TaxGuyBill
Level 15
08-06-2023
08:22 PM
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@HOPE2 wrote:
IRS says 37% is highest tax rate for individual. But I confused if non-resident suppose to pay 37% why he will get a refund? On 1040 NR a kind of 10% tax rate been calculated
The 37% is merely the WITHHOLDING rate, not the actual tax rate.
So yes, $10,000 of ordinary income with no other income would be about 10%.
