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What (who) is payroll tax - definition
Payroll tax
![Payroll taxes]] were among the most regressive in 2010.](https://commons.wikimedia.org/wiki/Special:FilePath/Effective Payroll Tax rate for Different Income Percentiles (2010).gif?width=200 "Payroll taxes]] were among the most regressive in 2010.")
TYPE OF TAX
Payroll taxes; Payroll taxes in the United States; Payroll Tax; Salary tax; Employment tax
Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees. By law, some payroll taxes are the responsibility of the employee and others fall on the employer, but almost all economists agree that the true economic incidence of a payroll tax is unaffected by this distinction, and falls largely or entirely on workers in the form of lower wages.
Income tax in Australia
OVERVIEW ABOUT THE INCOME TAX IN AUSTRALIA
Income tax (Australia); Australian income tax; Payroll tax in Queensland
Income tax in Australia is imposed by the federal government on the taxable income of individuals and corporations. State governments have not imposed income taxes since World War II.
Federal Insurance Contributions Act
![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>")
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
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.
Examples of use of payroll tax
1. Politicians generally are ignorant about the payroll tax.
2. Now, payroll tax is applied to income up to $102,000.
3. Obama: Would raise payroll tax on wealthiest by applying it to portion of income over $250,000.
4. The payroll tax, which is both anti–work and anti–poor?
5. Even Republican advocates of cutting the payroll tax talk about offsetting it with reduced future benefits.