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[JBat]

The company I work for has one of those recognition services where colleagues can gift you points that you can redeem for stuff or gift cards. I have enough points that I can cash out into best buy gift cards to make a lg ultra gear 45" OLED monitor almost half off. So worth about 650 USD. The catch, as I understand, is that this would be considered as gift cards received from my employer and taxed as income. Anyone have experience with one of these services? I'm assuming doing this would end up being about 1/3 of the persevered value after income and sales tax. Am I thinking about this right? The monitor is on sale at the moment at best buy plus the "free" money makes it pretty tempting but if it's taxed to hell and back I don't want to bother. Cheers to my follow wage slaves!

 

[Go_Ly_Dow]

JBat did you once go by the name JBaird?

If it's $650, which isn't a large amount all things considered, perhaps you can get away with the tax charge.

 

[JBat]

JBat did you once go by the name JBaird?

If it's $650 the tax would probably be minimal.

Nope. Jbat is the only name I've had here. Is JBaird good company or do I need to worry lol?

 

[Go_Ly_Dow]

Nope. Jbat is the only name I've had here. Is JBaird good company or do I need to worry lol?

Thread 'JBaird has mental breakdown as he invents elaborate "murder/rape" hoax (Update #4151' https://www.neogaf.com/threads/jbai...laborate-murder-rape-hoax-update-4151.404430/

 

[TransTrender]

For my company it goes like this:
Get good boy points valued at $50.
See additional income added to my pay stub for $70.50 (or whatever) which would be the $50 plus max Federal and State taxes.
If they don't do this but report the income on your W2, then you would have to pay taxes and that $50 is closer to $35.
Or they don't report anything at all and you also don't do anything.

 

[Maiden Voyage]

They should just take the taxes out of your paycheck and it's usually not all that much unless you live in one of those places with high tax rates.

 

[JBat]

Thread 'JBaird has mental breakdown as he invents elaborate "murder/rape" hoax (Update #4151' https://www.neogaf.com/threads/jbai...laborate-murder-rape-hoax-update-4151.404430/

Lol now that looks like some deep lore. Will have to read through that when I can.

Thanks for the replies! The upfront value put the monitor barely into a price range I could justify but any hidden costs I wasn't thinking about pushed it back out.

 

[RiccochetJ]

Thread 'JBaird has mental breakdown as he invents elaborate "murder/rape" hoax (Update #4151' https://www.neogaf.com/threads/jbai...laborate-murder-rape-hoax-update-4151.404430/

That was such an amazing thread to watch live. Your username cracks me up every time I see it.

 

[Go_Ly_Dow]

That was such an amazing thread to watch live. Your username cracks me up every time I see it.

That thread is peak GAF. I used to go by M_Night but had to change it to keep the spirit of JBaird alive lol.