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Nov 10, 2010
In the USA, bonuses and gifts are taxed at the Gift Tax Rate, which is right around 50%.
 
 
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Jun 14, 2010
Ed must be Canadian, all that money went to Revenue Canada
 
 
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Jan 18, 2010
@madmatter

52%, actually... he only has $240 left, so $260 would have been taken out for taxes
 
 
Dec 15, 2009
taxes run around 30% of total income. Taking 30% out of $500 would leave about $350. But I think that gifts taxable gifts have a higher rate anyway.
$240 would be a 48% tax rate.
 
 
May 8, 2009
heavy taxes!
 
 
 
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