In a recent Pew poll, 72 percent of Americans said that they were bothered by how complex the federal tax system is. These taxpayers are justified in their complaints: as of 2015, federal tax laws and regulations have...
- 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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