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29 December, 03:23

How do withholding taxes work

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  1. 29 December, 05:56
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    A withholding tax is an amount that an employer withholds from employees' wages and pays directly to the government. The amount withheld is a credit against the income taxes the employee must pay during the year ... After the Civil War in 1872, tax withholding and the income tax was abolished entirely.
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