Trend Results : Payroll Tax

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Payroll firm owner pleads to tax evasion

The owner of a payroll company has pleaded guilty to tax evasion charges in the theft of $5.3 million in wage taxes from his clients. Defense attorney Philip Lauer said … Click to Continue »

Lawmakers advance daycare tax credit with steep startup cost

Nevada Democrats are advancing a bill to give businesses a break on payroll taxes if they help employees pay for child care. Companies would get a discount off their annual … Click to Continue »

Where did your 2016 tax dollars go?

More than 80% of the US federal government’s budget comes from payroll and income taxes. The National Priorities Project is dedicated to helping Americans understand how that money is spent. Here’s the data for 2016: The highest individual income “top” tax rate in history was 94%; that was the rate at which any income above 200,000 was taxed in 1945, equivalent […]

Federal tax bills: Where does your state rank?

U.S. residents paid Uncle Sam an average of $8,943 per person in federal income, payroll and estate taxes in 2016. A look at how the District of Columbia and the … Click to Continue »

Trump Considers Plan to Defund Social Security

President Donald Trump, who campaigned on a promise not to cut Social Security, is reportedly considering a plan to eliminate much of the payroll tax that funds the critical safety net program. According to the Associated Press on Monday,...Show More Summary

MI: CATA Proposes Firing Auditing Firm after $1.2M Payroll Tax Error

Capital Area Transportation Authority officials plan to fire their current auditing firm after late payroll taxes landed the authority with a $1.2 million bill.

Trump's Got a Devious Project Going to Gouge Social Security

An attack on the payroll tax. The Trump White House has found a new way to dress up the old right-wing cause of dismantling Social Security. According to an April 9 report by the Associated Press, The Trump administration and House Republicans...Show More Summary

Trump Administration Considering Cutting Funding Source for Social Security

2 weeks agoNews : Truthdig

By Deirdre Fulton / Common Dreams President Trump is reportedly considering a tax plan to eliminate much of the payroll tax that funds the critical safety net program.

Trump's proposal to eliminate the Social Security payroll tax may be his worst idea yet

President Trump’s tax reform agenda is in trouble. That’s not news, but one proposal that his team has floated as a way, ostensibly, to cut taxes on the middle class is. According to the Associated Press, they’re toying with the idea of eliminating the payroll tax, which funds Social Security and...

Let's Get Rid of the Payroll Tax!

The Associated Press reports today on various rumors making the rounds about President Trump's tax plan, including this one: One circulating this past week would change the House Republican plan to eliminate much of the payroll tax and cut corporate tax rates. Show More Summary

Tax Hacks for Business Owners

I'll never forget the first time I had to file taxes as a small-business owner. Between the myriad of IRS forms, deductions, payroll and quarterly installments, I was overwhelmed. I quickly learned that the best plan of action was t...

91 percent of seniors believe this Social Security practice should end, survey shows

It's safe to say that without Social Security millions of senior citizens would be struggling to pay their bills during retirement. How Social Security is funded Payroll taxes (86.4%) Interest (10.1%) Taxation of benefits (3.4%) Seniors overwhelmingly agree this needs to change Read more... Permalink | Email this | Linking Blogs | Comments

IRS Urged To Penalize — And Prosecute Payroll Tax Violations

Civil and criminal employment tax violations are on the rise, and a watchdog says the IRS should crack down hard.

Man Draws $4.3M IRS Penalty For Lending $100K To Struggling Business

Payroll tax liabilities can be personal, with a 100% IRS penalty on all 'responsible persons.' You don't want to be one.

Marginal Combined Federal Taxes on a Family of Four

I am graphing the marginal combined federal taxes on our single earner family of four with three different combinations of tax rates: Income only Income & Payroll (the employee part of social security and medicare) Income & Pay rollShow More Summary

Why Can't Cable News Blame Breitbart AND Trump?

I have no doubt that Mika Brezinski's outrage about wiretap-gate is genuine. This morning on Morning Joe, Mika asked her panel (and Joe is absent through all of this -- counting his payroll tax windfall, I'm guessing) “If the president was lying, don’t you think at some point he ought to say, ‘I apologize, I am just an idiot?'” “Were you lying, Mr. Show More Summary

IRS Payroll Taxes Can Close A Business, Mean Personal Liability, Even Jail

Payroll taxes are every bit as important as income taxes, if not more so. Businesses of all sizes fall into the trap of using IRS money for something else. They usually regret it.

Former Axium Payroll CEO Sentenced To 2 Years In Prison For Not Paying Taxes On Stolen Millions

John Visconti, the 74-year-old former CEO of Axium International, has been sentenced to two years in federal prison for defrauding the IRS by failing to report millions of dollars he embezzled from the company. U.S. District Court Judge...Show More Summary

Life changes that could affect your tax withholding

Most folks have their income taxes, both federal and state, withheld from their paychecks. While your employer (or, in many cases, the payroll company it hires) will take care of the amount that comes out each pay period, it's up to you to make sure it's correct. Show More Summary

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