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| *Ostroff, Fair and Company>>>Canada Taxes |
HOw does one pay more taxes than they have income? |
HOw does one pay more taxes than they have income? I think your asking how can you have paid out more than your share of taxes. If so then it means that either your employer has put you in the wrong tax bracket or your being taxed at a higher rate than what you should be for your income. There is nothing wrong with doing this as you will get the difference back, just a question of money now or money later. Gifts or haritance or winning, or dealing drugs... or made a mistake. They don't, it just seems that way. You could have made a mistake, otherwise my second guess would be that you may have made income from stocks, bonds, mutual funds, real estate, etc. live in canada i geuss and if we don't do something it will be that way here in the u.s. soon |
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