Depends on your occupation too. Take my brother for example who makes 60% of what he makes from commission. That is a very hard thing to take steady taxes payments out pay check to pay check. So he is only taxed on 40% of what he makes. He ends up owing a lot at the end of the year because 60% of his earning went un-taxed.
Its best to try and establish a baseline so when your taxes are paid on a pay check to paycheck basis you are caught up come the end of the year, or have over paid a bit.
People sometimes don't like to over pay and want the absolute minimum withholding. Which inst a bad way to go about it just don't expect as much or any money back when other people who have had more of a % withheld throughout the year from their earnings.
It works for me to do maximum withholding to use that cash for the other taxes my wife and I have to take care of.
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Airaid CAI | Borla S-Type Catback | Amsoil 10w30 and MTG Trans. Fluid
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