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You will get some of this back when you file your taxes next year. But the frustration is deep rooted in our country’s complex tax system. If you live in blue states, it gets worst.
At some point, you get immune to it, paying some taxes bc you made money is better than not paying bc you didn’t make any money.
The upside is that most of the withholding is just prepayment of taxes, not lost money, and you may get some back when you file your return. A bonus still boosts your annual earnings, can count toward retirement or benefits, and reflects recognition for your performance.
Rising Star
Taxes does take a big chunk which is so unfair. It looks good on paper but in reality it’s not as much
Rising Star
This is why we modify those checks to account for that. My company tells us exactly when to make changes to affect the bonus pay check.
I’m in the same boat—it’s really disappointing to see all that’s deducted for taxes but hopefully it will cut down on the additional amount I pay the government at tax time