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healingme4me
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Default Feb 19, 2019 at 05:18 AM
 
Payroll taxes are much different than lottery taxes by far. I can comprehend why that might be in your thoughts.
Payroll taxes are spelled out in brackets. Your payroll coordinator would plug in a code for an estimated yearly amount to gauge how much of a percentage to withhold from your paycheck. With state taxes, it's the same method. I know that my state tax operates on a 5.1% margin with an elective of 5.85% for instance.
800 of 11K is 7.27%.

Lottery is around that 35% ratio.
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