Signing bonus

They rack up.

But right now, for many of these core positions, what's happened is the sign-on bonus wars.

So these hospitals are paying $50,000 like out the door, day one or a couple months in to the start of a nurse, who then leaves within a year.

And so that money is either gone or now we have to hire a lawyer to claw it back, which is a terrible feeling for everybody, right? Nobody likes that.

There are, though, employers who have to get it back.

They're garnishing wages of the employees.

I mean, none of it is good, right? And the tax treatment of it is not good, right? When somebody gets a $50,000 sign-on bonus, they get $25,000 of it.

If this money is paid slowly through monthly loan repayment, and if the company uses Section 127, the first $52.50 of it is totally tax-free now.