this post was submitted on 15 Mar 2024
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Could he not use the excess profits to pay the employees a massive bonus for the success that they created?
Windfalls like this cannot be taking lightly and need to be approached strategically. It depends heavily on tax laws and employee finances overall.
Some common got rich quick concerns off the top of my head: Could accidentally knock people into a higher tax bracket and ruin their finances long term for short term gain. Could accidentally give someone collateral to take out a massive loan they cannot afford long term. Could make someone in a low income area a target before they have a chance to move out. Could accidentally get double taxed by doing the payout incorrectly because they're not practiced with handling this much money. Could overinvest it all back into the company and burn too brightly negating all their success. Doing nothing and simply using it as cash reserves is better than making a foolish mistake and ruining it for themselves.
Bro said the most wrong thing I’ve seen all week and won’t respond.
What if you have too much money and you become a target?
Well that’s on you for letting people know about if.
This isn’t a lottery amount of money from the bonus. They aren’t going to be targeted for their bonus that’s in the bank. Plus the og comment didn’t mention this, making it still a wrong take.