There was a bunch of other businesses that gave $1000 bonuses to employees because the tax cuts were so great. Lowes, consumers energy just to name a couple.
Most of those bonuses were graduated, meaning only the 20yr+ employees rec'd 1K were as a 1 to 2yr got $100, 3 to 5 got $200, ect....not all it was cracked up to be.
And kindly tell us how many got even a dime in years past.
Fact is, lots of people got bonuses they never got before as a result of the tax cuts. You can quibble, but many hadnt before, and did now, and some got a good bit
I got a bonus they raised my tax bracket to 32%.
I guess the over $41,000 Federal taxes I paid last year wasn't good enough. I'm a retired lineman that made the mistake of never getting married,having kids,or living in debt. I did without and saved and invested. And my reward is to always pay a higher percentage taxes than the top 1%. The tax on my same income would be over $9000 less just by being married. I don't mind someone getting a break but quit billing me because I'm single and don't have any right offs.
I looked at the old and new tax brackets. If you made enough to pay 32% on a little of your income and didn't before the tax cuts you must have had taxable income of 180k ish or so.
Because at 195k you would have been paying 33% before.
So in that slot, you payed a good bit less on most of it, and a tiny bit more on a very low percentage of it, because up to 157.5 k you only paid 24% compared to 28% before.
If you make a decent income like that you should find some rocks to crawl under. There are plenty.
