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Do you see what's going on yet? (lemmy.world)

submitted 1 day ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 4 hours ago (1 children)

TIL the US doesn't have a tax free threshold?

[–] [email protected] 1 points 33 minutes ago (1 children)

There is, but you just get everything back as a refund. They still take taxes out of your paycheck.

[–] [email protected] 1 points 7 minutes ago

This seems pretty punitive, considering the poorest in society need the money immediately, not as a lump sum refund once per year.

Here (Australia) the tax free threshold is baked into your tax withholding amount.