One paycheck I earned only $77 and the govt withheld 9% of it.

Then I earned $2,000 and they withheld 26% of it.

Is everyone else experiencing this?

The less you earn, the less percentage-wise the govt withholds? The more you earn, the greater percentage they withhold?

At this rate, I fear that if I hypothetically would earn $8,000, they would withhold 100% of it. Do you see where this is going?

  • shortwavesurfer@lemmy.zipEnglish
    111·
    10 months ago

    You might consider investing as well as taxes are lower there because you are theoretically helping the economy something like a high dividend ETF where you just put your money in and they pay you a dividend