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Trend Results : Payroll Tax

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Lew Supports Funding Change for Disability Program

Treasury Secretary Jacob Lew said Monday Congress should reallocate payroll tax revenue to divert more money to support the Social Security Disability Insurance fund. Here's what was behind Mr. Lew's statement.

Don't Expand Government, Cut the Payroll Tax Instead

The Earned Income Tax Credit is one of the federal government's most successful anti-poverty programs. As House Budget Committee Chairman...

Facebook: Reiterating Buy And Targeting $92

By Markos Kaminis (Wall St. Greek): Facebook (NYSE: FB) blew out expectations in the second quarter, reporting non-GAAP EPS of $0.42 before share-based compensation and related payroll tax expense and income tax adjustment. The result compared against the analysts' consensus expectation for $0.32 a share. Show More Summary

'Chek' with business first

The TransitChek program enables employees to pay train and bus fares with pretax earnings, potentially saving them hundreds of dollars annually on payroll and income taxes. Employers can save on... To view the full story, click the title link.

Michigan Vs. CIA: Spy Agency’s Embarrassing Tax Problem

Looks as if that little kerfluffle in Germany isn’t the only embarrassment facing America’s top spy agency. Seems the agent has plenty of covert operators but a lousy payroll department: Now read this:Michigan Woman Accidentally Second Amendments Herself In The Face While Trying ‘To Make A Point’ (Jul 15, 2014) 12-Year-Old Shot In The Face [...]

Brooklyn Nets Pay Record $91M Luxury Tax

The Brooklyn Nets will pay an NBA-record $90.57 million in luxury-tax penalties to the rest of the NBA teams for their gargantuan 2013-2014 payroll. Team owner Mikhail Prokhorov boasts a net worth exceeding $10 billion. Based in large...Show More Summary

Social Security Taxes: This Simple Chart Shows How Much They've Soared

Payroll taxes to fund Social Security have jumped dramatically since the program began. Find out how much.

A Payroll Tax Math Error Adds $5 Billion To The Deficit

Nothing gets lawmakers and pundits more outraged than government’s proverbial waste, fraud, and abuse. Nearly always, these stories involve spending. But taxes are hardly immune. One case of pure waste involves a simple math mistake that will cost the Treasury $5 billion in lost revenue over the next decade. Show More Summary

Payroll tax changes hit Canberra families and businesses

last monthAustralia / Canberra : RiotACT

Even with the government’s announcement on the 24th of June that it will extend the commencement date of the Payroll Tax Amendment Bill to the 1st of October 2014, there is still widespread confusion in the ACT market. Shadow Treasurer Brendan Smyth has called on the government to give greater certainty to affected businesses and [...]

The Average U.S. Worker Pays over $16,000 in Income and Payroll Taxes

The average U.S. worker faces a tax burden of 31.3 percent. This includes both income taxes and payrolls taxes. Between these two types of taxes, the average U.S. workers pays over $16,000 in taxes on their labor. The tax burden is a...Show More Summary

U.S. Taxes Have Changed A Lot Since 1929

U.S. taxes today bear little resemblance to the taxes collected before World War II. Income and payroll taxes have replaced tariffs and excise taxes at the federal level while property taxes have become less important for state and local governments. Show More Summary

20,000 Kansans still waiting for their state tax refunds

Every year I nag preach remind folks about adjusting payroll withholding so that the tax man gets only as much as he should. That advice applies not only to the Internal Revenue Service, but state tax collectors, too. Just ask around 20,000 Kansas taxpayers who won't get their state refund checks for another couple of weeks. Show More Summary

Government payroll backflip

last monthAustralia / Canberra : RiotACT

During questions from the opposition during yesterday’s estimates hearing, ACT Treasurer Andrew Barr revealed the government is reconsidering its proposed payroll tax amendments to remove the genuine employer exemption, due to their affect on ACT small businesses and contractors. Show More Summary

Most contractors employed via a recruitment agency to face around 7% pay cut from 1 July

2 months agoAustralia / Canberra : RiotACT

The ACT government proposes to implement a retrospective change to the payroll tax system which will apply from July 1 (although it is not expected to be passed until later in the year). This is the details of the change, as best I understand it. The change will affect most contractors who are employed via a recruitment [...]

John Visconti, former head of Hollywood payroll company, arrested in tax fraud

The former chief executive of a Hollywood payroll services company that imploded in 2008, costing hundreds of employees their jobs and sticking thousands of entertainment industry workers with worthless paychecks, has been indicted on federal tax charges.

Aging Stars, Huge Payroll Mere Symptoms of Nets' Real Issue—Deron Williams

The number always overshadowed the names—$190 million worth of grand expectations, a lavish investment in instant gratification. That was the price the Brooklyn Nets would pay, in salaries and luxury taxes, after acquiring Paul Pierce...Show More Summary

Taxing Employer-Sponsored Insurance Would Hike Social Security Benefits But Boost Federal Coffers

The tax subsidy for employer-sponsored health insurance is huge. Not only are the premiums exempt from income tax, they are also immune from Social Security payroll tax. The two subsidies combined will add more than $1.6 trillion to the deficit over the next five years alone. But because that income is not included in the […]

Frontrunning: May 5

Fed’s Fisher Says Economy Strengthening as Payrolls Rise (BBG) Russia Knows Europe Sanctions Ineffective With Tax Havens (BBG) EU Cuts Euro-Area Growth Outlook as Inflation Seen Slower (BBG) U.S. Firms With Irish Addresses Get Tax Breaks...Show More Summary

60 Percent of Small Business Owners Report Revenue Increase

For the majority of small businesses, increased revenue is outpacing increases in taxes. That’s the consensus from a new survey by online payroll provider SurePayroll. SurePayroll recently unveiled its April 2014 Small Business Scorecard covering the previous tax year. Show More Summary

Hackers Stole Doctors’ Tax Refunds By Breaking In To Payroll Software

Last week, we shared the scary news that a ring of tax refund fraudsters appeared to have filed tax returns on behalf of hundreds of doctors and other health care professionals, harvesting their refunds. Early theories were that hackers had used the recent release of federal data about Medicare providers, or obtained a list of doctors. The truth was … [More]

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