Re:Filing Taxes in Japan Is a Breeze. Why Not in the US?
by rayiner on Friday April 14, 2017 @02:09PM
(#14115995)
American employers only have to do withholding, which is extremely easy to calculate. Employees submit a W-4 listing the number of exemptions and any additional withholding. They plug it into a simple formula to calculate your withholding.
The withholding is not a calculation of actual taxes owed. E.g. it doesn't even have a way to account for spousal income for married couples.
Re:Filing Taxes in Japan Is a Breeze. Why Not in the US?
by kupiakos on Friday April 14, 2017 @03:13PM
(#14116452)
Some places I've worked allow the withholding to be a bit more accurate by specifying conditions like spousal income. The end goal is to make the refund as small as possible.
The withholding is not a calculation of actual taxes owed. E.g. it doesn't even have a way to account for spousal income for married couples.