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Old 04-14-2012, 05:24 PM   #3
monster
I hear them call the tide
 
Join Date: Dec 2005
Location: Perpetual Chaos
Posts: 30,852
right. and it's all done.

Here, they take out money for tax (which you estimate using various worksheets/whatever), but at the end of the year, you have to do a reckoning and compare what you owe with what you paid. And it generally isn't a simple reckoning. There are simple versions available, but most people end up paying more if they use them. And you get penalized if you paid (withheld) below a certain threshhold.
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