Register to leave a comment, or log in if you already have an account
The whole xmas secretary gift thing is a bunch of socialist bullshit. You know why? It takes $$$ that is really income to secretaries who are in low tax brackets and it runs it through the income taxes of much higher bracket individuals.
What happens is: Banker makes $1000, pays $500 to gov’t, gives “gift” of $500 to secretary.
What SHOULD happen is: Banker makes $900 less than he otherwise would, employer gives $700 bonus to sec’y, sec’y pays $100 to gov’t.
Banker ends up $100 better off (before tax), sec’y ends up $100 better off (before tax), employer ends up $200 better off (before tax). Fuck the government.
Lech, do you really think that the admins here getting $30K in “suggested” gifts directly from the people they cover shows up anywhere on their tax returns?
Donatella, Yanks should just move on. Dude made his choice and was willing to put money where his mouth was – ie willing to take less to play on team he liked better.
Rob, if some Wall Streeter or corporate lawyer gets a bonus larger than your salary doubled or tripled, damn right I’d like to see some taxes taken out. Even without that money, they are in tall timber. However, my former samplemaker, who made $32K a year, and never got a raise in the ten years she worked for the company, should be able to get $300 from my boss without a penny deducted.
Call it unfair, call it socialism, I don’t care, it’s what I think is right.
1. $$$ to an employee around xmas is either compensation or a gift.
2. If it’s compensation from the employer, the employer gets to deduct it and it’s income to the employee.
3. If one employee gives $$ to another, I think it’s pretty f’ing silly to not just consider it comp from the employer to the second employee, because it’s basically mandatory as we all know, but whatever, we’re humans so we live off of mutually agreed bullshit, so we pretend it’s a gift, meaning you can give max $10k per year to the second employee before incurring gift tax (payable by giver of the gift) and it’s not taxable income to the recipient.
The whole xmas secretary gift thing is a bunch of socialist bullshit. You know why? It takes $$$ that is really income to secretaries who are in low tax brackets and it runs it through the income taxes of much higher bracket individuals.
What happens is: Banker makes $1000, pays $500 to gov’t, gives “gift” of $500 to secretary.
What SHOULD happen is: Banker makes $900 less than he otherwise would, employer gives $700 bonus to sec’y, sec’y pays $100 to gov’t.
Banker ends up $100 better off (before tax), sec’y ends up $100 better off (before tax), employer ends up $200 better off (before tax). Fuck the government.
rob, did you pay taxes on the money your granny sent you?
Lech, do you really think that the admins here getting $30K in “suggested” gifts directly from the people they cover shows up anywhere on their tax returns?
Donatella, Yanks should just move on. Dude made his choice and was willing to put money where his mouth was – ie willing to take less to play on team he liked better.
Rob, if some Wall Streeter or corporate lawyer gets a bonus larger than your salary doubled or tripled, damn right I’d like to see some taxes taken out. Even without that money, they are in tall timber. However, my former samplemaker, who made $32K a year, and never got a raise in the ten years she worked for the company, should be able to get $300 from my boss without a penny deducted.
Call it unfair, call it socialism, I don’t care, it’s what I think is right.
Dona, do you work with longshoremen on the docks in Jersey?
OK people before we all get confused.
1. $$$ to an employee around xmas is either compensation or a gift.
2. If it’s compensation from the employer, the employer gets to deduct it and it’s income to the employee.
3. If one employee gives $$ to another, I think it’s pretty f’ing silly to not just consider it comp from the employer to the second employee, because it’s basically mandatory as we all know, but whatever, we’re humans so we live off of mutually agreed bullshit, so we pretend it’s a gift, meaning you can give max $10k per year to the second employee before incurring gift tax (payable by giver of the gift) and it’s not taxable income to the recipient.
There. Friendly tax advice.
Dona…typical dumbass Yankeee fan talk.
no im just trying to understand why she thinks people who make big bonuses should have to pay taxes but people who make small ones shouldnt.
it’s like nannies who dont pay taxes on their income!!!
*rob*