How much of your paycheck does the federal governent hold for taxes?
Federal tax withholding rates vary based on you income from between 10% and 35%.
Answered by Judy B. -
About Federal Tax
Federal Taxes are administered through the Internal Revenue Service (IRS), a bureau of the Treasury. The US tax code is intended to provide revenue for the federal government. Federal taxes are also for public policy reasons, such as encouraging home ownership.
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