Bank of America joins the tax-plan after party with $145 million in bonuses to employees

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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.