The US operates a progressive income tax system. See Insider's picks for the best tax software for small business owners > How federal income taxes are calculated Calculating your tax liability will allow you to figure out what overall percentage of your income is going to federal income taxes. However, if you enjoy getting a big refund, you can instruct your employer to withhold more of your paycheck for income taxes. Ideally, the amount of money your employer withholds from each of your paychecks for taxes will be as close to what you actually owe as possible. If you wind up with a big tax bill, you may need to revisit your W-4.
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