FACTOID # 5: Minnesota and Connecticut are both in the top 5 in saving money and total tax burden per capita.
 
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Encyclopedia > Payroll withholding

Payroll withholding promotes voluntary compliance with the tax laws for the majority of the US population. When it was instituted, payroll withholding helped to increase the public's awareness of and responsibility for paying income taxes. The fact is 99% of us would never save the money to make sure we paid our taxes on April 15. Instead we (maybe) would fill out a tax return, find out the whopping amount we owe and not file the return, and then hide from the agents when they came to ask us to pay. My understanding is the the US is the only country where withholding is required. It actually helps those of us who wish to pay our fair share. For those who wish to cheat there is always a way, but usually it is not worth the effort. In the words of a man far greater than all of us combined "Render unto Caesar that which is Caesar's...".


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Payroll Withholding Requirements (2088 words)
Withholding on wages remained at a rate approximating the lowest marginal rates until the introduction of graduated withholding under the Tax Adjustment Act of 1966.
Withholding taxes are normally computed based on the daily, weekly, biweekly, semimonthly, monthly, quarterly, semiannual, or annual payroll period which the employer uses.
Withholding exemptions generally correspond to the exemptions that an employee is entitled to claim in computing his or her annual income tax.
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