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> And you have to pre-pay taxes! Before you make money, you need to pay tax?

• nottorp 6y ago
  > Before you make money, you need to pay tax? In countries with corrupt and/or incompetent tax authorities, they try to introduce a fixed tax amount / pay in advance scheme for ... reasons ... where they can. Usually they squeeze freelancers first. Or random liberal occupations. In Romania freelancers and landlords have to prepay taxes based on last years' income, for example. With the exception of some kinds of freelancers that they just gave up on and make them pay a fixed amount per year. Freelancers prepay taxes in Greece too, as far as i know.
  • anonfornoreason 6y ago
    You have to prepay in the USA as well based on previous year taxes. It’s called making safe harbor, and there are penalties if you don’t.
    • nottorp 6y ago
      So if your income drops compared to last year, you're screwed two ways in the US as well? For example, if you lost student renters due to Covid and remote learning.