Most Walt Disney World cast members to receive a $1000 cash bonus

Darkbeer1

Well-Known Member
I ran a what if 1040 for a family of three making 30K and 40K. The 1000 bonus increased their Fed. tax $175 leaving $875 from the bonus, for non FL CMs it will be different

That is for 2017 income, I presume, not the new 2018 tax laws.

So married with one child. I presume all are US Citizens. No other income, special credits, etc.

At $30,000, the couple owes no tax, and would qualify for refundable Child Tax Credits. ($525)

At $31,000, the couple owes no tax, and would qualify for refundable Child Tax Credits. ($675) Yes, an EXTRA $150

At $40,000, the couple owes no tax.

At $41,000, the couple owes no tax.

https://www.calcxml.com/calculators/trump-tax-reform-calculator

As stated earlier, the Federal Withholding ($220) would be returned when the 2019 return was filed, plus the possibility of getting the 7.65% SS/Medicare tax refunded in the Child Tax Credit.

Let's look at a Single person without kids.

At $30,000, Fed Taxes owed are $1,970 before withholding

At $31,000, Fed Taxes owed are $2,090 before withholding, so an extra $120, leaving $100 to be refunded in 2019.

At $40,000, Fed Taxes owed are $3,170 before withholding

At $41,000, Fed Taxes owed are $3,290 before withholding, so an extra $120, leaving $100 to be refunded in 2019.

Plus, the EITC charts are not out, but the Married couple with one child would qualify for the additional refundable amount to just under $41,000. More kids, more EITC. Single parents (Head of Household) would also get back some.

https://www.irs.gov/credits-deducti...ncome-limits-maximum-credit-amounts-next-year

As stated earlier, every person's tax situation is different. Some workers might qualify to be a dependent on someone else's return if they work part-time, such as a college student just working the summer, so this wouldn't apply to them.
 
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FireChiefGoofy

Well-Known Member
Advertisement
This just in! As you may know the 38,000 union CMs here at WDW are currently in wage negotiations. Today (2/19/18) the company offered us a 50¢ Increase and the $1000 “bonus” as part of the wage negotiations. If we do not ratify this offer by 8/31/18 the $1000 bonus offered to us will expire. The unions have filed an unfair labor practice. This bonus was billed to us and you the public as a result of the tax savings Disney was receiving. We know know it was all smoke and mirrors to the some of the hardest working CMs.

Thank you.
Your friendly Disney bus driver!
 

21stamps

Well-Known Member
This just in! As you may know the 38,000 union CMs here at WDW are currently in wage negotiations. Today (2/19/18) the company offered us a 50¢ Increase and the $1000 “bonus” as part of the wage negotiations. If we do not ratify this offer by 8/31/18 the $1000 bonus offered to us will expire. The unions have filed an unfair labor practice. This bonus was billed to us and you the public as a result of the tax savings Disney was receiving. We know know it was all smoke and mirrors to the some of the hardest working CMs.

Thank you.
Your friendly Disney bus driver!

Thanks for sharing. Will the union accept the 50 cent raise?
 

Darkbeer1

Well-Known Member
How many Bus Drivers have applied for the jobs? If Disney has enough folks to accept the current offer, well, that is business, and they can tell the union fine. If you won't accept the deal, we will no longer need the services of any of your members. Then the drivers can go apply at the airport, the city bus system, Universal, etc.
 

21stamps

Well-Known Member
No. They’re gonna throw a temper tantrum instead. Serves them right if they lose their bonus. They should shut up and be appreciative of what they’re given/offered.
How many Bus Drivers have applied for the jobs? If Disney has enough folks to accept the current offer, well, that is business, and they can tell the union fine. If you won't accept the deal, we will no longer need the services of any of your members. Then the drivers can go apply at the airport, the city bus system, Universal, etc.

I can see why this would be unpopular with the public, but it does make sense. Why would you pay a bonus to a group who has been unwilling to accept any terms of negotiations so far? They keep threatening to strike. Giving the bonus an expiration date is probably needed here, and is quite logical.
 

FireChiefGoofy

Well-Known Member
I can see why this would be unpopular with the public, but it does make sense. Why would you pay a bonus to a group who has been unwilling to accept any terms of negotiations so far? They keep threatening to strike. Giving the bonus an expiration date is probably needed here, and is quite logical.

This bonus is a result of the Trump tax cut. A letter was sent out by Bob Iger stating all 125,000 CMs get it. Now Disney is changing the terms by tacking it onto the proposal that was voted down by 93% of the Members. We are only asking for $0.03 of each ticket sold. From what they made from Black Panther this weekend, they could’ve given us what we asked for and had money left over.

Disney’s tax savings from the new plan infuse just about $2,000,000,000 back into the company.
 

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