payroll tax
noun
1
: a tax that is paid by a company and that is based on the amount of money that the company spends paying all of its employees
2
: money that is taken from a person's pay and given directly to the government as income tax
Examples of payroll tax in a Sentence
Recent Examples on the Web
In 1983, the Social Security payroll tax was imposed on 90 percent of the country’s wage income.
—
Jeff Sommer, New York Times, 31 May 2024
LendingTree would have received up to $8.3 million in future payroll tax benefits if hiring and investment commitments were met.
—Chase Jordan, Charlotte Observer, 30 May 2024
Thirty-year tax The current version of the bill would allow MTC to place on the ballot a sales tax, payroll tax, property tax or vehicle registration surcharge lasting up to 30 years.
—Daniel Borenstein, The Mercury News, 25 May 2024
Moreover, the recent removal of the wage cap on unemployment insurance payment subjects all wage income to the payroll tax, which means the state’s top marginal individual income tax rate on wage income (not all income) is now 14.4 percent.
—Robert Gutierrez, Orange County Register, 25 May 2024
Cutting another 2 percentage points off the main rate of national insurance — a payroll tax, and Hunt’s preferred next step — would cost about £9 billion.
—Joe Mayes, Fortune Europe, 20 May 2024
Social Security is financed through a dedicated payroll tax.
—Letters To The Editor, The Mercury News, 14 May 2024
Meanwhile, Medicare's go-broke date for its hospital insurance trust fund was pushed back five years to 2036 in the latest report, thanks in part to higher payroll tax income and lower-than-projected expenses.
—Aimee Picchi, CBS News, 6 May 2024
Medicare’s go-broke date for its hospital insurance trust fund was pushed back five years to 2036 in the latest report, thanks in part to higher payroll tax income and lower-than-projected expenses from last year.
—Fatima Hussein, Fortune, 7 May 2024
Jeff Sommer, New York Times, 31 May 2024
LendingTree would have received up to $8.3 million in future payroll tax benefits if hiring and investment commitments were met.
—Chase Jordan, Charlotte Observer, 30 May 2024
Thirty-year tax The current version of the bill would allow MTC to place on the ballot a sales tax, payroll tax, property tax or vehicle registration surcharge lasting up to 30 years.
—Daniel Borenstein, The Mercury News, 25 May 2024
Moreover, the recent removal of the wage cap on unemployment insurance payment subjects all wage income to the payroll tax, which means the state’s top marginal individual income tax rate on wage income (not all income) is now 14.4 percent.
—Robert Gutierrez, Orange County Register, 25 May 2024
Cutting another 2 percentage points off the main rate of national insurance — a payroll tax, and Hunt’s preferred next step — would cost about £9 billion.
—Joe Mayes, Fortune Europe, 20 May 2024
Social Security is financed through a dedicated payroll tax.
—Letters To The Editor, The Mercury News, 14 May 2024
Meanwhile, Medicare's go-broke date for its hospital insurance trust fund was pushed back five years to 2036 in the latest report, thanks in part to higher payroll tax income and lower-than-projected expenses.
—Aimee Picchi, CBS News, 6 May 2024
Medicare’s go-broke date for its hospital insurance trust fund was pushed back five years to 2036 in the latest report, thanks in part to higher payroll tax income and lower-than-projected expenses from last year.
—Fatima Hussein, Fortune, 7 May 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'payroll tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near payroll tax
Cite this Entry
“Payroll tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payroll%20tax. Accessed 10 Jun. 2024.
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