payroll tax

American  

noun

1. a tax levied against the amount of wages and salaries paid workers.

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Etymology

Origin of payroll tax

First recorded in 1980–85

Example Sentences

Contributions above that level now will be subject to the payroll tax of 15% split between employer and employee.

From The Wall Street Journal

Even if the wealthy got their income from earnings, they can escape most of the payroll taxes because the Social Security payroll tax applies only to the first $176,100.

From MarketWatch

We can’t start to eliminate the deficit by raising the regressive payroll tax on the back of already overtaxed wage earners.

From MarketWatch

Along with raising the income cap on workers who pay into the system or increasing the payroll tax, possible reform includes upping the full retirement age, which is when claimants are eligible for 100% of the benefit they’re owed.

From MarketWatch

There are many suggestions floating around Washington on how to fix the program’s funding issues, including raising the payroll tax, eliminating the income cap on high earners or adjusting the types of benefits offered.

From MarketWatch