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Yet, Washington is rarely focused on the burden of payroll taxes.
The Growing Burden of Payroll Taxes The New York Times Economix, November 28 , 2012
What is far less understood is that the burden of payroll taxes shows up in other ways – most specifically, the way they lower wages.
But these contributions are offset by reduced wages, which means that workers take on virtually the entire financial burden of payroll taxes.
Mr. Obama has said he wants to "eliminate income taxes for seniors making less than $50,000" a year, and he has proposed tax credits for millions of workers to help them offset the burden of payroll taxes like Social Security and Medicare.
In many cases, the government actually makes a direct payment to the family to help offset the burden of payroll taxation — up to $1,000 a child under the child credit and up to $5,900 total under the earned income credit.
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A Republican Party attentive to today's problems rather than yesterday's would work to lighten the burden of the payroll tax, not just the income tax.
While the proposed rules exempt companies from withholding income taxes on such transactions, the burden of collecting payroll taxes from current and former employees may force some employers to drop their stock option programs, said Mark Nebergall, the president of the Software Finance and Tax Executives Council.
Income inequality has increased; zoning rules have restricted developers' ability to build houses for the poor in the suburbs, even when they want to; public funds for lower-income housing have been cut back; and the working poor, who carry the burden of heavy payroll taxes, are simply unable to save enough money.
By doing that, the company also removed the burden of its bloated payroll from PetroChina.
(Some liberals worried about the drain of the two-point tax break on the Social Security trust funds, but that money should be made whole by transfers from general revenue; reducing the burden of the regressive payroll tax was a huge gain for progressivity).
More suggestions(17)
burden of wage
cost of payroll
burden of salaries
burden of destiny
burden of comprehensibility
burden of representation
burden of consciousness
burden of history
burden of taxation
burden of post-crisis
burden of blame
burden of legitimacy
burden of debt
burden of proof
burden of awareness
burden of government
burden of life
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