjack.
They are ripping you off. And avoid all BJ tables that use the continuous shuffling machine.

3. If you want a decent cheap place to have a decent meal .... try Ellis Island, open 24 hours! Best Fish and Chips in town! And Ellis  has a separate restaurant that serves the best Baby Back Ribs I've ever had!

4. Take full advantage of the comps by using a Player's Club Card. I receive an endless supply of Christmas gifts and buffets  (about 6 a month) and hotel stays even though I am a damn cheap gambler.

5. Avoid driving down the Strip at night! if you are in a hurry to get someplace.

and DO NOT EAT AT THE SW STEAK HOUSE!!

Sorry to be off track!

Heading there this afternoon, I'll keep those tips in mind. The resort fee pisses me off... I think we all long for the good old vegas days when they gave a crap if you came to their casino. We had a deal. I would lose my money there, they would make me feel better about it by giving me free things.. Today, they have so much traffic they couldn't care any less about you unless you are betting minimum $100 a hand. Even then, they laugh if you ask for comps to a name brand show. 

[Henda]

Getting fuck all other than having a sum of my own money for bought materials tied up over Christmas in a job for an awkward customer who changes his mind every other day and expects extras for nothing and now can’t get the rest of materials to finish the job till the fucking new year.

[stuntmovie]

ZERO, Circus Circus is probably best for the kids but I avoid it like the plague except for an occasional visit to the Steak House which I believe is still among the  best in town.

Back in the day when CC was brand new the casino floor was kind of like an actual three ring circus with the trapeze artists flying directly above your head over the craps and blackjack tables.

I even had a baby elephant stop beside me while playing and begged for a peanut or something to eat which the trainer usually provided.

It was a class act circus show back then ... but times have changed and so has Circus Circus.

But the room rates are among the best along the Strip and I think they still provide free parking .... but I'm not positive about that.

BTW ... Many of us locals avoid any casino that requires a parking fee  and to the best of my knowledge SLS is the only Strip Hotel/Casino that I'm sure about that welcomes guest with a free parking space.

[WannaBePro]

Not sure if companies in the states do similar to here, but at the company I work for we can choose to either take the bonus as cash and give 50% away as tax or we can get the whole thing deposited into your RRSP (I think in the states its called 401k) account.

[SF1900]

No bonus from Sears and Roebucks.

[stuntmovie]

Yea, AGNOSTIC!  Times have definitely changed here in Vegas, but to be honest with ya the LV casinos don't get as much traffic as they use to get back about 12 ago when you actually had to wait a while to get a seat at a BJ table and could not find an open spot at the Craps table.

I was here in the good old "years" when all the casinos were jammed packed and no Strip hotel would allow you to rent a room for more than three nights so you had to find another hotel if you planned to stay longer.

And back then there were a couple of dozen motel type places on East Fremont Street (Downtown LV) where  you could stay when all the other LV hotels were sold out.

And they have all been torn down now except for a couple that house the hookers.

And sometimes if your came to LV without a room reservation, you were fooked. That's why you'll never find a couch nor a big comfortable chair on a casino floor nor in a hotel lobby.

And the gang who owned the casinos (before they were incorporated) would greet your as you came in and walk throughout the slot area and say, "Thanks for playing at Binions!" and hand you a roll of two of nickels or an invite to have a dinner on the house.

It was only a couple of years ago that I would walk through any casino blind-folded and never bump into another blind-folded gambler.

Business was honestly that bad.

So in an effort to recover from that lost revenue .... they charge for parking, change the game of Blackjack in the casino's favor, tell you that you have to pay a resort fee when you check out their ain't no resort, and raise buffet prices while cooking cheaper chicken.

I fight changes but it ain't working too damn well because the college kids who arrive in town today have no idea how BJ was intended to be played and thereby allow the casinos to take them to the cleaners.

FREE THINGS are given today because those free things are what bring a lot of the local to the casinos  and make the out of town visitors think that LV business is alive and well.

I get about 8 gifts a week from three different casinos for a  total of 32 gifts a month ..... and I wrap them up and give them away as Christmas gifts .... T-shirts, sweat shirts, hats, jackets, dinnerware, wine, whiskey, etc. plus a good number of free buffets and free slot play, etc.

Today I get  free electric can opener! OH BOY!

But I don't play big enough to get free tickets to fights nor the concerts ...  except for the rodeo events which I seldom use.

Good luck at the tables! If you hear someone bitching to one of the bosses about the pay-outs.... Say "Hello"!.... It's probably me!

If you play the slots and want to win a little bit... try Buffalo and Kitty Glitter in one of the local casinos.