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?..........this includes commission on some checks, does that make a difference?
2007-03-19 07:05:47 · 3 answers · asked by Missy 2 in Business & Finance ➔ Taxes ➔ United States
Same answer as before. You have it backwards. The higher the pay, the higher the withholdings. If you don't believe me, do the math.
2007-03-19 07:08:34 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
What happens is you fall into a certain "bracket" depending on how much you are paid and over what period of time. The tables are different if you are paid weekly vs every two weeks, etc. Commisions are probably like bonus' and taxed at a higher rate. The witholding table is usually a base amount plus a percentage of the amount greater than the base.
2007-03-19 07:15:34 · answer #2 · answered by Carp 5 · 0⤊ 0⤋
Hey, taxes are high for everyone. Deal with it. If you want lower taxes you have get to the root of the problem. The politicians take your money, give it to someone else, and claim credit for themselves.
2007-03-19 08:30:30 · answer #3 · answered by Thomas O 2 · 0⤊ 1⤋