Payroll Tax

Americans in ten states currently pay top tax rates above 49 percent, which is likely above the revenue- maximizing tax rate. Under President Biden's proposed tax increases, almost three- quarters …

have also proposed removing the Social Security payroll tax cap (wages subject to the current 12.4 percent … California rate includes a 1.1 percent state payroll tax. …

Establish and Expand Refundable State Earned Income Tax Credits and Child Tax Credits Earned income tax credits (EITCs) and child tax credits — at both the federal and state levels …

Montgomery officials to impose a new 1 percent payroll tax on anyone working within the city, which was …

This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Middle East and North …

toresumebyFY25, as tax reforms kick in (the payroll tax sys- tems standardization, enhanced adminis- …

This document provides a guide for conducting behaviorally informed interventions to reduce businesses' carbon footprint. It draws insights from a pilot study within Colombia's textile industry and Peru's plastic industry. …

Schmitz, J. (2022). How to improve small firms’ payroll tax compliance? Evidence from a randomized field …

Spouses of active-duty service members face challenges in the civilian labor market compared with their peers in nonmilitary households because of deployments and frequent moves. The U.S. Department of Defense’s …

Contributions Act (FICA) payroll tax. OASDI and Medicare are funded through the FICA payroll tax. FICA payroll …

Turning to the parameter estimates in the wage equation, we see that wage gaps of race- ethnicity minority groups tend to be most pronounced in the bottom half of the …

liability from TAXSIM includes federal, state, and payroll tax payments, inclusive of refundable EITC and Child …

The Office of the Chief Actuary of the Social Security Administration (OCACT) has provided actuarial analyses of many of these proposals showing the estimated effect on the financial status of …

from the OASI portion of the Social Security payroll tax and other sources will be sufficient to pay 77% … increasing the combined employer and employee OASI payroll tax, reducing promised benefits, or some combination … equity: • Benefits are paid regardless of need. • Payroll tax rates are a flat percentage of income up to a … consideration proposals that divert a portion of payroll tax revenue to individual accounts, and proposals … Social Security Benefits In addition to the payroll tax, Social Security receives income from regular …

Focusing on corporate and public power, labor and wages, and the economics of race and gender inequality, the Roosevelt Institute unifies experts, invests in young leaders, and advances progressive policies …

themassive Reagan-era cuts—and applied the Medicare payroll tax to all wages (Joint Committee on Taxation 1993) …

provisions that address the deficit are the increase in the payroll tax and a change in the maximum amount of wages subject to the payroll tax. [...] • The bend in the green line at the 90th decile reflects … reflects the provision in the BPC proposal that would raise the maximum wage subject to the payroll tax and includes a provision for an additional benefit based on those wages. [...] Benefit Formula calculation …

the trust fund deficit are an increase in the payroll tax, an increase in the age at which full benefits … earnings, ratios are about 0.6. • The higher payroll tax rate and increase in the taxable maximum would … increase in the payroll tax and a change in the maximum amount of wages subject to the payroll tax. There are … earnings, ratios are about 0.9. • The higher payroll tax rate and increase in the taxable maximum would … would raise the maximum wage subject to the payroll tax and includes a provision for an additional benefit …

Fiscal policy in the U.S. and other countries renders intertemporal budgets non-differentiable, nonconvex, and discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the …

Concave Kink We next include the 12.4 percent FICA payroll tax with, to repeat, its ceiling (concave kink) at … personal income-tax brackets, the Social Security payroll tax with its ceiling, and the provision of basic …