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Solution to the Economic Crisis II - Elimination of the Payroll Tax

7 Pages Posted: 1 Apr 2012  

Nicholas A. Paleveda

Northeastern University

Date Written: March 30, 2012

Abstract

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

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

Nicholas A. Paleveda (Contact Author)

Northeastern University ( email )

Boston, MA 02115
United States

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