“I think that for the next short period of time, our No. 1 priority is Congress needs to do its work and extend the payroll tax cut.” ThinkingNeedsNextCuttingPeriodsTaxesCongressPrioritiesTax CutsPayrollPayroll Tax Author:Jacob Lew
“We were giving advice for the single-worst idea to come forward from a group that's been rife with them, it would be this: The idea is this: Let's make the tax code of America better for very rich people; let's give substantial tax relief to the richest people we can find. Forget about the person making $40,000 a year and paying Social Security payroll tax. Forget about all those other people paying income tax; we're here to give tax relief to the richest 2% of America.” PeopleGivingYearsPersonsIdeasWould BeAmericaSocialForgetRichGroupsWorstAdviceSecurityTaxesIncomeCodeReliefSocial SecurityRich PeopleIncome TaxGiving AdvicePayrollPayroll Tax Author:Barney Frank
“Republicans want to punish work and reward wealth; hence the high payroll tax and the low dividend tax. Said one Bush economic adviser, if we can't help wealthy investors and screw working people, what's the point in being a Republican?” PeopleIfsWantSaidHelpingWealthEconomicRepublicanTaxesLowsRewardsWealthyInvestorsScrewsAdviserDividendsPayrollPayroll Tax Author:Paul Begala
“I think it's time we had a President who will provide the only real economic security: good jobs. A President who will provide middle class payroll tax relief to get money in the pockets of workers who will spend it, not more tax giveaways for those at the top to stimulate the economy in the Cayman Islands and Bermuda. A President who will index the minimum wage to inflation and raise it from a 30 year low, not increase the tax burden on the middle class and those struggling to join it.” ThinkingYearsRealJobsPresidentClassStruggleEconomyEconomicMiddleSecurityTaxesLowsIncreaseRaisesWorkersBurdenIslandsReliefMiddle ClassPocketsMinimumGood JobInflationMinimum WageGet MoneyPayrollEconomic SecurityPayroll TaxTax BurdenBermudaCayman Islands Author:John F. Kerry
“The challenge for any government is how do you do two things at the same time. How do you put money forward for things like the payroll tax holiday, for things like getting a jump-start on infrastructure, for building schools, and make the decisions for long-term deficit reduction.” LongTwoGovernmentSchoolTermChallengesDecisionBuildingTaxesLong TermTwo ThingsHolidayInfrastructureDeficitReductionPayrollPayroll Tax Author:Jacob Lew
“More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.” SocialSecurityTaxesBenefitsPercentProgramIncreaseWorkersTrendsFewerSocial SecurityExpectancyPayrollLife ExpectancyPayroll TaxLonger Life Author:Alex Tabarrok
“I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.” PeopleIfsThinkingShouldLooksCountryTermSituationCrazyTaxesOfficePaidRateAverageSecretaryLowestAccountingPayrollForbesPayroll Tax Author:Howard Warren Buffett
“I love to tell how I'm suffering because one percent we're paying 25 percent of the total. We're not paying 25 percent of the total taxes on individuals. We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends. They take from the woman who comes in and takes the wastebaskets out.” GovernmentSufferingIndividualTaxesPercentGainsThirdsIncomeFederal GovernmentIncome TaxDividendsPayrollReceiptsCapital GainsPayroll Tax Author:Howard Warren Buffett
“"Thanks," many small businesspeople are saying, "but no thanks. Forget the government credits and loan programs, and just get rid of all the bureaucratic red tape and high taxes which make it hard to build businesses, hire employees and meet our payroll."” HardGovernmentForgetTaxesRedProgramCreditThanksEmployeeTapeSmall BusinessLoanPayrollRed TapeHigh Taxes Author:Oliver DeMille
“Social Security is a widely popular program because the individual has been deceived by the Statist to believe that the government has been prudently and diligently managing his accumulated pension investment in his Social Security account, which he presumes to be funded by his own payroll taxes.” BelieveHas BeensGovernmentIndividualSocialSecurityTaxesProgramAccountsInvestmentSocial SecurityDeceivedPensionPayrollPayroll Tax Book:Liberty and Tyranny: A Conservative Manifesto Source: Liberty and Tyranny: A Conservative Manifesto
“Did folks know that the tax to fund the program [Social Security] only hits salaries up to $110,000? That means that if you make a million bucks, about 90% of your salary is tax free when it comes to the payroll tax that funds Soc Sec. That ain't right.” IfsKnowsMeanSocialMillionsSecurityTaxesProgramFolksFundSocial SecuritySalaryBucksPayrollPayroll TaxSocs Author:Jared Bernstein
“If we do nothing, we are handing our children a ticking time bomb that will require they pay ever greater payroll taxes just as they are beginning their careers, starting their own families and staking their claim to the American Dream.” IfsChildrenDreamPayCareersGreaterTaxesClaimsOur ChildrenStartingBombsAmerican DreamPayrollTime BombPayroll TaxTicking TimeTicking Time Bombs Author:John McCain
“I believe the United States should join the rest of the world through paid family and medical leave. It would cost us a $1.61 a week in an increase in payroll tax.I think that`s a great investment.” ThinkingWorldShouldBelieveStatesI BelieveUnitedUnited StatesWeekCostTaxesIncreasePaidInvestmentMedicalPayrollPayroll Tax Author:Lawrence O'Donnell
“I am not a great fan of the payroll tax holiday because I'm nervous about what it does to the future of Social Security.” DoeSocialFansSecurityTaxesNervousHolidaySocial SecurityPayrollGreat FansPayroll Tax Author:Bernie Sanders
“The marginal tax rate for high income earners is going up. Small businesses are no longer enjoying some of the exemption from payroll tax. Now there will be carbon taxes.” EnjoyTaxesRateIncomeCarbonSmall BusinessPayrollExemptionPayroll TaxCarbon Tax Author:Chris Alexander
“If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.” IfsLooksTaxesOfficeRateSecretaryAccountingPayrollForbesPayroll Tax Author:Warren Buffett
“The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.” PayTaxesOfficePercentGainsLots Of MoneyPayrollCapital GainsPayroll TaxCapital Gains Tax Author:Warren Buffett
“The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.” MeanTaxesPayrollPayroll Tax Author:Warren Buffett
“We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.” GovernmentTaxesPercentGainsThirdsIncomeFederal GovernmentIncome TaxDividendsPayrollReceiptsCapital GainsPayroll Tax Author:Warren Buffett
“The left does understand how raising taxes reduces economic activity. How about their desire for increasing cigarette taxes, soda taxes? What are they trying to do? Get you to buy less. They know. They know that higher taxes reduce activity. It's real simple: If you want more of an activity, lower taxes on it. If you want less of an activity, raise taxes. So if you want more jobs? It's very simple. You lower payroll taxes. If you don't want as many jobs, then you raise corporate taxes. It's that simple, folks.” TryingRealDesireSimpleEconomicTaxesCigarettePayroll Author:Rush Limbaugh
“I think that Democrats have to think through answers we haven't in the past: How we are going to create those jobs? How should we restructure the entire tax code? Should we have things like a payroll tax, when jobs are so scarce? They weren't - basically the architecture of our employment law, tax law, all these things were from the 1930s - and I do think that one benefit of Donald Trump, which is not worth it, but one perverse thing is, he has widened the scope of things that we should discuss.” ThinkingPastTaxesDemocratArchitectureCodeWorth It1930sPayroll Author:Neera Tanden
“Canadians expect their government to make sure we're helping the people who need the help and growing the economy, and that's exactly what we're committed to do, not just with our historic investments into infrastructure that are going to create jobs while the others are focusing on cuts, but by lowering payroll taxes, by lowering EI premiums from $1.88 to $1.65, at the same time as we make sure that the people who need help are getting the help that they paid into, because they're not getting it under Stephen Harper. That's what Canadians expect from their government.” PeopleHelpingEconomyCuttingTaxesInvestmentCommittedHistoricNeed HelpPayroll Author:Justin Trudeau
“I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” YearsI CanFormFamilyPlansTaxesGainsIncreaseIncomeFirmPledgeIncome TaxPayrollTax IncreasesCapital GainsPayroll TaxCapital Gains Tax Author:Barack Obama
“For more than forty years, the United States Congress has shamelessly used payroll taxes intended for Social Security to fund big government spending.” YearsStatesBigsGovernmentUsedSocialUnitedUnited StatesSecurityTaxesCongressSpendingFortyFundPregnancySocial SecurityBig GovernmentGovernment SpendingPayrollPayroll Tax Author:Mike Pence