View Poll Results: How Much Bonus (Pre Tax) Are You Expecting? How Are You Spending It?
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Less than $1k
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5 |
7.35% |
$1k-$3k
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5 |
7.35% |
$3k-$5k
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5 |
7.35% |
$5k-$10k
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3 |
4.41% |
$10k-$15k
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4 |
5.88% |
$15k-$20k
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1 |
1.47% |
$20k-$25k
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1 |
1.47% |
$25k-$30k
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0 |
0% |
more than $30k
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2 |
2.94% |
No bonus
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18 |
26.47% |
Invest all of it
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11 |
16.18% |
Invest 75-100%
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6 |
8.82% |
Invest 50-75%
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1 |
1.47% |
Invest 25-50%
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1 |
1.47% |
Invest 10-25%
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0 |
0% |
Invest less than 10%
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0 |
0% |
Blow it all!
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1 |
1.47% |
More than $50k
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4 |
5.88% |
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11-03-2005, 09:58 AM
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#1
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Moderator Emeritus
Join Date: Jul 2005
Posts: 2,811
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Bonus?
With all this talk of bonus money coming up I thought I would beat DanTien to the punch and create a poll on this.*
So, how much do you think (know) you will get in your bonus over the next few months since some of them are given near the holidays and others in the first few months of the new year?
__________________
Work? I don't have time to work....I'm retired.
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11-03-2005, 10:22 AM
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#2
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Re: Bonus?
I expect a good "bonus" mostly because I am taking a small draw. But it will all be eaten by taxes.
__________________
.
No more lawyer stuff, no more political stuff, so no more CYA
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11-03-2005, 10:26 AM
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#3
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Full time employment: Posting here.
Join Date: Jun 2005
Posts: 517
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Re: Bonus?
Year end bonus is a great way to fund next year's Roth...
CJ
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11-03-2005, 10:59 AM
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#4
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Moderator Emeritus
Join Date: Jul 2005
Posts: 2,811
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Re: Bonus?
DW gets one at the end of the month. It will all (after tax) be invested.
I may get one (not a sure thing) next year (1st QTR). The amount is tied to goals and company performance. I made my goals but the company did not, so I get screwed. I may have enough for a couple tanks of gas (maybe ).
My bonuses have not ever been very much compared to what I hear about. I guess a lot of it is industry (service) related and also your pecking order in the company.
__________________
Work? I don't have time to work....I'm retired.
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11-03-2005, 01:19 PM
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#5
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Recycles dryer sheets
Join Date: Jun 2004
Posts: 229
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Re: Bonus?
We get quarterly bonuses. Mine are usually about $1,500 (after taxes). I love getting a bonus; its like "found" money.
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11-03-2005, 05:12 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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Re: Bonus?
Bonus will equate to about 80% of my total pre-tax comp. 100% of what's left after the government gets done mauling me is saved.
__________________
Retired early, traveling perpetually.
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11-04-2005, 04:03 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Apr 2004
Posts: 1,463
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Re: Bonus?
I included the bonuses we have already taken in March and June as part of a total annual bonus amount.* *
Did not include dividend as that is intended to ofset S-Corp tax liabilities.
I might have lied about saving it all if I end up buying a new car, though.
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11-05-2005, 05:58 AM
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#8
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Recycles dryer sheets
Join Date: May 2005
Posts: 288
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Re: Bonus?
Quote:
Originally Posted by Sheryl
I might have lied about saving it all if I end up buying a new car, though.
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I hope that car is for someone in Honduras.
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11-05-2005, 08:41 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Apr 2004
Posts: 1,463
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Re: Bonus?
Quote:
Originally Posted by moghopper
I hope that car is for someone in Honduras.
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Ouch
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11-08-2005, 10:18 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Re: Bonus?
Last year's bonus was $30K, but this year's bonus will be 0.
__________________
May we live in peace and harmony and be free from all human sufferings.
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11-09-2005, 02:11 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Posts: 1,798
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Re: Bonus?
Dude?!?!?!?!? Your bonus was more than my pay!
Oh and my bonus was a $50.00 grocery card. I gotta find another job.
__________________
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
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11-09-2005, 06:25 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 1,466
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Re: Bonus?
Quote:
Originally Posted by lets-retire
Dude?!?!?!?!? Your bonus was more than my pay!
Oh and my bonus was a $50.00 grocery card. I gotta find another job.
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Yes, 30K is nice bonus, however Uncle Sam takes roughly 52% of it :P Plus high bonuses throw you into a higher tax bracket. Trust me, it's not all that's it's cracked to be,
__________________
fuzzy? cute?
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11-09-2005, 06:49 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Re: Bonus?
That's true. One of the drawback of a bonus is that your tax bracket will be raised. Last year, we had to pay AMT (alternative minimum tax) also. I am not complaining though.
P.S. Compensation that includes a bonus is not as rosy as it seems since the company artificially keeps the base salary low (relative to the market) and offers bonus as an incentive to work harder toward milestones and company objectives.
__________________
May we live in peace and harmony and be free from all human sufferings.
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11-09-2005, 07:59 AM
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#14
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Moderator Emeritus
Join Date: Jul 2005
Posts: 2,811
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Re: Bonus?
Quote:
Originally Posted by Spanky
That's true. One of the drawback of a bonus is that your tax bracket will be raised. Last year, we had to pay AMT (alternative minimum tax) also. I am complaining though.
P.S. Compensation that includes a bonus is not as rosy as it seems since the company artificially keeps the base salary low (relative to the market) and offers bonus as an incentive to work harder toward milestones and company objectives.
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Maybe so, but, imagine doing all that and NOT getting a bonus? What would be worse? Paying additional tax and having the additional after-tax income or not having the additional income at all while still doing the same amount of work?
But, Dude, $30,000 bonus!! That is a chunk of cash.
Some one else reported 80% of income but not know the base it may not be all that much in the bigger picture.
__________________
Work? I don't have time to work....I'm retired.
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11-09-2005, 10:03 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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Re: Bonus?
Quote:
Originally Posted by cube_rat
Yes, 30K is nice bonus, however Uncle Sam takes roughly 52% of it* :P* Plus high bonuses throw you into a higher tax bracket.* Trust me, it's not all that's it's cracked to be,
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I hate taxes about as much as anyone on the planet but keeping 48% of $30K is still better than 100% of nothing.
__________________
Retired early, traveling perpetually.
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11-09-2005, 04:05 PM
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#16
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Full time employment: Posting here.
Join Date: Jun 2004
Location: Calgary
Posts: 805
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Re: Bonus?
I expect my bonus to be around $5K before taxes.
The wild card is hubby's bonus though....last year it was $0 but he's working on a big deal at work, which should hopefully happen this week. A co-worker did a similar sized deal last year and his bonus was $500K (yup, that's $500,000...not a type-o). Of course, he could again get nothing because his company was purchased by another company last May. Maybe he should just be happy to have a job and getting paid six figures
__________________
I can only be nice to one person today! Today is not your day...tomorrow doesn't look good either.
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11-09-2005, 10:49 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Posts: 1,798
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Re: Bonus?
I'd only need about three or four years of 48% of a 30,000 bonus, then color me retired.
__________________
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
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11-10-2005, 06:15 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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Re: Bonus?
Quote:
Originally Posted by lets-retire
I'd only need about three or four years of 48% of a 30,000 bonus, then color me retired.*
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$43,200 - $57,600 I hope the retirement plan is better funded than that.
__________________
Retired early, traveling perpetually.
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11-11-2005, 01:42 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Posts: 1,798
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Re: Bonus?
Mildly
__________________
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
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