19 March 2009
The House moved quickly to vote yes on a bill to tax big employee bonuses given by companies who have taken substantial amounts of TARP money. The bill would impose a 90% tax on bonuses to highly compensated employees of companies that received more than $5 billion (with a b) in TARP money from the [...]
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20 December 2006
Taxpayer asks: Each year, instead of a Christmas bonus, my employer gives us some pretty nice gifts for the holidays, stuff like iPods and gift cards. Since it’s a gift, I don’t have to pay taxes on it, right? Taxgirl says: Clearly, a holiday bonus of cash is taxable as income. It’s not really a [...]
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