40% tax on our hard earned bunuses is ridiculous.
Same with taxing any gift card given by the employer to the employee.
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I think that responsibility would be with your employer’s accountant.
" * The federal bonus tax withholding rate is typically 22%.
- However, employers could instead combine a bonus with your regular wages as though it’s one of your usual paychecks—with your usual tax amount withheld.
- There are ways to reduce the tax impact of your bonus."
Bonus tax rate: How are bonuses taxed? | Fidelity
Eliminate the taxes all together!
Have a Blessed Day, Fred Walker