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Please look up how taxes work my friend! First, your bonus is being withheld at that rate not taxed at that rate. Taxes are incremental.
Wow this is so helpful, thank you so much!!
Is this for real
Yep ikr! It’s insane and I can’t figure out how to change it.
Good luck with that! Income taxes are what they are. No getting around that. You might be able to get some extra deductions if you work with a skilled accountant, but you're not getting out of income taxes.
Yup!
Unfortunately, there's not much you can do. I try to maximize my deductions every year. I have a little side hustle so that I can write some things off like my office, etc. It helps a little but not much.