Quote:
Originally Posted by Robbie
All I can say about taxes is...the payroll tax has to be the most ingenius and sinister thing ever created.
If everybody in this country had to write a check to the govt. every quarter to pay their taxes we would have a revolt.
Instead they get it taken out of their pay before they ever see it. And they always take more than what is needed so the people are all happy when they get money from the govt. at the end of the year.
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You're confusing payroll tax with tax withholding.
Payroll tax is social security tax, paid on the first $97,500 in wages. You don't ever get that back, unless you become old enough to collect social security.
You're thinking of withholding tax, which is income tax that people basically overpay in order to get a refund at the end of the year.
I agree that it is pretty ridiculous to do it that way.
As for the rest, I think I need to let this thread die. I should have been more careful in wording the title because the discussion hasn't been about what I wanted it to be about (for the most part)
Next time I'll give more thought to the title so that the discussion stays on point.