Vermont Weather (2851 replies) Latest news from Albany, VT collected exclusively by city-data.com from local newspapers, TV, and radio stations. Ancestries: English (35.7%), French (19.0%), German (11.0%), French Canadian (7.1%), Italian (7.1%), Scottish (7.1%). Current Local Time: EST time zone. Incorporated in 1915.
Related QuestionsMore Answers Below. 1  Why do people complain about the cost of living in the Bay Area so much when it seems like two successful software engineers (with a realistic... 2  How realistic is asking for a 175k base salary, 20% bonus, and 100K in stock per year at a very successful software corporation in the Bay Are...
Because the rates are graduated, only a portion of your salary is taxed at 31%; the rest is taxed at lower levels. In the end, your tax bill actually will be lower than if you'd applied a flat rate. But in most instances, your bonus is considered a supplemental wage and is not subject to the same rules. It gets hit with a flat federal rate of 28%. No tricky calculations there.