Bonus Speculation Forum
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- Posts: 159
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Re: Bonus Speculation
Also, forgetting about above market bonuses, but do most first years even get bonuses at market?
It seems to be the consensus that many first years are slow all through stub year and well into first year as well, which I'm assuming means a lot of people don't hit the hours for a market bonus in year 1.
It seems to be the consensus that many first years are slow all through stub year and well into first year as well, which I'm assuming means a lot of people don't hit the hours for a market bonus in year 1.
- SmokeytheBear
- Posts: 926
- Joined: Wed Jun 15, 2016 1:40 pm
Re: Bonus Speculation
I've crunched the numbers, done the spreadsheets, gone through a tin of Kodiak wintergreen long cut, and been up since last Thursday running various algorithms. This is how it's going to shake out:
Class -- 2016 -- 2017
Class of 2017 (pro-rated) -- 15,000 --> 15,000
Class of 2016 -- 15,000 --> 15,000
Class of 2015 -- 25,000 --> 25,000
Class of 2014 -- 50,000 --> 60,000
Class of 2013 -- 65,000 --> 75,000
Class of 2012 -- 80,000 --> 90,000
Class of 2011 -- 90,000 --> 100,000
Class of 2010 -- 100,000 --> 110,000
Class of 2009 -- 100,000 --> 110,000
Class -- 2016 -- 2017
Class of 2017 (pro-rated) -- 15,000 --> 15,000
Class of 2016 -- 15,000 --> 15,000
Class of 2015 -- 25,000 --> 25,000
Class of 2014 -- 50,000 --> 60,000
Class of 2013 -- 65,000 --> 75,000
Class of 2012 -- 80,000 --> 90,000
Class of 2011 -- 90,000 --> 100,000
Class of 2010 -- 100,000 --> 110,000
Class of 2009 -- 100,000 --> 110,000
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Re: Bonus Speculation
Giving the shaft to rising second and third years, I see. If bonuses do go up at all, I think even juniors would see a nominal ($5k) raise.SmokeytheBear wrote:I've crunched the numbers, done the spreadsheets, gone through a tin of Kodiak wintergreen long cut, and been up since last Thursday running various algorithms. This is how it's going to shake out:
Class -- 2016 -- 2017
Class of 2017 (pro-rated) -- 15,000 --> 15,000
Class of 2016 -- 15,000 --> 15,000
Class of 2015 -- 25,000 --> 25,000
Class of 2014 -- 50,000 --> 60,000
Class of 2013 -- 65,000 --> 75,000
Class of 2012 -- 80,000 --> 90,000
Class of 2011 -- 90,000 --> 100,000
Class of 2010 -- 100,000 --> 110,000
Class of 2009 -- 100,000 --> 110,000
- SmokeytheBear
- Posts: 926
- Joined: Wed Jun 15, 2016 1:40 pm
Re: Bonus Speculation
WRONG. Fake news.KM2016 wrote:Giving the shaft to rising second and third years, I see. If bonuses do go up at all, I think even juniors would see a nominal ($5k) raise.SmokeytheBear wrote:I've crunched the numbers, done the spreadsheets, gone through a tin of Kodiak wintergreen long cut, and been up since last Thursday running various algorithms. This is how it's going to shake out:
Class -- 2016 -- 2017
Class of 2017 (pro-rated) -- 15,000 --> 15,000
Class of 2016 -- 15,000 --> 15,000
Class of 2015 -- 25,000 --> 25,000
Class of 2014 -- 50,000 --> 60,000
Class of 2013 -- 65,000 --> 75,000
Class of 2012 -- 80,000 --> 90,000
Class of 2011 -- 90,000 --> 100,000
Class of 2010 -- 100,000 --> 110,000
Class of 2009 -- 100,000 --> 110,000
Very sad.
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- Posts: 58
- Joined: Mon Jul 28, 2014 8:35 am
Re: Bonus Speculation
How much of 15k do you actually take home on the day you get the bonus?SmokeytheBear wrote:WRONG. Fake news.KM2016 wrote:Giving the shaft to rising second and third years, I see. If bonuses do go up at all, I think even juniors would see a nominal ($5k) raise.SmokeytheBear wrote:I've crunched the numbers, done the spreadsheets, gone through a tin of Kodiak wintergreen long cut, and been up since last Thursday running various algorithms. This is how it's going to shake out:
Class -- 2016 -- 2017
Class of 2017 (pro-rated) -- 15,000 --> 15,000
Class of 2016 -- 15,000 --> 15,000
Class of 2015 -- 25,000 --> 25,000
Class of 2014 -- 50,000 --> 60,000
Class of 2013 -- 65,000 --> 75,000
Class of 2012 -- 80,000 --> 90,000
Class of 2011 -- 90,000 --> 100,000
Class of 2010 -- 100,000 --> 110,000
Class of 2009 -- 100,000 --> 110,000
Very sad.
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Re: Bonus Speculation
Smokey--SmokeytheBear wrote:I've crunched the numbers, done the spreadsheets, gone through a tin of Kodiak wintergreen long cut, and been up since last Thursday running various algorithms. This is how it's going to shake out:
Class -- 2016 -- 2017
Class of 2017 (pro-rated) -- 15,000 --> 15,000
Class of 2016 -- 15,000 --> 15,000
Class of 2015 -- 25,000 --> 25,000
Class of 2014 -- 50,000--> 60,000
Class of 2013 -- 65,000--> 75,000
Class of 2012 -- 80,000--> 90,000
Class of 2011 -- 90,000--> 100,000
Class of 2010 -- 100,000--> 110,000
Class of 2009 -- 100,000--> 110,000
This was generally okay but you made a few edits from the precedent that I didn't understand.
Please review and incorporate my changes and send to the management committee, copying me, when you are done.
Thank,
- 2014
- Posts: 6028
- Joined: Sat Jun 05, 2010 3:53 pm
Re: Bonus Speculation
It was just south of 9 grand for me, ymmv based on your tax situation.charliekelly33 wrote:How much of 15k do you actually take home on the day you get the bonus?SmokeytheBear wrote:WRONG. Fake news.KM2016 wrote:Giving the shaft to rising second and third years, I see. If bonuses do go up at all, I think even juniors would see a nominal ($5k) raise.SmokeytheBear wrote:I've crunched the numbers, done the spreadsheets, gone through a tin of Kodiak wintergreen long cut, and been up since last Thursday running various algorithms. This is how it's going to shake out:
Class -- 2016 -- 2017
Class of 2017 (pro-rated) -- 15,000 --> 15,000
Class of 2016 -- 15,000 --> 15,000
Class of 2015 -- 25,000 --> 25,000
Class of 2014 -- 50,000 --> 60,000
Class of 2013 -- 65,000 --> 75,000
Class of 2012 -- 80,000 --> 90,000
Class of 2011 -- 90,000 --> 100,000
Class of 2010 -- 100,000 --> 110,000
Class of 2009 -- 100,000 --> 110,000
Very sad.
- Greenandgold
- Posts: 264
- Joined: Mon Jun 27, 2011 12:45 pm
Re: Bonus Speculation
Just checked my paystub. It was almost exactly $11,000 for me. But I remember owing around $2,000 in taxes come April. So regardless of how much is deposited in your account, keep in mind that you might be cutting the government a check a few months later if your firm didn't withhold enough in taxes.2014 wrote:It was just south of 9 grand for me, ymmv based on your tax situation.charliekelly33 wrote:How much of 15k do you actually take home on the day you get the bonus?SmokeytheBear wrote:WRONG. Fake news.KM2016 wrote:Giving the shaft to rising second and third years, I see. If bonuses do go up at all, I think even juniors would see a nominal ($5k) raise.SmokeytheBear wrote:I've crunched the numbers, done the spreadsheets, gone through a tin of Kodiak wintergreen long cut, and been up since last Thursday running various algorithms. This is how it's going to shake out:
Class -- 2016 -- 2017
Class of 2017 (pro-rated) -- 15,000 --> 15,000
Class of 2016 -- 15,000 --> 15,000
Class of 2015 -- 25,000 --> 25,000
Class of 2014 -- 50,000 --> 60,000
Class of 2013 -- 65,000 --> 75,000
Class of 2012 -- 80,000 --> 90,000
Class of 2011 -- 90,000 --> 100,000
Class of 2010 -- 100,000 --> 110,000
Class of 2009 -- 100,000 --> 110,000
Very sad.
- nealric
- Posts: 4273
- Joined: Fri Sep 25, 2009 9:53 am
Re: Bonus Speculation
One million dollars. All class years.
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- Posts: 428123
- Joined: Tue Aug 11, 2009 9:32 am
Re: Bonus Speculation
Feels like a bonus. Now that I met my SS limit and the gov is not deducting SS tax….$1500 net income a month! Whoopie!
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Re: Bonus Speculation
Can you explain how this works? What is your typical percentage of take home in the early months of the year vs your percentage now? $1500 more seems high, but I'm also only a stub year, so I probably contribute less to SS than you.Anonymous User wrote:Feels like a bonus. Now that I met my SS limit and the gov is not deducting SS tax….$1500 net income a month! Whoopie!
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- Joined: Wed Jul 09, 2014 1:20 am
Re: Bonus Speculation
For SS, you are taxed at 6.2% on the first $118,500 of wages (for 2017). After that, you no longer pay SS (or FICA/OASDI) and thus are no longer taxed that 6.2%. Depending on class year, that can range from an extra $1000-$2000ish per month. A first year will hit that limit in September-ish, whereas someone more senior can hit it as early as July.PorscheFanatic wrote:Can you explain how this works? What is your typical percentage of take home in the early months of the year vs your percentage now? $1500 more seems high, but I'm also only a stub year, so I probably contribute less to SS than you.Anonymous User wrote:Feels like a bonus. Now that I met my SS limit and the gov is not deducting SS tax….$1500 net income a month! Whoopie!
- JenDarby
- Posts: 17362
- Joined: Wed Oct 20, 2010 3:02 am
Re: Bonus Speculation
The 2017 limit is $127,200. It was $118,500 in 2016.KM2016 wrote:For SS, you are taxed at 6.2% on the first $118,500 of wages (for 2017). After that, you no longer pay SS (or FICA/OASDI) and thus are no longer taxed that 6.2%. Depending on class year, that can range from an extra $1000-$2000ish per month. A first year will hit that limit in September-ish, whereas someone more senior can hit it as early as July.PorscheFanatic wrote:Can you explain how this works? What is your typical percentage of take home in the early months of the year vs your percentage now? $1500 more seems high, but I'm also only a stub year, so I probably contribute less to SS than you.Anonymous User wrote:Feels like a bonus. Now that I met my SS limit and the gov is not deducting SS tax….$1500 net income a month! Whoopie!
In 2018 it goes up to $128,700.
Last edited by JenDarby on Mon Jan 29, 2018 10:48 pm, edited 1 time in total.
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- Posts: 282
- Joined: Wed Jul 09, 2014 1:20 am
Re: Bonus Speculation
I stand corrected...clearly I don't pay enough attention to my taxes lol. But the mechanics remain the same. Glad to see the 2018 rate didn't jump by $9,000 like it did from 2016 to 2017.JenDarby wrote:The 2017 limit is $127,200. It was $118,500 in 2016.KM2016 wrote:For SS, you are taxed at 6.2% on the first $118,500 of wages (for 2017). After that, you no longer pay SS (or FICA/OASDI) and thus are no longer taxed that 6.2%. Depending on class year, that can range from an extra $1000-$2000ish per month. A first year will hit that limit in September-ish, whereas someone more senior can hit it as early as July.PorscheFanatic wrote:Can you explain how this works? What is your typical percentage of take home in the early months of the year vs your percentage now? $1500 more seems high, but I'm also only a stub year, so I probably contribute less to SS than you.Anonymous User wrote:Feels like a bonus. Now that I met my SS limit and the gov is not deducting SS tax….$1500 net income a month! Whoopie!
In 2018 it goes up to $128,700.
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- Posts: 428123
- Joined: Tue Aug 11, 2009 9:32 am
Re: Bonus Speculation
Might the ’18 SS figure change if the gov implements their new tax reform? Honestly, I am confused on when the rewrite will be implemented (if they come up with reform).JenDarby wrote: The 2017 limit is $127,200. It was $118,500 in 2016.
In 2018 it goes up to $128,700.
- UnfrozenCaveman
- Posts: 474
- Joined: Thu Mar 21, 2013 10:06 pm
Re: Bonus Speculation
There has been some talk of allowing lower incomes to receive credits against payroll taxes, but the potential tax reform is for income taxes generally. I've seen no talk of changing payroll tax as part of the reform.Anonymous User wrote:Might the ’18 SS figure change if the gov implements their new tax reform? Honestly, I am confused on when the rewrite will be implemented (if they come up with reform).JenDarby wrote: The 2017 limit is $127,200. It was $118,500 in 2016.
In 2018 it goes up to $128,700.
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- Posts: 11730
- Joined: Tue Sep 04, 2012 9:53 am
Re: Bonus Speculation
Yo Trumpers no one cares start speculating about bonuses you goons
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- SmokeytheBear
- Posts: 926
- Joined: Wed Jun 15, 2016 1:40 pm
Re: Bonus Speculation
I voted for Clinton. Would have voted for Bernie if I could have.BigZuck wrote:Yo Trumpers no one cares start speculating about bonuses you goons
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Re: Bonus Speculation
And you also actively stoke our bonus speculation FERVOR which is appreciated. These other goofballs need to GTFOSmokeytheBear wrote:I voted for Clinton. Would have voted for Bernie if I could have.BigZuck wrote:Yo Trumpers no one cares start speculating about bonuses you goons
- LaLiLuLeLo
- Posts: 949
- Joined: Wed Jun 08, 2016 11:54 am
Re: Bonus Speculation
Lunch with partner today. He only tipped $3. Sorry lads, bonus just became BONEUS
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Re: Bonus Speculation
Word on the strasse at Milbank LA is that they changed or vacation plan (from accruing to unlimited with a payout of all accrued and unused on 11/30) at least in part because they had a ton of excess cash sitting around that they wanted to pay out. This bodes well for bonuses, at least for the upper echelons of AmLaw firms.
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Re: Bonus Speculation
I like your spin on this; the optimism is inspiring. But in reality, this is a money saver because now they don't have to pay out unused vacation days in the future.Anonymous User wrote:Word on the strasse at Milbank LA is that they changed or vacation plan (from accruing to unlimited with a payout of all accrued and unused on 11/30) at least in part because they had a ton of excess cash sitting around that they wanted to pay out. This bodes well for bonuses, at least for the upper echelons of AmLaw firms.
- TLSModBot
- Posts: 14835
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Re: Bonus Speculation
Maybe he was saving up because he knows how hard the MASSIVE BONUSES for associates are going to hit his pocketbook laterLaLiLuLeLo wrote:Lunch with partner today. He only tipped $3. Sorry lads, bonus just became BONEUS
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Re: Bonus Speculation
check what your employee handbook says now about future accruing/paying out vaca time. do labor and emp here and it is common to payout current vaca/change the policy to not allow cash payouts in the future.Anonymous User wrote:Word on the strasse at Milbank LA is that they changed or vacation plan (from accruing to unlimited with a payout of all accrued and unused on 11/30) at least in part because they had a ton of excess cash sitting around that they wanted to pay out. This bodes well for bonuses, at least for the upper echelons of AmLaw firms.
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Re: Bonus Speculation
is there a standard time bonuses are actually paid?
Seriously? What are you waiting for?
Now there's a charge.
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