I have noticed that on my checks the higher the check the less taxes they have taken out and the less the check the more taxes, why is that? And not only that, at all of my other jobs they have never taken out so much taxes. Whats up with that?
2007-03-19 06:27:20 · 4 answers · asked by Missy 2 in Business & Finance ➔ Taxes ➔ United States
Sorry, but the higher the check, the higher the total tax bite will be. You've got it backwards.
You can only compare two jobs if the gross pay per pay period is exactly the same, the benefits are exactly the same and your W-4 withholding exemptions are exactly the same. If that isn't the case you can't make a valid comparison.
2007-03-19 06:33:33 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Depends on the number of exemptions you have requested (0 or 1)? Take more exemptions, you'll get more money in your paycheck. Exemptions do not equal people.
Also depends on the tax year you were employed at other companies. There may have been an increase in Medicare and other costs required to be taken out.
2007-03-19 06:31:33 · answer #2 · answered by Venita Peyton 6 · 0⤊ 0⤋
you've got it reversed. percentages and amounts increase with earnings, that's why they call it a progressive income tax
2007-03-19 07:01:58 · answer #3 · answered by jim06744 5 · 0⤊ 0⤋
elective reps in congress are doing it...
2007-03-19 06:31:04 · answer #4 · answered by skcs11 7 · 0⤊ 2⤋