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Every month you receive a paycheck for your work and it is always baffling to see how much money is taken out of every check. Most employees could not tell you how much is regularly deducted from them or why. Most of the time we expect, or hope, for a larger amount written on our paycheck than there actually is. When you finally get your check many different taxes have been taken out of it. Obviously the amount of taxes vary for each person depending on where they live and where they work. Regardless of your individual situation though, most people pay income tax based on their wages. This leaves most of us asking, “What is an income tax?”
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