Re:IRS records reveal how the wealthiest avoid income tax
by jameshart on Tuesday June 08, 2021 @08:48AM
(#27434429)
> That's literally insane. So you're basically giving your government a loan a year in advance? Why? Why not pay your income tax when you know - you get your income, like the rest of Europe does?
You might be misunderstanding - this is literally how tax withholding works. You pay estimated taxes as you go through the year, and then file a return at the end of the year and settle up with the government to what your actual tax liability should be.
That's how most income taxes work in most countries.
You might be misunderstanding - this is literally how tax withholding works. You pay estimated taxes as you go through the year, and then file a return at the end of the year and settle up with the government to what your actual tax liability should be.
That's how most income taxes work in most countries.