Oil and Gas company gives ALL its employees $100,000 bonuses.....EVERYBODY

[brother walt]

I aint get no bonuses I don't even get my overtime pay on time my job owes me 21 hours

 

[Sucka T.]

Yeah. If true. I'd like to know too.

Can companies write off Christmas bonuses on their taxes??

Yes, paying your employees more will reduce your tax liability, but it won't reduce your tax liability by more than the increase in wages.

Wages/bonuses come out of the company numbers before profit is calculated. So if a company makes $130M in profit, they will be taxed on $130M. If they give away $130M, they wouldn't have any profit to tax. . He is trying to say that giving away $130M is cheaper than paying tax on an extra $130M of profits.

Which is absurd.

 

[TooLazyToMakeUp1]

had to read the story again. You know those employees are going to stay loyal to that company until the end. Talking about shredding documents if the Feds come through.

fukk shredding documents, they are going to be armed and letting off rounds when the FEDS come in, janitor and all

 

[Black Cac]

For real, id get my companys name tatted on me with this kind of bonus. We fam now

 

[Atlrocafella]

fukk shredding documents, they are going to be armed and letting off rounds when the FEDS come in, janitor and all

lmao