Business Mobility just told we’re getting a 10k bas pay cut eff 2/1 and they are increasing TTI by 15k. Not good at all….our commission will be taxed at a higher rate so we’re actually taking a pay cut.
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Commission is not taxed if you take it in bitcoins.
I guess salespeople should have learned a skillset (other than lying).
Telecom sales su-ks!!!! They cannot afford to pay you big money where you can get a 1 GB Broadband connection for less than $200.
Tax aside, they’ll make sure rules are in place to sc--w people out of making that extra commission. It’s a paycut plain and simple.
They’re also piloting a a new initiative in a specific city where sellers are pre assigned buildings and that’s all they can sell into. If that rolls out nationally, well… probably best to start thinking about life outside this place
Commission checks are taxed at 39%, base pay checks are taxed depending upon your filing status, but usually no more than 23%. We’re getting fu---d
The commission tax statement shows the same misunderstanding as bonus taxation.
Witholding is not the same as tax due. Your annual income tax due is based on your total taxable income when you file your return. Extra tax withheld on checks on larger checks is simply due to systems seeing a higher number that if paid every pay period would push some of the income into a higher tax bracket.
When they cut your base, you are taking a payout genius. You will never make the $15k in comp b/c T is putting new rules and changing comp plans to ensure it.
One thing is for sure, the Stinker isn't thing a payout and getting it put in his at risk bonus. You can take that to the bank. He stay static or does better while we get sliced and diced. FACT.
Are we sure it's tax? Or is it just AT&T skimming monty and cooking the books?
Actually I thought the same as you about commissions being taxed additional, but they are not, by law they have to take 25% out of your commish check( or similar) and depending on your tax bracket you see some of that back EOY. The only thing taxed additional are your IPOINTS which is a scam because they take that out of your at risk and consider it a BONUS.
Go out on short term disability. If every seller did this, they would be fu---d. They have to pay 100% 13 weeks and 80 % another 13 weeks.