REUTERS/Brendan McDermid
- Bank of America is the latest to join the tax-plan bonus party, paying $ 1,000 bonuses to roughly 145,000 employees.
- That works out to a $ 145 million payout by the Charlotte-based bank, which makes about $ 93 billion in annual revenue.
Bank of America Merrill Lynch is the latest company to offer employees a cash reward following the passage of the $ 1.5 trillion GOP tax plan.
The bank will give $ 1,000 bonuses to its roughly 145,000 employees who make less than $ 150,000 a year, according to a report by the Wall Street Journal.
That works out to a $ 145 million payout by the Charlotte-based bank, which takes in about $ 93 billion in annual revenue.
A handful of companies have announced employee bonuses following the tax plan’s passage this week, headlined by $ 200 million in bonuses AT&T announced Wednesday for 200,000 of its employees.
Other companies who’ve joined the tax-plan after party: Boeing, Fifth Third Bank, Wells Fargo, Comcast NBC Universal, Sinclair Broadcast Group, and Texas Capital Bank.
