Net. Your taxable income. Not your gross.
lmao at the previous answer...
Taxes are based on your Gross....
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Net is the amount you get "after taxes"
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There are two very different meanings of gross and net.
As regards "Joe the Plumber", a small business deducts its business expenses, including paying its employees. The business is only taxed on its "net profit" not its gross income.
On a worker's paystub, though, net income is just gross income minus taxes and other withholdings. The tax rate is based on the gross earnings (with exemptions per person, per child, etc).
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