Income tax - when?

[winter88]

Fellows, any idea when income tax will be charged - weekly? monthly?

I am billed almost every week except few - the tax authority forgot to mail it out?! Thanks

[Unbornio]

Every 2 weeks I guess. And if you want to keep your taxes down.. spend all your income on planes before the week ends. This eliminates taxation 

[AeroJet]

I don't think it is every two weeks I paid week 20, 21, nothing week 22 and am paying taxes week 23.

[Sami]

Every week, based on income on previous week.

[Pike]

Sami,

Are taxes based on profit, as in money in the bank, or profit period---as in it doesn't matter if I spend it on planes before the end of the week?

Thanks!

[swiftus27]

They are based on profit from what I can see.

Also, you are not really PAYING taxes until end of year.   Your company is simply withholding taxes so you dont get nailed at the end of the year.