Wage Tax

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Wage Tax

1. Any tax deducted from one's paycheck automatically. Most income taxes for employees come from wage taxes. See also: FICA.

2. A local tax on one's wage or salary directly. For example, a township may elect to take $50 from every $1,500 one makes in wages or salary in that township.
References in periodicals archive ?
For proof he pointed to his proposed "responsibility pact", which offers companies 30bn euros ($41bn) in cuts to wage taxes by 2017 in return for a commitment to boost hiring.
This paper makes the general point that conclusions about the magnitudes of optimal wage taxes should take into account the effect of the taxes on the number of taxpaying workers.
Tax Favored Savings, Wage Taxes, Cash Flow Taxes and the Budget Window
taxes, Middle has $25,000 remaining after paying wage taxes to spend on
Commuter wage taxes have been implemented in several major cities in the U.
including credits on investment taxes, wage taxes, and property.
In addition to reporting tax burdens and the size of tax wedges for various household types at different income levels, Taxing Wages contains a detailed description of national wage taxes and cash benefits applying in all OECD member countries.
The court concluded that a taxpayer is subject to the negligence penalty for a failure to withhold and report employee wage taxes.
Taken together, the business and wage taxes ensure that the fiat tax system taxes every dollar of income earned in the economy.
To replace federal aid, some called for wage taxes, but we kept raising land taxes.
Of course, the only way that General Motors gets any money to pay its corporate income taxes - or property taxes and wage taxes, for that matter - is to include the taxes in the price of cars it sells to the public.
The decreased revenue from these payroll taxes is offset in part by the combined yield from the general and the specific wage taxes, which in 1991 is calculated to rise more than 11bn kronor.