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His Fiscal Commission, as I noted last year, suggested a big hike in the payroll tax burden.
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Further revenues would be generated by the increased economic growth resulting from the reform, from the increased savings and investment, and the effective reduction of the payroll tax burden.
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Notably, however, the Senate Democratic proposal did not seek to close loopholes related to private jets, the oil and gas industry, and the payroll tax burden of S corporation shareholders, as earlier proposed sequestration legislation had.
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In any rationally managed business the payroll is a burden, not a benefit.
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The payroll tax is a disproportionate burden on new companies because they're in a stage when these extra costs really matter.
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Continue the payroll tax cut, and you only increase the burden on our already strained trust fund balance.
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Other payroll taxes and indirect taxes mean that the overall tax burden in the new member states is still similar to that in the old.
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Once all phased in, in fact, it would reduce federal spending by 10% of GDP, which is the projected burden of future benefits now financed by the payroll tax.
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As the rate kicking in with the first dollar of earned income has shot up, payroll levies have become a much bigger part of the total tax burden.
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