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No, bonuses are not “taxed larger” than wages. Your employer withholds a federally-mandated 22% within your bonus for tax functions, but nearly all of that could typically be refunded for you after you file your tax return.
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The summary version of it all is withholding refers back to the amount of money that the employer docks out within your paycheck to make use of at the end of the 12 months to pay taxes; In the meantime, your true tax price is The share of the overall cash flow that goes to taxes at the conclusion of the 12 months.
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Do I have to shell out taxes on winnings? Sure, you are doing. Any winnings of over $600 should be claimed towards the IRS.