Wage Tax

(redirected from Wage Taxes)

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 ?
9 million - will be used to reduce the city's wage taxes instead of property taxes, since the wage tax is the greater barrier to economic growth in that city.
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.
taxes, Middle has $25,000 remaining after paying wage taxes to spend on
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.
The rating continues to reflect the city's diverse economic and tax revenue structure; while economically sensitive taxes such as its earnings and profit tax and sales tax have contracted slightly, the application of wage taxes to residents and non-residents of the city helps to broaden the tax base and provide greater stability to general fund finances.
Philadelphia residents do not have to apply for this relief because the relief occurs by an automatic reduction to wage taxes for every working taxpayer.
6662 did not apply, because these regulations apply the penalty to income taxes imposed under Subtitle A of the Code, while the wage taxes at issue are imposed by Subtitle C of the Code.
The Department of Commerce estimates that the City of Philadelphia will receive $545,000 in direct revenue through parking and concession income, and hotel, amusement, and wage taxes alone.