WeAAsles
Veteran
- Joined
- Oct 20, 2007
- Messages
- 25,307
- Reaction score
- 5,332
Only posting here currently what Delta FA's are saying:
"You don't "lose" it to taxes. If you are not put into a higher tax bracket you will get it back. It is taxed at a higher rate because it is considered windfall. At the end of the day you should see most of that back. More importantly is the savings to company and potential losses to us because of it. Let me explain:
1) DL takes this money in the 4th quarter and posts it as a cost thereby lowering their profit and their tax burden.
2) In Feb. the profits of the previous year are lower because of the "loss" of paying out in Oct. Thereby reducing your Feb. balance check while DL still recognizes the tax break that they took in the 4th quarter of 2014.
Effing brilliant boys. And you get the minions to see this as a benefit to boot. If you get some "no" votes out of it then even more gravy. Wow. And we feel respected for this?"
"XXXXX answered the rationale for giving us this check early. It is a tax hedge for the company. Additionally, they may be able to save themselves from having to pay us the higher percentage (20% instead of 10%) if they miss hitting the next target. Read about the formula for profit sharing."
"EXACTLY!!!!!!!!!
This is what we need to all focus on.
The company isn't giving us anything *extra*...they're just giving us a portion *early*.
This isn't because they're *nice* or because they *care about us*, it's because it's what's best for them and the shareholders! Bottom line! They only ever do stuff because it benefits them and the shareholders.....EVER!
And, by doing this, at this strategic moment, we are getting less in profit sharing in February. Don't fall for it; this isn't extra money to buy Xmas presents, or pay down your credit cards. Please remember this when mgmt and the no-wayers try to spin this. Go back and read XXXXX's comment above. It's a clear, concise explanation of what the company is doing, and how it benefits them, and how it screws us."
"You don't "lose" it to taxes. If you are not put into a higher tax bracket you will get it back. It is taxed at a higher rate because it is considered windfall. At the end of the day you should see most of that back. More importantly is the savings to company and potential losses to us because of it. Let me explain:
1) DL takes this money in the 4th quarter and posts it as a cost thereby lowering their profit and their tax burden.
2) In Feb. the profits of the previous year are lower because of the "loss" of paying out in Oct. Thereby reducing your Feb. balance check while DL still recognizes the tax break that they took in the 4th quarter of 2014.
Effing brilliant boys. And you get the minions to see this as a benefit to boot. If you get some "no" votes out of it then even more gravy. Wow. And we feel respected for this?"
"XXXXX answered the rationale for giving us this check early. It is a tax hedge for the company. Additionally, they may be able to save themselves from having to pay us the higher percentage (20% instead of 10%) if they miss hitting the next target. Read about the formula for profit sharing."
"EXACTLY!!!!!!!!!
This is what we need to all focus on.
The company isn't giving us anything *extra*...they're just giving us a portion *early*.
This isn't because they're *nice* or because they *care about us*, it's because it's what's best for them and the shareholders! Bottom line! They only ever do stuff because it benefits them and the shareholders.....EVER!
And, by doing this, at this strategic moment, we are getting less in profit sharing in February. Don't fall for it; this isn't extra money to buy Xmas presents, or pay down your credit cards. Please remember this when mgmt and the no-wayers try to spin this. Go back and read XXXXX's comment above. It's a clear, concise explanation of what the company is doing, and how it benefits them, and how it screws us."