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Do you know how tax withholding works in other countries? Like if you have two jobs, does one have to know about the other so that they know which bracket the s
by mehrdadn 8y ago
Do you know how tax withholding works in other countries? Like if you have two jobs, does one have to know about the other so that they know which bracket the salaries they pay you fall into?
- grecy 8y agoIn Australia, at least, when you fill out the tax paperwork for a new job, you can tick a box that basically means "Please withhold more tax so I don't get a bill at tax time". Not that it really matters though, it all comes out in the wash.
- adwww 8y agoIn the UK everyone has a tax code that tells your employer how much tax you're paying. It doesn't tell the employer why you have that number, which could be for lots of reasons - eg. over / under paid in the past, working two jobs, etc. Eg. my tax code is 1185L - essentially meaning I have a tax free allowance of £11,850 PA and have no additional income.