Eli5 – Why are bonuses taxed for everyone

617 views

I work in a profession where my bonus is a small set amount and isn’t guaranteed (you have to qualify for it). I really look forward to earning the bonus and have to work pretty hard to get it. So why are bonuses taxed when I already have my regular salary chopped up? It’s pretty disheartening to see this small amount reduced after earning it.

In: 0

18 Answers

Anonymous 0 Comments

Folks like waiters/waitresses and bartenders who make a decent fraction of their income off of tips legally speaking have to pay taxes on that “bonus” income.

Why do you feel entitled to not have to pay taxes on your own sources of “bonus” income?

You are viewing 1 out of 18 answers, click here to view all answers.