Solution to the Economic Crisis II - Elimination of the Payroll Tax
Nicholas A. Paleveda
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.
Number of Pages in PDF File: 7
Keywords: payroll tax, tax, tax policy, medicare tax, social security tax
JEL Classification: H20, H21
Date posted: April 1, 2012