payroll tax

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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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The politics of the payroll tax cut create a risk that it will be made permanent.

Don't drain Social Security

It would be easy to conclude, in fact, that most of official Washington doesn't even know the payroll tax exists.

The worst tax: how payroll taxes have hurt America's working class

71 percent paid by employers, the payroll tax for transit would begin to approach a full percentage point of all labor costs.

Back off on transit tax

By March of that year, the House had proposed a plan that included a payroll tax.

Cruz Accuses Dewhurst of "Deliberate Falsehood"

Integration of the Vertex solution and Oracle Fusion Payroll is said to provide Oracle users with increased efficiency, reduced risk and compliance with payroll tax regulations.

Vertex Payroll Tax Q Series certified for integration with Oracle Fusion Human Capital Management

An example of the IRS's pursuit of potential payroll tax dodgers includes the $319 million assessment (including interest and penalties) against FedEx for claiming its drivers were contractors rather than employees.

Is it time to pay the piper? New IRS project increases the Odds of an employment tax audit

Moreover, the higher payroll tax would not be sufficient in the long run.

Reid ponders Medicare tax increase for high earners

The party that opens up all income tax breaks to all payroll tax payers might be able to consolidate the next majority in American politics, a majority built on center-left, tax-cut Reaganism for the masses, not the elites.

Share the credit: why extending income tax credits to payroll tax payers should be the next big idea in American politics

9% payroll tax, which is paid by employers and employees.

Managing without Medicare: with experts projecting bankruptcy by 2019, how will you handle future medical expenses?

Alternatively, if additional revenue were provided beginning in 2042, revenue equivalent to a payroll tax rate increase of about 3.

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

This reminds me that I want to embrace a proposal by the New America Foundation's Maya MacGuineas to replace the payroll tax with a tax on consumption.