payroll

Thomas Bushnell BSG tb at becket.net
Thu May 26 11:44:13 EDT 2005


Andrew Sackville-West <andrew at farwestbilliards.com> writes:

> Seems to me there's really only a handful of ways to tax income:
>
> -- a flat % tax on all income (in US thats medicare)
>
> -- a flat % tax on a part of income (in US that's social security)
>
> -- a graduated % tax on all or part of income (US income tax)
>
> -- a unit price (?) tax on hours worked or some other non-income based
> value (in US, typically workers compensation -- my jurisdiction is
> some many $ per hour worked)

This is true, more or less.

The US withholding tables are just that: tables, which are sometimes a
little different than what formulas would produce.  Indeed, they don't
even have formulas.  Employers are required to withhold the amounts
listed in the tables, and that's that.



More information about the gnucash-devel mailing list