should I laugh or cry....

MikeG

MikeG

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I work for an automotive supply company, not one of the national chains, but we have close to 100 stores in the northeast and central east coast. I'm semi retired and not desperate for the cash but it keeps me busy and makes life a lot easier. The company decided to give us a Christmas bonus this year, just the counter and management workers, not drivers or stock people. I was pretty surprised when I looked at my direct deposit stub and found out they gave us a $25.00 bonus on a separate check and taxed it. My grand take home after deductions was a whopping $3.87. I feel like sending it back to them with a note saying they obviously need it more than me but that wouldn't be very gracious of me would it? I know they didn't have to give us anything, and the taxes are unavoidable I suppose but WTF? $25.00 won't even but lunch for 2 at McDonalds anymore and $3.87 won't buy the morning paper and a cup of coffee.

Rant over....crying in my beer and laughing about it.
 
MikeG said:
I work for an automotive supply company, not one of the national chains, but we have close to 100 stores in the northeast and central east coast. I'm semi retired and not desperate for the cash but it keeps me busy and makes life a lot easier. The company decided to give us a Christmas bonus this year, just the counter and management workers, not drivers or stock people. I was pretty surprised when I looked at my direct deposit stub and found out they gave us a $25.00 bonus on a separate check and taxed it. My grand take home after deductions was a whopping $3.87. I feel like sending it back to them with a note saying they obviously need it more than me but that wouldn't be very gracious of me would it? I know they didn't have to give us anything, and the taxes are unavoidable I suppose but WTF? $25.00 won't even but lunch for 2 at McDonalds anymore and $3.87 won't buy the morning paper and a cup of coffee.

Rant over....crying in my beer and laughing about it.
Click to expand...
In the early 90s I was the manager, architect, and lead programmer on a US military project to consolidate command and control in the pacific and to unify the Army, Navy and Air Force systems. Long story short, I did the impossible on a live highly secure system in an impossible amount of time. For this I got a couple of nice letters. One was from the commander in chief of the pacific thanking me for saving the US military $15M in the first year alone. No checks were included! Later I lead the winning of a $180M military follow-on contract for Computer Sciences Corp in Germany and was not even invited to the company win party in the states or given a raise - I went from managing 28 people to managing 100+. Didn't even get a thank you letter.

I have never received a Christmas or other bonus but I'm sure if I received $25 I would be pissed at the stupidity.
 
MikeG said:
I work for an automotive supply company, not one of the national chains, but we have close to 100 stores in the northeast and central east coast. I'm semi retired and not desperate for the cash but it keeps me busy and makes life a lot easier. The company decided to give us a Christmas bonus this year, just the counter and management workers, not drivers or stock people. I was pretty surprised when I looked at my direct deposit stub and found out they gave us a $25.00 bonus on a separate check and taxed it. My grand take home after deductions was a whopping $3.87. I feel like sending it back to them with a note saying they obviously need it more than me but that wouldn't be very gracious of me would it? I know they didn't have to give us anything, and the taxes are unavoidable I suppose but WTF? $25.00 won't even but lunch for 2 at McDonalds anymore and $3.87 won't buy the morning paper and a cup of coffee.

Rant over....crying in my beer and laughing about it.
Click to expand...

The company in which I am a principal, decides how much an employee should receive, then pays the taxes so the check issued equals the decided amount. Of course, the IRS considers the amount the employee receives plus the taxes we pay, as income earned by the employee.
Heads the IRS wins, tails, the wage earner loses.

Slick
 
texasSlick said:
The company in which I am a principal, decides how much an employee should receive, then pays the taxes so the check issued equals the decided amount. Of course, the IRS considers the amount the employee receives plus the taxes we pay, as income earned by the employee.
Heads the IRS wins, tails, the wage earner loses.

Slick
Click to expand...
That is very good of your company. I have received/dispensed bonuses globally and have never seen that done. However, everywhere it is common practice for deductions (401k, Super, etc) and taxes to be removed on the gross bonus amount before distributing the net amount.
 
Some companies used to be generous as well as sorting the tax
When I worked for Sony in the 1970’s we had a tax free hundred pounds which was a nice little tickle back then, we also received gifts as well.
Pity times have changed 🙈
One company I worked for in the not so distant past made great play and fanfare about giving us a Christmas turkey
When I picked mine up it was missing a leg and was bashed and bruised as if it had been used as a football.
Chucked mine in the skip at work …. turns out everyone’s turkey was the same
Anyway I’m happily retired and even happier to buy my own turkey
🤠🥳🥳🎉🎉😎
 
my employer once gave us a bonus in the form of gift vouchers for a nearby large (and expensive) department store, so basically a useless gift.

It turned out that a new television was needed for someone's office, so I volunteered to go to the department store and buy a telly using my gift vouchers. A Sony Trinitron as it happened....

I then claimed the cost of the telly on expenses...
 
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