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That is a matter of opinion. It is likely in the next 10 years that some governments will find a way of taxing these frequent flyer miles.
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∙ 13y ago
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Are end of the year bonuses from work taxable income and if so should the bonus be added to your regular pays gross income and then taxed or should the bonus be a separate check taxed individually?
Yes, they are taxable income to the recipient. Whether the bonus is paid with regular income or as a separate check is immaterial. Bonuses are considered regular income by the IRS and taxed same as regular income is. The bonus is included in box 1 of the W2 as gross wages.
Do you include work bonuses from employers as gross income?
Yes you do. Any income from your employer will be included in your ordinary income and will be taxed.
Do you have to report tips and should they be taxed?
Tips must be reported for taxes, and they are taxed. Whether they should or should not be is a matter of personal opinion.
Should candy be taxed?
NO
Should items be taxed?
yes
Adam Smith-Equity as a canon of taxation?
According to canon of Adam Smith poor should be taxed less and rich should be taxed more
What amendment says that all people get taxed the same?
All people do not get taxed the same, and no amendment says that they should or do.
Should CEO'S stay in financial companies and still earned over million dollar bonuses?
yes They deserve their bonuses. They what make the companies thrive in the first place.
Are US citizens taxed on how much they have in their savings account or taxed just on the amount of interest they earn from the savings account?
They are only taxed on the interest. The money in the account should have already had its tax paid as income.
Should chewing gum be banned?
yes. No, it should be heavily taxed to pay for cleaning it from public places.
Are bonuses taxable?
Yes, Bonuses are income and income is taxable
What are the taxes taken out for bonuses in Georgia?
A rose by any other name is still but just a rose. Earnings from your employer, whether they be called salary, wage or bonus are still just that, and taxed just like any other income from them. Hence, depending on your annual income and declared exemptions, etc., the amount is withheld. (However, sometimes employers do not match contributions on things like 401k on bonuses).
