What Do You Mean I Can't!

[rextorres]

Umm . . . I'm not going to explain why your overtime was taxed at a higher rate.

The important thing, though, is when you sent in your tax return. On line 22 of the 1040 is your total gross income regardless of how you got it. Your tax rate is based on this income minus deductions which is line 39. On the EZ it would be line 4 and 6.

You may have have had money deducted at a higher rate throughout the year but the tax rate on your tax form is what you should be looking at. Not what was deducted from your pay check.

Anyway that's the whole point of filing tax returns. What's deducted from a paycheck is not necessarily what we should be paying in taxes.

[ April 27, 2004, 19:44: Message edited by: rextorres ]