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 ?
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
75% wage tax credit, a state property tax credit, and a sales and use tax credit for ten years.
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.
In the segment, Cruz asked Dewhurst if he ever supported a "statewide wage tax, a payroll tax.
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.
23) The taxation of saved income distinguishes the income tax from a consumption tax, and the taxation of investment returns distinguishes the income tax from a wage tax.
Corporate Commons One & Two are located in a 100-acre setting 11 miles from Manhattan and included in the NY State Empire Development Zone which offers incentives, benefits and wage tax credits to tenants.
Last Saturday 100,000 people took to the streets of Dublin to oppose the controversial wage tax.
Employers who pay military personnel on active duty the difference between military pay rate and normal pay receive a 20 percent differential wage tax credit on the first $20,000 in differential wages paid.