RE: LeoThread 2023-12-19 09:05

Good question. The simple answer is yes. Taxes are taken out of your paycheck. The government gets paid before you get paid. However, there are legal deductions and exemptions that are not calculated in payroll taxes. And there are circumstances, such as selling a home or other asset, that are taxable, which need to be settled. Also, self-employed people don't get payroll deductions.

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