The taxing authorities will eventually demand payment of payroll taxes.

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Beginning with 250 stores in the Dallas-Fort Worth area, this summer 7-Eleven will offer bill payment, payroll check cashing, money wiring and ticket purchasing for entertainment events and travel--all on the souped-up terminals.

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To the extent that lowering payroll taxes translates into a lowering of payment to Social Security, we ought to just fund it from other tax bases.

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If it's clear that there's not enough green to cover payroll, it may be time to delay payment of certain bills.

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Indeed, since the employer half of the payroll tax continued to be paid, while the payment of the benefits was shifted to the personal accounts, the Ryan-Sununu plan eventually resulted in very large Social Security surpluses, which allowed for major cuts in the remaining payroll tax.

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If McCourt were not to meet his player payroll for May, then MLB would have 48 hours to make the payment before the players union filed a default notice which would make all the unpaid players free agents in 10 days.

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That contribution would be financed by a payment each year from general revenues, with no reduction in the payroll tax revenues flowing into Social Security.

FORBES: Social Security Personal Accounts Are A Path To Prosperity

According to Rhode Island governor Lincoln Chafee, 38 Studios did make the payment this week but the company may not be able to make its payroll.

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This includes estimated tax payment deadlines of June 17 and September 16, as well as the July 31 payroll and excise tax deadlines.

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