payroll tax
noun
1
: a tax that is paid by a company and that is based on the amount of money that the company spends paying all of its employees
2
: money that is taken from a person's pay and given directly to the government as income tax
Examples of payroll tax in a Sentence
Recent Examples on the Web
Medicare’s go-broke date for its hospital insurance trust fund was pushed back five years to 2036 in the latest report, thanks in part to higher payroll tax income and lower-than-projected expenses from last year.
—
Fatima Hussein, Fortune, 7 May 2024
Social Security offers a good model for these programs: People would pay into a fund during their working years through a payroll tax.
—Marc Cohen, The Conversation, 30 Apr. 2024
This has given Hunt some extra headroom to cut national insurance, a form of payroll tax, while still meeting his budget targets ahead of a general election that must be called by next January.
—Ben Stupples, Fortune Europe, 6 Mar. 2024
Trump does not have the authority to end the payroll tax, and the former president also has a history of opposing student loan forgiveness.
—Hannah Hudnall, USA TODAY, 5 Jan. 2024
Larson’s proposal would extend the standard 12.4% payroll tax, which is levied this year on all wage income up to $168,600, to income over $400,000, leaving an income gap that would be narrowed over time.
—Michael Hiltzik, Los Angeles Times, 27 Mar. 2024
Social Security recipients will continue to receive payments because the program is funded by a payroll tax, not annual appropriations.
—Jacob Bogage, Washington Post, 19 Mar. 2024
The agency would like to see the funding measure raise $1 billion to $2 billion annually through methods that could include a sales tax, an income tax, a payroll tax, a parcel tax, a vehicle registration surcharge or a regional vehicle-miles traveled charge.
—Ethan Baron, The Mercury News, 10 Mar. 2024
Thomas allegedly provided his co-conspirators with instructions about how to file payroll tax returns, respond to IRS correspondence, deposit tax refund checks, and more.
—Kelly Phillips Erb, Forbes, 27 Feb. 2024
Fatima Hussein, Fortune, 7 May 2024
Social Security offers a good model for these programs: People would pay into a fund during their working years through a payroll tax.
—Marc Cohen, The Conversation, 30 Apr. 2024
This has given Hunt some extra headroom to cut national insurance, a form of payroll tax, while still meeting his budget targets ahead of a general election that must be called by next January.
—Ben Stupples, Fortune Europe, 6 Mar. 2024
Trump does not have the authority to end the payroll tax, and the former president also has a history of opposing student loan forgiveness.
—Hannah Hudnall, USA TODAY, 5 Jan. 2024
Larson’s proposal would extend the standard 12.4% payroll tax, which is levied this year on all wage income up to $168,600, to income over $400,000, leaving an income gap that would be narrowed over time.
—Michael Hiltzik, Los Angeles Times, 27 Mar. 2024
Social Security recipients will continue to receive payments because the program is funded by a payroll tax, not annual appropriations.
—Jacob Bogage, Washington Post, 19 Mar. 2024
The agency would like to see the funding measure raise $1 billion to $2 billion annually through methods that could include a sales tax, an income tax, a payroll tax, a parcel tax, a vehicle registration surcharge or a regional vehicle-miles traveled charge.
—Ethan Baron, The Mercury News, 10 Mar. 2024
Thomas allegedly provided his co-conspirators with instructions about how to file payroll tax returns, respond to IRS correspondence, deposit tax refund checks, and more.
—Kelly Phillips Erb, Forbes, 27 Feb. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'payroll tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near payroll tax
Cite this Entry
“Payroll tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payroll%20tax. Accessed 17 May. 2024.
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