Despite the president’s false claims, Americans actually pay U.S. tariffs — meaning his “liberation day” announcement is about liberating Americans from their money
I’m not in the US but I thought about that once, I would be better off not paying taxes on my paycheque, putting what I’m supposed to owe in a savings account and keeping the interest when paying all my taxes at once…
I’m not in the US but I thought about that once, I would be better off not paying taxes on my paycheque, putting what I’m supposed to owe in a savings account and keeping the interest when paying all my taxes at once…
Fun fact. If you are self employed, you are expected to predict your annual tax and pay it quarterly. Get it wrong, and you pay penalties.
Same in Canada if you’ve got too much capital gains one year, you’re asked to pay in advance the following year but it’s not an obligation.
Then you would owe the IRS interest on the money in the form of a special penalty surcharge on your taxes owed.