The tax laws are insane here, so most regular people that live here don't even understand them. But I will add that if you're a wage earner, the business you work for is responsible for sending the taxes to the government every paycheck, so it is automatically deducted before you receive the check, all you get to decide is what percentage they send. It is also required to pay taxes on a lot of things, like private sales for cash, but no one reports cash transactions. It's why people are afraid of a cashless electronic currency, because it will close the possibility of unreported private sales.
If you own a small business or make a lot of money on investments the government expects you to send in tax money every 3 months, based on your estimated earnings.
if you're a wage earner, the business you work for is responsible for sending the taxes to the government every paycheck, so it is automatically deducted before you receive the check
This is how it is done in Russia. Employer pays all empoyees taxes and insurances, and if Russians talk about salary it is always about sum after all taxes and insurances paid. Normally, Russian employee don't need to bother with taxes at all.
It is also required to pay taxes on a lot of things, like private sales for cash, but no one reports cash transactions.
That's the difference. Here only really huge private sales have to be reported and only if they are too often. Say, you could sell an expensive car or a house, but you don't need to pay anything unless you do it more often than once a year or something like.
f you own a small business or make a lot of money on investments the government expects you to send in tax money every 3 months, based on your estimated earnings.
Thank you. Didn't know that. I thought that once a year all Americans have to recall all their earnings, calculate tax, fill some paper and send it along with money transfer to IRS. :)
Hey did you watch the Tucker Carlson interview with Mr. Putin? What did you think about it? I wish we had politicians who could speak plainly and rationally like your president.
There was nothing that I didn't already knew about. However it could be a revelation for Western audience which know everyting about Russia from its worst enemies.
There was one interesting thing nobody seems noticed, but I'll make separate post about it.
The tax laws are insane here, so most regular people that live here don't even understand them. But I will add that if you're a wage earner, the business you work for is responsible for sending the taxes to the government every paycheck, so it is automatically deducted before you receive the check, all you get to decide is what percentage they send. It is also required to pay taxes on a lot of things, like private sales for cash, but no one reports cash transactions. It's why people are afraid of a cashless electronic currency, because it will close the possibility of unreported private sales.
If you own a small business or make a lot of money on investments the government expects you to send in tax money every 3 months, based on your estimated earnings.
This is how it is done in Russia. Employer pays all empoyees taxes and insurances, and if Russians talk about salary it is always about sum after all taxes and insurances paid. Normally, Russian employee don't need to bother with taxes at all.
That's the difference. Here only really huge private sales have to be reported and only if they are too often. Say, you could sell an expensive car or a house, but you don't need to pay anything unless you do it more often than once a year or something like.
Thank you. Didn't know that. I thought that once a year all Americans have to recall all their earnings, calculate tax, fill some paper and send it along with money transfer to IRS. :)
Hey did you watch the Tucker Carlson interview with Mr. Putin? What did you think about it? I wish we had politicians who could speak plainly and rationally like your president.
There was nothing that I didn't already knew about. However it could be a revelation for Western audience which know everyting about Russia from its worst enemies.
There was one interesting thing nobody seems noticed, but I'll make separate post about it.