Silver Airways now offering newhires $12,000 signing bonus - the desperation shows

[Secret Squirrel]

You can't add $6k. It's a signing BONUS. That gets an automatic 40% cut. Thus, you're adding $3,600...provided there are no state/local governments that want a piece of that action.

Either way, these sign on bonuses are a joke.

If you only make $22,000 you will get it back when you file your taxes.

 

[Flying Ninja]

If you only make $22,000 you will get it back when you file your taxes.

Keep telling yourself that. Maybe it'll come true.

 

[flyingitalian]

$22,000 - $5,450 (standard deduction) - $3,500 (personal exemption) = $13,050 taxable income.
$13,050 - $8,025 = $5,025 (taxable at 15%)
$5,025 * .15 = $753.75

Federal Taxes = $753.75 + 802.50
Taxes = $1,556.25.

22,000 / 1556.25 = roughly 14% effective tax rate.

This is without itemization. Not big numbers, but facts.

 

[flyingitalian]

While the bonus will be taxed at the higher rate, estimating taxes for the year you could increase your dependents on your w-4 form so the company would take the correct amount of tax out during the year so you don't end up giving uncle sam an interest free loan.

 

[977flyer]

$22,000 - $5,450 (standard deduction) - $3,500 (personal exemption) = $13,050 taxable income.
$13,050 - $8,025 = $5,025 (taxable at 15%)
$5,025 * .15 = $753.75

Federal Taxes = $753.75 + 802.50
Taxes = $1,556.25.

22,000 / 1556.25 = roughly 14% effective tax rate.

This is without itemization. Not big numbers, but facts.

You forgot about the EIC (earned income credit) which anyone making 22 grand would most definitely be able to claim. Through a kid in the mix and claim even more.

 

[Salukipilot4590]

Keep in mind nobody is being hired into the 1900 at the moment.

Everyone hired right now is going to be on the SAAAAAB in the northern system (IAD and for a while ATL).

12000 should have been spent on retention, we're working on it.

 

[paid4training]

It's actually only 6k for the airline. Most of those guys don't make it to 2nd year, they find a bettr job somewhere else.....

 

[CRAWDADDY]

Nearly two decades ago, I got a certified letter in the mail from those clowns advising me that my captain's class would begin next month and I would need to write a check for $15K before I could start. No idea how they found me. Who had internet back then?

A real POS operator but, hands down, the fastest route to the majors or an early death[1][2][3]