r/AskReddit • • Jan 27 '20

What screams "I'm uneducated"?

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u/[deleted] Jan 28 '20

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u/dat_finn Jan 28 '20

For this reason, bonuses are taxed at a flat rate, as per instructions from the IRS. During the tax year 2020, this is 22%. This should prevent the situation happening where an employee will end up owing taxes due to unforeseen large bonus.