Research Report Payroll Tax, Federal
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From The Encyclopedia of Taxation and Tax Policy
Maureen Anne Griffin
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Payroll taxes are a group of taxes based on the earnings of employees and self-employed persons. As a revenue source, federal payroll tax revenues have grown substantially in the past 60 years. Federal payroll taxes, or social insurance contributions, consist of tax revenues from Social Security, Medicare hospital insurance, unemployment insurance, railroad retirement, and other retirements. This article explains each component of payroll taxes and their incidence in total.
Research Areas Aging and retirement Taxes and budgets
Tags Social Security Economic well-being Medicare and private health insurance Individual taxes Federal budget and economy
Policy Centers Income and Benefits Policy Center