payroll tax

Jun 28, 2024
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.
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Aug 9, 2023
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.
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Jul 21, 2023
Should the rich pay more into the Social Security system?
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As the rich get richer, their income is escaping taxation.
Sep 2, 2020
Do employees have a say in whether to go on payroll tax holiday?
Win McNamee/Getty Images
It looks like it’s going to depend on who they work for.
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Aug 26, 2020
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.
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Aug 10, 2020
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.
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Aug 10, 2020
Even with the payroll tax cut from Trump’s executive action, companies might continue withholding
Jim Watson/AFP via Getty Images
There’s a lot of ambiguity to employers as to whether they’re even allowed to reduce the withholding.
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Aug 4, 2020
Trump considers carrying out COVID-19 economic relief with executive orders
Drew Angerer/Getty Images
That includes an eviction moratorium and a payroll tax cut.
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Mar 11, 2020
Would a payroll tax cut work in the COVID-19 economy?
Drew Angerer/Getty Images
Extra cash probably wouldn’t get people to take cruises or go to concerts.
Nov 2, 2017
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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