One notable characteristic of this year’s presidential primaries is that many candidates have put together detailed tax plans—some of which are substantial departures from the status quo. However, no candidates would...
- Video: Scott Hodge Discusses Payroll Tax Cuts on PBS'...
Video: Scott Hodge Discusses Payroll Tax Cuts on PBS' Nightly Business Report
Key Findings Under current law, the Social Security Retirement Trust Fund is projected to run out by 2034, requiring benefits to be cut by more than 20 percent. The Social Security Trust Fund’s shortfall is driven partly by the formula...
Key Findings Average wage earners in the United States face two major taxes: the individual income tax and the payroll tax (levied on both the employee and the employer). Although a little more than half of a worker’s payroll tax burden...
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