Why do we pay 10% of our paycheck to the government for taxes, and why/under what circumstances do we get it back in tax returns, or have to pay more in tax returns?

Question

Why do we pay 10% of our paycheck to the government for taxes, and why/under what circumstances do we get it back in tax returns, or have to pay more in tax returns?

In: Economics

Answer 1

10%?!? God bless you, nerd. For in Canada it’s 40% of my moolah that gets taken away!