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TopicTaxes. Do you normally owe or get money back?
ironman2009
04/17/24 8:19:16 PM
#34:


wackyteen posted...
I mostly just find it some level of funny that they give me their money then immediately take some of that money back instead of just paying me less to begin with.

they aren't "taking" your money per se (your employers i mean), they are holding it for you to ensure your taxes get paid. it's not like they can just spend it willy nilly, they report everything to the state/fed (atleast they should) and have to have those funds available at all times. depending on what kind of work you do/who your employers are, they don't really need to hold it at all, but that's something you have to work out with your individual employer. wouldn't recommend that though unless you really are on top of what your income is and aware of your tax rates and whatnot.

them paying you less and saying "hey instead of paying you, we're just going to short change you and say we held what you owe in taxes" is way too likely to go wrong for everybody, but you especially as if you don't pay your taxes, you're the one fucked over. and for income tax, if you make less, the gov't gets less (in theory) so the gov't doesn't want employers to do that either.

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THRILLHO
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