| ▲ | thatwasunusual 4 hours ago | |||||||||||||||||||||||||
A Norwegian "ENK" ("enkeltmannsforetak"; self-employment) deals with a more integrated state reporting environment, stricter cash-sale controls, more emphasis on formal bookkeeping and VAT/cash-register infrastructure, and a more pre-filled tax ecosystem. You can get a long way cheating the system if you deal with cash only, as banks etc. are required to report everything about everyone to the government, but these days it can only take you so far. My understand is that the US is much more depending on self-reporting. But given that the US has its own industry involving tax reporting, and having lived there myself, I don't believe you when you say it's "simple." ;) | ||||||||||||||||||||||||||
| ▲ | SoftTalker 4 hours ago | parent [-] | |||||||||||||||||||||||||
If you have only W2 income ("W2" is the name of the form the employer reports your income and tax witholding on) and no unusual other credits or deductions, then US tax filing is very simple. It is not much more than: Taxable income = Total income - Standard deduction Look up tax due in a table. Subtract taxes already witheld, pay (or refund) the difference. In most states you also have to file, but this is normally just transcribing a few totals from your federal filing and then computing the state tax due, normally just a simple percentage multiple. | ||||||||||||||||||||||||||
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