I would clean & sniff Beyonce panties for $50,000
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Jay Z and Beyoncé give Employees $6.4 mill in bonuses
- Thread starter Worl Boss 1Don
- Start date
Alexander Wiggin
All Star
What? I want to know how and you're butthurt? Me fukking with Jay is irrelevant.
Ok your Jay-z stanning is going a little over board. You are sitting here trying to find a way to disprove what I am saying so Jay-z can look like santa clause? The fukk do you mean 'if we are talking charity' when it clearly says BONUSES.
Bonuses to employees can be treated as business expenses. You can write off business expenses. Maybe turn off The Blueprint 3 for a second and Google. It's pretty simple. You didn't even have to wonder. You literally could have found out quicker than you typing to me.
Link please.
I didn't find anything.
I want to know if companies are writing off expenses by giving me a bonus..
R.E.N. Spells Ren
Veteran
Ok your Jay-z stanning is going a little over board. You are sitting here trying to find a way to disprove what I am saying so Jay-z can look like santa clause? The fukk do you mean 'if we are talking charity' when it clearly says BONUSES.
Bonuses to employees can be treated as business expenses. You can write off business expenses. Maybe turn off The Blueprint 3 for a second and Google. It's pretty simple. You didn't even have to wonder. You literally could have found out quicker than you typing to me.
Educate me: explain how they would take home more money by giving away $6.4M and writing it off as opposed to just pocketing the $6.4M and paying the taxes on it.
CashmereThoughts
Veteran
They wouldn't even have to pay me
OnlyInCalifornia
Southern California/Vegas
I don't really think I need to break down how tax obligations work in this thread because a bunch of Jay-z stans can't accept that this wasn't done just out of the kindness of his heart.
You have the Internet, use it. You can write off bonuses. Businesses do all kinds of accounting tricks to lower tax obligations for a number of reasons.
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OnlyInCalifornia
Southern California/Vegas
I am not butt hurt. Just pointing out your Jay-z Stan spin that you are attempting just to put it out in the open. It was a simple Google search that you purposely didn't make because you want to play a game. Then you come back with 'oh I searched' well what the fukk did you type then? Because when you type 'writing off bonuses' in Google it returns 114,000,000 results. You are trying to spin this so hard you are even trying to spin search strings to manipulate your response. It's pathetic.
You are asking for a link instead of just typing another simple search into Google and see millions of results. You searched one way then gave up? fukk outta here. It would take less key strokes and clicks for you to get the answer yourself than it did for you to type all that out.
Stop playing dumb.
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I know my way around google and I've not found anything. You obviously did but couldn't link one of them.
Jiggas irrelevant to my life, taxes and bonuses are relevant which is why I'm asking.
You however seem to have some serious issues regarding him to a point where you focus on him when im asking about the American/NYs tax system.
Edit I found a link saying you can deduct up to $400 on a bonus.
So jigga did all this for $3200.
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Elle Driver
Veteran
OnlyInCalifornia
Southern California/Vegas
So you typed in 'writing off bonuses' and completely skipped the VERY FIRST LINK? I really am not sure if you are playing dumb or are dumb but that 400 dollar part you 'found' you clearly didn't read. That was in reference to physical gifts, such as a watch or a nice pen, not a bonus in the form of money. WHY? Because if you used your brain for a minute you would realize the government can tax a money bonus but can't properly tax an item given as a gift. Again, it is only spelled out for you on thousands of websites that bonuses can be written off as expenses. If businesses have reaped huge profits, they give out bonuses, and it lowers their tax obligation.
And clearly Jigga is not irrelevant to your life because you spend hours on this very website defending him. If you didn't care you wouldn't be playing games like you do. You do this in tons of Jay-z threads and the fact you are trying to pass it off like you don't, when people can search your profile, is asinine.
R.E.N. Spells Ren
Veteran
Just like I thought....you're talking out your ass about something you really don't understand.
It's not an "accounting trick" if they're actually losing the $6.4M. It would be better to just pay taxes on it and keep it than to give it away and write it off
OnlyInCalifornia
Southern California/Vegas
It is not better to pay taxes on it and keep it than to give it away. Businesses do this ALL THE TIME for a reason. YOU don't know what you are talking about.
Putting it up against their tax obligation is 6.4 million. If they were to put it in their pocket it would be less, due to the fact they would get taxed on the amount.
R.E.N. Spells Ren
Veteran
Yes it is better you clown.
Let's say the effective tax rate for a business is 50%.
If a business makes $100M and gives nothing away, they'd pay $50M in taxes and take home $50M. If they decide to give $10M to charity, then they're taxed on $90M, so they pay $45M in taxes and take home $45M...even though they pay less taxes they take home less money! The write off helps alleviate some of their tax burden, but it doesn't make giving away money better, financially, than just keeping.
Now, granted, we have a bracketed tax structure in this country, so the effective tax rate would also decrease, so they'd take home a little more than that $45M, but it would still be less than that $50M they'd take home by giving nothing away.
It is only better to give it away if they don't actually give it away or they write off expenses they'd incur even if there was no tax benefit.
