News for hackers. Stuff that matters.
Re:61% of Americans paid no income taxes in 2020 by wjossey on Thursday August 19, 2021 @10:40AM (#28234398)
Because you get a refund for taxes paid which you didn’t owe. You pay an estimate over the course of the year based on how much your employer thinks you’ll make, then they (the IRS) refund you the difference if you make too little, or have sufficient deductions to further lower your tax bill.

There are no comments on this comment yet.