payroll tax

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Lawmakers managed to fix Social Security in the 1980s. But those fixes won’t work a second time.
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The Social Security program is on track to burn through its savings account by 2035 unless Congress changes the law before then. Social Security faced a similar funding crisis in the early 1980s.
Why it’s getting more expensive to hire workers in China
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China’s government is making employers pay more into its social welfare system, just as the economy is stalling.
Should the rich pay more into the Social Security system?
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As the rich get richer, their income is escaping taxation.
Do employees have a say in whether to go on payroll tax holiday?
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It looks like it’s going to depend on who they work for.
Payroll tax cut could mean Social Security benefits run out sooner
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A lot of older Americans rely on Social Security benefits to pay their bills.
Trump’s payroll tax holiday sows confusion
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President Trump has ordered Treasury to stop collecting the employee portion of payroll taxes for some workers through the end of 2020.
Even with the payroll tax cut from Trump’s executive action, companies might continue withholding
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There’s a lot of ambiguity to employers as to whether they’re even allowed to reduce the withholding.
Trump considers carrying out COVID-19 economic relief with executive orders
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That includes an eviction moratorium and a payroll tax cut.
Would a payroll tax cut work in the COVID-19 economy?
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Extra cash probably wouldn’t get people to take cruises or go to concerts.
Payroll taxes, not income taxes, mean more to many households
Much of the discussion around tax reform these last few weeks has focused on income tax and details like tax brackets and tax rates. Meanwhile, 40 percent of taxpayers don’t pay any income tax, while almost all of them see a payroll tax come out of their paychecks. It’s usually listed as FICA and helps […]

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payroll tax