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[–] 6 points 2 years ago (2 children)

If you get a bonus, that might be taxed withheld at 50% because payroll is too lazy to figure out your taxes. You get the remainder back when you file your taxes. (Note this may mean you owe $200 at the end of the year instead of owing $1000. That still counts as you “getting” $800.)

One very slight correction in bold.

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  • [–] 4 points 2 years ago (1 child)

    Also it's 22% and it's not solely because payroll is lazy. It's actually set by federal statute

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