State leaders recently proposed a “payroll tax,” a tax paid on the wages and salaries of employees. This essentially is a new income tax specific to labor income, despite Illinois already ...

That’s what the payroll tax being considered in Springfield would do. State Sen. Ram Villivalam, D-Chicago, wants to adopt a state payroll tax to do something that sounds good — cover paid ...

The bill would also expand the business tax credit “for the portion of payroll taxes that an employer pays on certain tips to include payroll taxes paid on tips received in connection with ...

But thankfully, that's completely false. Social Security can't go broke because it gets the bulk of its revenue from payroll taxes. So, as long as people continue to hold down jobs and pay into ...

Hochul and lawmakers have obliged by hiking a tax charged to employers on most downstate payrolls, the Payroll Mobility Tax. Introduced in 2009 in response to that year’s MTA funding crisis ...

They’re full speed ahead – into New Yorkers’ wallets. Final details on a big business-bashing payroll tax to fund the MTA’s ambitious capital plan were revealed Thursday as lawmakers voted ...

Increased payroll taxes are one element of a bid in Kenya to keep the government running and pay off the country’s foreign creditors. The Toi Market in Nairobi.Credit...Brian Otieno for The New ...

Social Security's main source of funding is payroll taxes. The program is facing a revenue shortfall as baby boomers retire in droves. Lawmakers could raise Social Security taxes to prevent ...

It has called on the government to provide greater transparency about how the payroll tax – which is earmarked for mental health and reaping more than planned – is being spent, and to ...

Here's what it includes: Tax deduction for tips worth up to $25,000: This is limited to cash tips that workers report to employers for withholding purposes on payroll taxes. It is restricted to ...