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> Have you ever wondered why the withholding is required to be called out separately on your paycheck, and it's not just paid on your behalf? It's because they
by dataflow 2y ago
> Have you ever wondered why the withholding is required to be called out separately on your paycheck, and it's not just paid on your behalf? It's because they want you to look at your paystub and get mad at all the deductions.
This sounds like nonsense. Did you read this somewhere credible? You need to know how much has been withheld because you might have multiple jobs during the year and the tax is bracketed depending on your total income during the year. If they hid that information during the year, people wouldn't have the documentation they need to figure out if they need to adjust their withholding to avoid a penalty (or a free government loan).
- jedberg 2y agoI can't find them now, but yes, they were direct quotes from GOP House members about wanting people to feel the pain of taxes to make it harder to raise them. And you don't need to see your social security and medicare taxes on each stub, because you can't change their withholding. You only need it on your W2. And in fact your employer pays half of those taxes already. That was the compromise. That your employer pays half, which you don't see, and you pay the other other half. They could have easily had your employer pay the full amount and then you'd just make less, but they purposely did it this way so that you get mad about how much the tax is.
- dataflow 2y agoOkay, but if you're talking about the social security and Medicare portions then that... only explains those portions, no? The comment above made it seem like it's talking about all income tax, which wouldn't make sense.