Nov 2, 2017

11/02/2017: How payroll taxes can translate to lower wages

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(U.S. Edition) The House GOP is planning on releasing its tax bill soon, and in the plan we'll finally learn more about tax brackets and tax rates. But there's another part of the tax code that's currently very important to…

Segments From this episode

Payroll taxes, not income taxes, mean more to many households

Nov 2, 2017
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…

Russia boosts soft power with energy investments

Nov 2, 2017
Venezuela’s state-owned oil company must make a $1.2 billion payment to creditors tomorrow as it risks defaulting it’s debt. Russia’s state-owned oil company Rosneft has made billions of dollars in loans to cash-strapped Venezuela and is likely to step in…

Social issues belong in the workplace, Lifeway Foods CEO says

Nov 2, 2017
Talking about them leads to change, Julie Smolyansky says.
Lifeway CEO Julie Smolyansky attends a yoga event last year in Chicago. 
Photo by Jeff Schear/Getty Images for Lifeway

(U.S. Edition) The House GOP is planning on releasing its tax bill soon, and in the plan we’ll finally learn more about tax brackets and tax rates. But there’s another part of the tax code that’s currently very important to many low- and middle-income households: payroll taxes, also known FICA. On today’s show, we’ll look at what these taxes are and why economists say employers are passing on the costs of this tax to employees in the form of lower wages. Afterwards, we’ll look at how the current Fed chair frontrunner, Jerome Powell, might approach future policy. Plus: A conversation with Julie Smolyansky, CEO of Lifeway Foods and an outspoken champion for survivors of sexual assault, about how our culture needs to change.

The team

Stephen Ryan Producer, BBC