A self-made billionaire in Texas just gave EACH of his 1,381 employees a $100,000

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I don't mean to brag, but my company is buying us lunch tomorrow.

That's an awesome move from the boss. I'm going to go think about what I'd do with 100 grand.
 
That's so much more kind than the usual "in this economy, you're lucky to even have a job" speech I've heard from bosses the past decade.
 
Kieli said:
It's a legitimate issue. It may place these individuals at a higher tax bracket, in which case the pay that they end up taking home may be less than if they were at the lower tax bracket.
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If we have two tax brackerts:

A: 0-$50,000: 25%

and B: $50,000+: 50%


If you make $100K, you pay $37.5K in taxes. You pay 25% on the first 50K, and then 50% on the second 50k.

You do not pay 50% on the entire $100K. The first dollar you earn is taxed at the same rate as the first dollar bill gates earns. The millionth dollar I earn is taxed at the same rate as the millionth dollar LeBron James earns (assuming it is in the same location). It's just that LeBron James earns that, and I don't, so I don't pay taxes on that money, but he does.

The only way you lose money by earning more money is with a tax bracket over 100%
 
Machina said:
Trickle down economics anyone? Isn't this basically what that is? So why doesn't it happen more often?
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Because a lot of big business CEOs are jerks unlike this guy. Others would simply think they are entitled to every bit they've earned instead of completely changing the lives of their employees in exchange for being worth $6.9B instead of $7B.
 
Chie Satonaka said:
I don't even know what I would do with 100k right now.

A new car is a given... Maybe a nice vacation? And then put the rest in the bank?

I'm sure the holidays got a lot better for all those people. :)
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Well, I know exactly what I'd do.

Pay off these damn student loans lol
 
Meh. I rescued seven handicapped orphans from a burning building!

lol, but seriously....that's incredible. What an awesome gesture.
 
And all I got was a 50$ worth pre-paid card, damn! Well, while it's nowhere close to a 100K Christmas bonus, it's still something :D
 
To everybody posting negative or skeptic comments, it is really that attitude that's fucking you up.

Good for the dude and his employees.
 
Someone mentioned this is a drop in the ocean to him and it's like us buying a homeless man a bigmac.,.. how many of us have even done that ?

Absolutely class act by the owner of the company and has probably changed these peoples lives. It's also an investment for him because those staff will probably never need to find another job and be loyal to that business. Everybody wins
 
You bet people are going to be productive over there, even the janitor over there is probably hand-polishing every doorknob to a mirror sheen. This is a company worth working for.
 
Samarecarm said:
No, because the higher tax bracket only applies to the income that falls within that bracket.
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I don't get why so few people understand this. Otherwise there would be millions of people sitting just under the tax bracket and refusing pay rises. An increase is still an increase, it just gets less pronounced the more you earn.
 
Machina said:
Trickle down economics anyone? Isn't this basically what that is? So why doesn't it happen more often?
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If trickle down economics was a real thing, our general economic situation would be very different.

Generous thing for a CEO to do. Managed a small break from typical sociopathic behavior a big boss man.
 
I work at a major manufacturer worth 20 some billion and they give us all $20 Walmart gift cards every year for a xmas bonus.

:oP
 
Dear sir,

If you read GAF paypal me 50000$ (or the whole 100000). I don't work for you but I would gladly accept it and tell my story on facebook.

Kind regards
Your True Savior
 
"It's just a true gift, and I don't think that myself, along with everyone, is not going to give less than 100 percent every day," receptionist Amanda Thompson told the news station.
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This sentence is freaking me out. So is she going to slack off now?
 
I lazily slapped this together from a graph I found on google image search, so don't go quoting it as a Verified Source or anything, but:

QCzHOpH.png


That distribution is so many shades of fucked up.
 
THis is the same company that back In 2011 every employee received a voucher for $50,000 to buy a new car, or $35,000 cash.
 
Heshinsi said:
It's a drop in the bucket for him. That would be like you and I buying a big mac for a homeless guy. But this is the sort of goodwill gesture billionaire CEOs should do. $115,000,000 out of his $7B net worth barely even registers, but man does that extra $100,000 mean so much for his employees.
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7 billion in assetts does not equate to 115 million being a drop in the bucket
 
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