Wage Tax

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 ?
Philadelphia has a diverse revenue base, with a wage tax, business income and receipts taxes, a property tax and a sales tax, each generating a significant portion of local revenues.
But recently, the Food Trust looked at wage tax receipts from the sector in the economy most affected by the tax and found a slight increase, so the doomsday complaints from the beverage industry that this is a job killer just aren't verifiable.
at present, Various directories and recording options are kept in the tax administrations of the federal states in order to perform and ensure the tasks in the recognition procedure and the supervision of wage tax assistance associations ( 15 (1) in conjunction with 27 (1) and (2) stberg).
In this total of the income tax, the wage tax was 3.968 billion DT for 3.2 million employees, hence the effect of the 70% that remains to be specified.
First, we examine the economic incidence of a revenue-neutral carbon tax where the revenue pays for a wage tax cut.
It's time to stop this race to the bottom and to a Brexit that will make this country a low wage tax haven for big business.
I voted to remain and if elected I would oppose Theresa May's reckless approach to Brexit and her agenda to turn Britain into a low wage tax haven for big business Gareth Thomas Ruthin
Lax tax regulations are a rumoured policy of Prime Minster Theresa May, who has been accused by opposition leader Jeremy Corbyn of trying to change the UK into a "low wage tax haven" following Brexit.
In the model developed in this article, I examine the effects of three important policies-unemployment benefits, start-up cost subsidy, and wage tax. My primary findings regarding the effects of these policies are as follows.
In the segment, Cruz asked Dewhurst if he ever supported a "statewide wage tax, a payroll tax." Dewhurst said he never did, a response that Cruz has described as a "deliberate falsehood."
As the authors note, "because individuals valued ESHI, mandate-based health reform in Massachusetts resulted in significantly less distortion to the labor market than it would have otherwise." Contrasting the effect of the reform with a hypothetical wage tax to pay for health insurance, they estimate that the distortion to the labor market would have been more than 20 times as large under the tax.
MOST EMPLOYERS that send out more than 250 W-2 wage tax withholding forms in 2012 will have to provide information about how much they spend on the employees' group health coverage.