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In Australia employees provide a form to their employer which is basically "set aside tax from my pay as though this is my only source of income" vs "tax me at
by px1999 4y ago
In Australia employees provide a form to their employer which is basically "set aside tax from my pay as though this is my only source of income" vs "tax me at a higher rate".
IIRC the wording on the form is simplified to make it seem like the question is "do you have another source of income?"
- mywittyname 4y agoThat makes sense. In the USA, we can just specify additional withholding without any justification. This can be the result of other income (stocks included), but also due to people having a working spouse.