August 21, 2023
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Gross and net. Yeah, that's the words that you can use to describe what you really can use from your paycheck. Gross, of course, is the total amount you get in the paycheck. Then, of course, that's not what you can use, because net is the amount that's left after taxes, right? That's what you've still got in the net. You've never even seen the government's share... and that's what's gross. Well, they call what goes to the government withholding tax. Now, it's not just the government that's in the withholding business. No, you and I are too, and it's gross.