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
Workers have been paying the full 6.2 percent Social Security payroll tax for almost two years now. You remember this so-called tax holiday in place in 2011 and 2012. During those years, the deduction from your pay that goes toward the federal retirement program was reduced by 2 percentage points to 4.2 percent. Show More Summary
Richard Winchester (Thomas Jefferson), Obama's Gift to the Rich: A Permanent Payroll Tax Holiday, 48 Val. U. L. Rev. 83 (2013): President Obama made a concerted effort to enact tax legislation that benefited middle and lower income individuals over the rich. The temporary payroll tax cut in effect during 2011...
The U.S. economy grew at a 4.6% annual rate in the second quarter, according to the latest report from the Commerce Department. But leaves are turning brown now and this morning's report describes what happened from April to June. How has the overall economy performed since then? Here's some evidence the strength has continued.
As Guy Benson reported earlier today, a new poll of likely voters conducted for Townhall by Gravis Marketing found that Rep. Bill Cassidy (R-LA)...
Payroll Taxes are Especially Sensitive Since Employers Are Withholding From Wages. Failing to Send it to the IRS Can Land You in Jail, Especially if You Do it Repeatedly.
The group, which has close ties to the Obama administration, estimated $21.2 billion in additional payroll taxes would be collected over five years under one scenario available to Obama, who has made immigration reform a priority of his second term. Show More Summary
Payroll Taxes are Pursued Aggressively by the IRS, with Personal Liability For Owners, Officers, and Check Signers. And Some Violations Mean Jail.
On Thursday evening the ACT Legislative Assembly passed the ACT Payroll Tax Reform Bill. This Bill prevents “genuine employers” from being exempt from payroll tax if they pick up contract work through a recruitment agency. Unfortunately, yet again, the ACT Government has done a poor job in formulating policy. This new policy has the following effect [...]