Tuesday, December 14, 2021

No Grinch in Lake Worth Beach

Just in time for Christmas: LW Beach employees getting $2,000 pandemic bonuses - after taxes

Of course, the city has raised taxes for its citizens

"City commissioners unanimously agreed Dec. 7 to give $2,000 in premium pay to the municipality's 360 employees for their work during the COVID-19 pandemic.

The bonuses – part of the $9.6 million in American Rescue Plan Act (ARPA) funds received by the city in September – are actually worth more to employees than the $2,000 they will receive.

Commissioners agreed to pay all taxes – federal, Social Security and Medicare – for those bonuses so that workers can walk away with the full $2,000. According to the Internal Revenue service, premium pay for employees is considered wages."

Read about it...

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