It's been reported that 80% of employer payroll increases have gone to pay healthcare costs over last 20+ years so employer costs have increased with little going in the pockets of workers (not to mention no meaningful improvement in overall health outcomes). Over the last 50 years, the cost of consumer goods [...]
May 20--Lane Transit District staff is proposing raising the payroll tax that local employers pay to fund LTD operations, one year after the agency backed off a similar proposal amid some fierce pushback from businesses. The tax increase...Show More Summary
Hillary Clinton says illegal immigrants pay more in taxes than major corporations. But does she mean income tax, sales tax, property tax or payroll? Her gerrymandered comparison got 4 Pinnocchios from the Washington Post.
Human Resource professionals work daily with things like payroll and benefits inside their own organizations. But what about the companies that provide these services to many organizations? What can we learn from the professionals who...Show More Summary
Socialist Seattle councilor “allegedly structured her employees …to avoid payroll taxes, overtime, and insurance.” [Jason Rantz, MyNorthwest] Tags: do as we say, Seattle Do As We Say chronicles is a post from Overlawyered - Chronicling the high cost of our legal system
So you’ve expanded your small business, you’ve hired a few people and are generating an inkling of revenue. You need to put a payroll system in place, whether you have one employee or 50. Amazingly, the U.S. Census Bureau reports that about three-quarters of all U.S. business firms have no payroll. And most of these...
Buswell says govt will lift threshold to $850,000.
Philip Locker, left, and four other political consultants have been working as independent contractors for council member Kshama Sawant's reelection campaign, meaning the campaign isn't required to pay payroll taxes for their work. Anna...Show More Summary
It’s tax day today. The federal government collected over $3 trillion in taxes in 2014, according to the Office of Management and Budget, with $1.4 trillion coming from individual income taxes and another $1 trillion from payroll taxes. For...Show More Summary
No Virginia. The One Percent don’t dodge federal taxes. In 2013, they paid 35.7 percent of their income in federal taxes. Low-income households don’t dodge, either. While many paid no income tax, nearly all paid payroll tax. You can...Show More Summary
The current New York State minimum wage is $8.75/hour. Imagine trying to live on that. It comes out to about $1,400 a month, before any payroll taxes or deductions. Rent in a poor neighborhood in the Bronx is about $1,000/month. A Metrocard costs $116.50. That doesn't leave a whole lot left over for anything else—say food, or clothes for your kids. [ more › ]
Readers asked how the U.S. tax burden is shared among different income groups when payroll taxes as well as income tax are considered. Here's the answer.
You already have to worry about identity theft and tax refund fraud. Now you must worry about payroll tax fraud too.
It can happen to the best of us. Former Treasury Secretary Timothy Geithner failed to pay nearly $35,000 in Social Security and Medicare payroll taxes from 2001 through 2004. Five-time Grammy winner Lauryn Hill served prison time for owing roughly $2.3 million in taxes. ...
Temporary employment agencies have become a more prevalent part of the American work experience since the 2007 financial crisis and the difficult economic times that followed. While on one hand, temporary employment agencies can provide workers with an entry point into a new industry, on the other hand they require payment for their placement services […]
Taxes, payroll, policies…oh my! If the thought of hiring your first few employees leaves your head spinning, the business attorneys of Michael L. Feinstein, P.A. can help put you at ease. With our business formation and consultation services, we can guide you through the process safely and confidently, thereby freeing up your time for more...
While policymakers obsess about the income tax, they often lose sight of an important detail: For two-thirds of households, the levy that matters most is the payroll tax. According to a new report by the Joint Committee on Taxation, the 80 million tax filers making $40,000 or less will collectively pay no federal income tax and many […]
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.