Tag: payroll tax

a bundle of dollars tied with a pink ribbon

But subjecting inheritances to the payroll tax in addition could be even better In a great new book, BC Law professor Ray Madoff describes how the federal tax code has created two separate societies – working Americans who earn wages and pay taxes to support government programs and the ultrawealthy who have removed themselves from…

Large group of people standing in the shape of a pyramid

I would argue for moderation. I usually have a strong opinion on issues in my sphere, but have been going back and forth about one component likely to be in any package to fix Social Security – namely, increasing the taxable wage base.  Some increase in the wage base is almost inevitable because growing wag…