For those who took the lump sum, were you taxed at 20-22%? Just curious. My biweekly severance has been taxed same as when I worked with the company vs the higher rate.
3 replies (most recent on top)
Tax and withholding two different things
Friends don't let friends lump sum. Unless you are dying soon there's no good reason to forgo benefits and regular payments.
22% so if you are like me and have a 35% tax rate you'll need to put some aside.