7 Pages Posted: 1 Apr 2012
Date Written: March 30, 2012
The author discusses the elimination of the payroll tax as a priority over the estate tax, capital gains tax or even the income tax. The payroll tax hits working families harder then any other tax. Before the temporary relief, 15.3% of worker's income is removed even if the worker earns $7,000 a year or less.
Keywords: payroll tax, tax, tax policy, medicare tax, social security tax
JEL Classification: H20, H21
Suggested Citation: Suggested Citation
Paleveda, Nicholas A., Solution to the Economic Crisis II - Elimination of the Payroll Tax (March 30, 2012). Available at SSRN: https://ssrn.com/abstract=2031737 or http://dx.doi.org/10.2139/ssrn.2031737