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PaperclipPerfector  1yr ago (text post)   4498 thread views

Small-Scale Question Sunday for November 5, 2023

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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There are payroll taxes and income taxes at the local, state, and federal level. Payroll taxes are split equally between the employee (7.65% of income capped at first 100k income) and the employer and cover programs like social security and health insurance for the poor/old.

This is a very important point for people who aren't already familiar with the US income tax system. As someone who recently moved to the US and assumed that my income taxes were my fucking income taxes (imagine that!), I was furious when I saw that payroll taxes were this whole other thing that isn't even on the fucking IRS tax transcript (seriously!!) and was literally greater than my supposed "income tax".

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