Financial Samurai - Forums

Financial Freedom => Taxes => Topic started by: j-fit on December 28, 2018, 08:44:19 AM

Title: Corporate Tax Cuts & Profit Sharing
Post by: j-fit on December 28, 2018, 08:44:19 AM
My wife works for a company of about 500 employees and they give out a yearly bonus based upon profits the company made.

Any idea if the new corporate tax cut would impact this? And perhaps how much impact it may have?

thanks

in 2016 she got a $1500 bonus, 2017 $4500, so I'm hoping to see a nice bump assuming her company did at least the same prior to tax cuts.
Title: Re: Corporate Tax Cuts & Profit Sharing
Post by: SteveGood on December 23, 2019, 10:37:22 PM
Hi,


Do you have retirement pension plan and life insurance? Maybe it will reduce your income tax payments.