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What (who) is after-tax contributions - definition
PAYROLL TAX TO FUND SOCIAL SECURITY IN THE USA
FICA; FICA tax; Social Security Tax; Payroll tax in the United States; Federal Insurance Contributions Act tax; Federal insurance contributions act tax; Social Security tax; FICA taxes; Social Security payroll tax; Self Employment Contributions Act; Self-Employment Contributions Act
![effective payroll tax rate]] based on private simulations for different income groups. Effective tax rate equals the payroll taxes paid divided by total income. Total income includes traditional measures of income, imputed undistributed corporate profits, nontaxable employee benefits, income of retirees, and nontaxable income. Payroll taxes include employee and employer FICA.<ref>[http://www.taxpolicycenter.org/numbers/displayatab.cfm?DocID=2980 Table T11-0099, Effective Federal Tax Rates Under Current Law, By Total Income Percentile, 2010, Tax Policy Center.]</ref>](https://commons.wikimedia.org/wiki/Special:FilePath/Effective Payroll Tax rate for Different Income Percentiles (2010).gif?width=200 "effective payroll tax rate]] based on private simulations for different income groups. Effective tax rate equals the payroll taxes paid divided by total income. Total income includes traditional measures of income, imputed undistributed corporate profits, nontaxable employee benefits, income of retirees, and nontaxable income. Payroll taxes include employee and employer FICA.<ref>[http://www.taxpolicycenter.org/numbers/displayatab.cfm?DocID=2980 Table T11-0099, Effective Federal Tax Rates Under Current Law, By Total Income Percentile, 2010, Tax Policy Center.]</ref>")
![Share of federal revenue from different tax sources. Individual income taxes (blue), payroll taxes/FICA (green), corporate income taxes (red).<ref>[http://www.jct.gov/publications.html?func=startdown&id=4363 JCX-49-11, Joint Committee on Taxation, September 22, 2011, pp 4, 50.]</ref>](https://commons.wikimedia.org/wiki/Special:FilePath/Share of Federal Revenue from Different Tax Sources (Individual, Payroll, and Corporate) 1950 - 2010.gif?width=200 "Share of federal revenue from different tax sources. Individual income taxes (blue), payroll taxes/FICA (green), corporate income taxes (red).<ref>[http://www.jct.gov/publications.html?func=startdown&id=4363 JCX-49-11, Joint Committee on Taxation, September 22, 2011, pp 4, 50.]</ref>")
Federal Insurance Contributions Act
The Federal Insurance Contributions Act (FICA ) is a United States federal payroll (or employment) contribution directed towards both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.
Federal Insurance Contributions Act tax
The Federal Insurance Contributions Act (FICA ) is a United States federal payroll (or employment) contribution directed towards both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.
Hotel tax
TYPE OF TAX
Bed tax; Transient occupancy tax; Lodging tax; Visitors' tax
A hotel tax or lodging tax is charged in most of the United States, to travelers when they rent accommodations (a room, rooms, entire home, or other living space) in a hotel, inn, tourist home or house, motel, or other lodging, generally unless the stay is for a period of 30 days or more. In addition to sales tax, it is collected when payment is made for the accommodation, and it is then remitted by the lodging operator to the city or county.
Wikipedia
Federal Insurance Contributions Act
The Federal Insurance Contributions Act (FICA ) is a United States federal payroll (or employment) contribution directed towards both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.
