payroll tax

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Related to Payroll taxes: Social Security Tax

Payroll Tax

A tax in which an employer retains a certain percentage of an employee's wages or salary and gives it to the IRS or tax agency instead of the employee. This reduces or eliminates the possibility that the employee will spend his/her tax liability, and give the government cash flow to fund certain operations. See also: Withholding.

payroll tax

a TAX on a firm's total WAGE bill. The tax may be paid wholly by the firm or on some shared basis with employees. Insofar as such a tax alters the relative price of LABOUR and CAPITAL, it may result in the firm substituting capital for labour.
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A repetition of the last round of payroll taxes might not be the best, or the only, way to go.
Give payroll tax close look
As the above discussions illustrate, there is a very real incentive for responsible persons to make sure trust fund payroll taxes are paid.
Bankruptcy and the trust fund recovery penalty
In 2010, Congress enacted legislation, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 which reduced employee payroll taxes and self-employment taxes by two percentage points.
Congress debates Payroll Tax, sec. 179 expensing
located in Canton, Ohio, helps simplify employee management with online software applications for Payroll and Employee Payroll Taxes.
Patriot PAY SaaS Payroll Software Offers Tennessee Employers a New Choice
Exclusive control is not required, and delegation of the authority to remit the payroll taxes does not relieve someone of section 6672 liability.
No good deed goes unpunished
Over a quarter of payroll taxes are owed by businesses with more than 3 years (12 tax quarters) of unpaid payroll taxes.
Tax Compliance: Businesses Owe Billions in Federal Payroll Taxes
Diverting 2 percentage points of payroll taxes from Social Security into private accounts, as a Bush administration commission urges, would add $1 trillion to that debt.
Should Social Security be partly privatized? President Bush wants to let workers invest part of their Social Security taxes in private accounts
Antos expects Congress to keep Medicare solvent by taking actions such as raising payroll taxes, reducing benefits, and increasing co-payments for premium services.
Managing without Medicare: with experts projecting bankruptcy by 2019, how will you handle future medical expenses?
One way to ease the burden on future generations is to allow individuals to invest all or portions of their payroll taxes in personal accounts.
Second term best for Social Security reform: the proposals from the president's first term have been vetted publicly and will be primed for debate in Congress, and it is important that Social Security reform receives the attention that is needed to place the program on sound financial footing for the future
Reporting the differential payments in Box 1 of Form W-2 does not automatically trigger the application of payroll taxes.
Employment tax and reporting treatment of differential payments to active duty reservists
Because many people work in the informal sector, payroll taxes (collected only in the formal sector) have to be higher than would otherwise be necessary.
Social insecurity: Why an increasing number of countries are turning to market-based pension plans
Supreme Court: Back Wages Subject to Payroll Taxes When Paid
Cleveland Indians Strike Out

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