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 Message Boards » » Bank: holiday bonuses MUST be given to charity Page 1 [2], Prev  
Smath74
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2

12/18/2007 11:45:41 AM

beergolftile
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the best way to help charity is to make as much money as possible through capitalism, create more jobs to get unemployed people working, and generate more taxes through increased profits and income

that's a win win

you already give 40-50% of your $ to the government, why have to give more away?

12/18/2007 11:48:44 AM

Nighthawk
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Do the employees have to pay for this in their income tax?

Does the bank get to use this as a charitable donation for tax purposes?

12/18/2007 11:50:37 AM

Donogh5
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^^ yup, free markets ftw

i'd possibly quit my job

busting my balls all year to have my employer decide what to do with my hard-earned bonus? that sucks

[Edited on December 18, 2007 at 11:51 AM. Reason : ...]

12/18/2007 11:51:16 AM

beergolftile
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what would be worse is if the employees have to pay medicare (approx 1.5%) and social security (6%) on the bonus if it counts as income. Sure they can deduct it from federal income tax, but not SS or medicare. That would mean your Christmas bonus COST you approx $75.00 out of pocket.

I seriously doubt they would do that, but if it counts as income, they would have to...

12/18/2007 11:53:26 AM

Nighthawk
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^That was my point, I should have stated it better in the post. I'd hate to have to pay out for the "privilege" of getting a Christmas bonus that I was forced to donate to charity.

I got my bonus today from my side job. Cold hard cash baby. Fuck this PC shit.

12/18/2007 11:56:39 AM

TreeTwista10
minisoldr
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i know if i've gotten say a $5,000 bonus, I would actually get more but it would be $5,000 after taxes, so my work takes that into consideration

12/18/2007 11:56:49 AM

fjjackso
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that's what a lot of businesses do.. but they don't say it like that.. they donate money to a charity in your name.

[Edited on December 18, 2007 at 11:58 AM. Reason : tax writeoff nukka]

12/18/2007 11:57:34 AM

wwwebsurfer
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Quote :
"Again, this is in ADDITION to our bonuses. We are not told how to spend the money, and the money is not handed to us. We make the request for donations and each of us has up to $1000.00 to designate to the charity"



what are we moaning about again?

12/18/2007 1:04:37 PM

DiamondAce
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Quote :
"but don't give the money away under the pretense of it being a christmas bonus for employees"

12/18/2007 1:06:04 PM

sober46an3
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^^haha...imagine that. a thread full of twwers acting like they know what they're talking about when they have no clue.

[Edited on December 18, 2007 at 1:13 PM. Reason : d]

12/18/2007 1:13:15 PM

beergolftile
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i don't read shit, i just post

12/18/2007 1:20:49 PM

jbtilley
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Quote :
"It's their choice whether or not to even GIVE you a bonus. It's a BONUS. You should be glad they give you the opportunity to pick the charity of your choice, rather than that money going to something you wouldn't want to support."


Really. At least they get a bonus. Every place I have ever worked hasn't, so just ask me where NOT to work and I can tell you.

And who gets to make the charitable deduction on their taxes? The employees I would assume, so at least they've got that going for them.

12/18/2007 1:22:43 PM

AndyMac
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My money would go to:

12/18/2007 1:27:06 PM

E Mun
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Quote :
"Again, this is in ADDITION to our bonuses. We are not told how to spend the money, and the money is not handed to us. We make the request for donations and each of us has up to $1000.00 to designate to the charity of our choice. We are all having so much fun deciding the best way to make a difference in our community. The fun part is that so many other organizations are helping us out to make an even BIGGER difference in our community. We all realize that we are truly blessed to be a part of this incredible organization. Our owners truly "get it", and we are all better people for having the opportunity to know them and work with them.
"


Reading > TWW

12/18/2007 1:29:32 PM

ScHpEnXeL
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damn, that's like the total opposite of what the article made it sound like.. imagine that, the news warping something good into something bad

12/18/2007 1:30:38 PM

wdprice3
BinaryBuffonary
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^^ seeing has how those comments about this being in addition to their bonus were posted after this thread was made....

12/18/2007 1:31:48 PM

nastoute
All American
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in addition

[Edited on December 18, 2007 at 1:33 PM. Reason : ok]

12/18/2007 1:32:53 PM

sober46an3
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Quote :
" seeing has how those comments about this being in addition to their bonus were posted after this thread was made"


the point is everyone jumped on them without understanding the story. everyone just assumed that this was in place of there bonus, which was never said in the article.

12/18/2007 1:40:18 PM

TreeTwista10
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Quote :
"In previous years, the Fargo-based bank has taken 5 percent of the company earnings and divided it up at holiday time among employees"


sounds like they revamped the bonus system, based on the article

now if you want to put more faith in the anonymous comments of "K's Mom", go right ahead

12/18/2007 1:42:16 PM

wdprice3
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^^and that's the reader's fault that they used the information given? Like you've never quoted, used, argued, etc something you've read or seen on the news, which always leave information out.

[Edited on December 18, 2007 at 1:43 PM. Reason : ^^]

12/18/2007 1:43:27 PM

sober46an3
All American
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forget it

[Edited on December 18, 2007 at 1:48 PM. Reason : i dont care]

12/18/2007 1:45:56 PM

TreeTwista10
minisoldr
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you cared enough when you were happily calling out the whole thread

now you dont care

12/18/2007 1:48:56 PM

rtc407
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this reminds me of NL's Christmas Vacation

12/18/2007 2:04:52 PM

TreeTwista10
minisoldr
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yeah what does he get, a _____ of the Month club membership? like a Ham of the month or Fruit Salad of the month or something?

12/18/2007 2:07:30 PM

DirtyGreek
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i'd still like to know how this is socialism

12/18/2007 4:36:53 PM

ben94gt
All American
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Id be like, "motherfucker, I'm in need of this money"

12/18/2007 4:45:39 PM

urge311
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like above, my question is this: is the money ever in the employee's posession? that way, at least a tax write-off can be used before the end of the year. that beats a poke in the eye with a sharp stick at least...

12/18/2007 5:16:27 PM

TreeTwista10
minisoldr
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i'd still like to know how this is anything other than a publicity stunt for State Bank & Trust in beautiful Fargo, North Dakota

12/18/2007 5:18:14 PM

Neil Street
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Read the story. They employees not being forced to give away their holiday bonuses. In fact, the word bonus is not mentioned anywhere in the article.

The bank is simply putting the charitable contributions in their hands so that they can decide where the money will go.

What an ignorant mob.

12/18/2007 6:23:17 PM

Smath74
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fuck that. the money should go to the people who WORK for it.

12/18/2007 7:39:31 PM

TreeTwista10
minisoldr
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even though it wasnt in your job description, i need you and everyone else to give away this money to make our bank look better...oh and you'll need to buy a video camera

12/18/2007 7:40:46 PM

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