What are the major types of state, local, and federal taxes reflected on a payroll withholding statement?
The whole tax system is so annoying to me, so they keep adding all sorts of other taxes. Also, the tax rates are just unbelievable. Where do these rates come from? Where do they go? I mean, they kind of answer that question – BUT – where do they actually go? To large corporations where management gets fat checks in the form of “bonuses”? I’ve become more tax-aware, and since I started using payroll software, at least I no longer get surprises at the end of the year like “Where did that money go?!” I found a cool thing at https://www.thepaystubs.com/. Very useful.