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[–] 2 points 2 years ago (1 child)

They do deduct taxes from your paycheck. Basically once a year, you have to true up and figure the exact amount you should have paid. If that's less than what was withheld, you get a refund.

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  • [–] 1 point 2 years ago* (last edited 2 years ago)

    Well plus there are taxable events that aren't on your payslip. If you sell goods over a certain threshold. If you get a taxable distribution from an investment account. Etc. Edit: also the IRS doesn't know about what you have that's eligible for deduction.

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