Back in 2010, America's primary retirement vehicle, the Social Security Trust Fund, did something it had not done in three decades done: it went cash negative, meaning that the costs were greater than the payroll tax revenues as a result...Show More Summary
Tax fraud can bring big penalties, and the government is especially unforgiving when payroll taxes are at stake. The withheld money is trust money that belongs to the government, and they don't want you to forget it.
Allgreens, a medical-marijuana dispensary in Denver, has won its cash payment battle with the Internal Revenue Service. The IRS demands electronic payroll tax deposits. Allgreens, however, began making its federal employee withholding...Show More Summary
Paying employees in cash and cheating on payroll taxes has a price, and you can't pay it in poker chips.
NSW Small Business Minister John Barilaro’s push to create a special policy for entrepreneurs and abolish payroll tax could give start-ups in the state a major fillip.
Fake payroll tax emails carrying the malicious Cryptolocker virus are circulating in Australia.
February sure lived up to its status as the shortest month of the year. We got to the end of it, and the potential tax moves to make, so dang quickly. Today means we're almost halfway through with the 2015 tax filing season, which officially began on Jan. Show More Summary
Many taxes feature an exclusion or rebate for people at the bottom of the income scale. Payroll taxes are one of the very few that feature an exclusion for the wealthy, even the extremely wealthy. The more money you make the bigger your tax benefit. Show More Summary
For this week's tax map, we're continuing our series on pass-through businesses. For the first map of the series, check out our map from last week. Sole proprietorships, S corporations, limited liability companies (LLCs), and partnerships are also known as pass-through businesses. Show More Summary
The FairTax, a proposal to scrap federal income and payroll taxes in favor of a 23% sales tax, has a strong Georgia pedigree. Originally proposed by Congressman John Linder and popularized in an eponymous book by Neal Boortz, the plan was re-introduced as H.R. Show More Summary
A creationist proponent and “sovereign citizen” known as “Dr. Dino,” who was convicted on federal payroll tax fraud charges nearly a decade ago and is facing additional charges from prison, is campaigning to testify in Congress on IRS abuses. Supporters – including the flagrantly anti-LGBT Pastor...
I've explained that a new House rule will make it harder to reapportion payroll taxes between Social Security's retirement and Disability Insurance (DI) trust funds to avert a one-fifth cut in benefits to severely impaired DI recipients in late 2016. Show More Summary
It didn't take Republicans long to begin their assault on Social Security: Getting It Wrong on Disability Insurance, by Kathy Ruffing, CBPP: I’ve explained that a new House rule will make it harder to reapportion payroll taxes between Social Security’s...
If you’re an employer, here’s a new year’s resolution: “I will verify that my tax payments have been made on […]
The eye-catching and eye-watering 75% payroll tax rate in France was quietly killed off by the government yesterday, after failing to raise revenue. The tax was also accused of driving high earners away from France. The tax raised only €420 million ($505.8 million) in 2013 and 2014 combined, less than 0.5% of France's current budget deficit. Show More Summary
The Dodgers ended the Yankees’ 15-year streak as baseball’s biggest spenders and owe more than $26.6 million in luxury tax, according to calculations made by Major League Baseball and obtained by The Associated Press.
Citizens for Tax Justice: All Americans pay taxes. Everyone who works pays federal payroll taxes. Everyone who buys gasoline pays federal and state gas taxes. Everyone who owns or rents a home directly or indirectly pays property taxes. Show More Summary
No news on extenders yet. Double the pain: Idaho business manager steals payroll taxes, but IRS still wants them. An […]
The startup Zenefits provides software that helps companies handle benefits, payroll, and related taxes. It gives away its software for free, and gets a commission from benefits providers that customers pick through Zenefits software. Show More Summary
Zachary Goldfarb raises this possibility in a Wonkblog post today. Certainly there is evidence that many voters were unhappy about stagnating incomes, and the payroll tax increase associated with the end of the payroll tax holiday in...Show More Summary