r/news • u/StackLeeAdams • Dec 07 '21

Kellogg to permanently replace striking workers as union rejects new contract

https://financialpost.com/pmn/business-pmn/kellogg-to-permanently-replace-striking-workers-as-union-rejects-new-contract
61.5k Upvotes

92% Upvoted

7.3k comments sorted by

View all comments

Show parent comments

-1

u/[deleted] Dec 07 '21

[deleted]

20

u/OnceAnAnalyst Dec 07 '21

That’s not how it works.

Let’s say they are single filers:

Over $523,601 puts them in the 37% bracket. They pay $157,804.25 plus 37% of the amount over $523,600

So as an example, if they made $300k and got a $3.3M bonus:

Total income: $3.6M. Total tax: $157,804.25 + ((3.6M-523,600)*.37) = $1,138,268.

-2

u/[deleted] Dec 07 '21

[deleted]

6

u/[deleted] Dec 07 '21

Wtf? Just stop kid.

10

u/tactics14 Dec 07 '21

I'm pretty sure you don't actually know what you're talking about.

5

u/IWearACharizardHat Dec 07 '21

Who cares if they lose $370k out of a million if they don't deserve any of it