I've never supported a wage tax and I've never supported a payroll tax.
I'm all for lifting the payroll-tax cap, if only to make payroll taxes a little less regressive.
More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.
I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
Congress has changed the Social Security system over time, and over 20 times in the past Congress has raised taxes on Social Security in payroll taxes into the system.
Unlike most government programs, Social Security and, in part, Medicare are funded by payroll taxes dedicated specifically to them. Some of the tax revenue pays for current benefits; anything that's left over goes into trust funds for the future. The...
It has to have a payroll tax that's dedicated to Social Security. The Social Security tax has been very successful over the years in raising almost all of our elderly citizens out of poverty.
The reality is that the workforce relative to the number of people retired has shrunk and today in America there are only 3.3 working Americans paying payroll taxes to support each individual currently retired and collecting Social Security taxes.
For more than forty years, the United States Congress has shamelessly used payroll taxes intended for Social Security to fund big government spending.
The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.
I think that for the next short period of time, our No. 1 priority is Congress needs to do its work and extend the payroll tax cut.
Knox: Lieutenant, is there a six-foot bat in Gotham City? And if so, is he on the police payroll? And if so, what's he pulling down... after taxes?
I actually once sat at the back of a payroll class in America - just me and 40 women! And I'm sitting back there, learning payroll, because I want to understand it. So that when I talk to people about payroll I know what they're talking about. And I ...
The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half.
Make no mistake, if the payroll-tax cut is extended, it will become permanent. Social Security will become another welfare program as the tie between what someone pays and what they receive gets broken.
The curious thing is Americans don't mind individual mandates when they come in the form of payroll taxes to buy mandatory public insurance. In fact, that's the system we call Social Security and Medicare, and both are so popular politicians dare not...
It is all very well and it sounds very seductive to say we are going to have harmonisation of regulations, but for example the way that funds are distributed around the states these days, you are positively penalised if you actually want to have say ...
I would give relief from the first $10,000 of the payroll tax. I would allow small businesses to accelerate depreciation so they would have an incentive to buy now rather than defer. I would also give to the states $40 billion of relief.
My pat line about the Cubs and payroll is that the amount of merchandise the Cubs would sell off a world series championship would more than cover for a big payroll.
You know, in the beginning when your first payroll comes up and you have to borrow money to meet the payroll, you lose sleep the night before, and you say to yourself real fast, 'Well, maybe I should keep working a couple more years. It's sobering.
Milton Waddams: Mr. Lumbergh told me to talk to payroll and then payroll told me to talk to Mr. Lumbergh and I still haven't received my paycheck and he took my stapler and he never brought it back and then they moved my desk to storage room B and th...
