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exboyfil

(18,359 posts)

8. Unemployment benefits are taxed

Reply to kpete (Original post)

Tue Mar 25, 2014, 10:34 AM

Mar 2014

as regular income as well. I thought that was a little unusual when I was terminated in 1992 and furloughed in 2002.

My six weeks of severance for six years of employment was also taxed in 1992. Social Security was withheld from it as well.

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Great. Kick the people getting laid off: SCOTUS Rules Severance Payments Are Taxable [View all] kpete Mar 2014 OP

Does it also apply to Golden Parachutes? el_bryanto Mar 2014 #1

Anything under 250k should not be taxed seveneyes Mar 2014 #2

Agreed! Xyzse Mar 2014 #7

Maybe anything under $2000, but $250,000 is insane... Demo_Chris Mar 2014 #11

We are talking about severance pay only seveneyes Mar 2014 #20

If someone is handing you a check for $250K, YOU ARE 1% RICH. nt Demo_Chris Mar 2014 #21

Not after paying the bills and no more money coming in seveneyes Mar 2014 #23

You must be very successful. Well done. nt Demo_Chris Mar 2014 #24

I was laid off twice from large companies during my career... MANative Mar 2014 #3

I was laid off in 2010 here in Georgia, received $10,000 RebelOne Mar 2014 #19

Why the heck wouldn't they be? It's income. cthulu2016 Mar 2014 #4

Indeed. n/t PoliticAverse Mar 2014 #15

8-0 decision (with Kagan recused) onenote Mar 2014 #5

SCOTUS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111111111111 bigwillq Mar 2014 #17

Why is this a surprise? theboss Mar 2014 #6

Unemployment benefits are taxed exboyfil Mar 2014 #8

I got a couple weeks of unemployement 5 years ago tammywammy Mar 2014 #14

Why wouldn't they be taxed? vi5 Mar 2014 #9

This was a very technical case. former9thward Mar 2014 #10

That makes sense. n/t tammywammy Mar 2014 #13

So that SCOTUS ruled that income is subject to income tax? Orrex Mar 2014 #12

This is misleading. The case involved Social Security and Medicare Taxes. PoliticAverse Mar 2014 #16

Why create another tax loophole Token Republican Mar 2014 #18

Sad, the SCOTUS is becoming nothing more than a rich man's ATM. Rex Mar 2014 #22