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About: Payroll tax     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Tax113308999, within Data Space : dbpedia.org associated with source document(s)

Type: Thingyago:WikicatNationalAccountsyago:WikicatWithholdingTaxesyago:Abstraction100002137yago:Charge113400798yago:Communication100033020yago:Evidence106643408yago:History106514093yago:IncomeTax113310230yago:Indication106797169yago:Levy113308864yago:Liabilities113396054yago:Possession100032613yago:Record106647206yago:Relation100031921yago:WikicatIncomeTaxesyago:WithholdingTax113311368yago:Tax113308999 New Facet based on Instances of this Class

Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees. By law, some payroll taxes are the responsibility of the employee and others fall on the employer, but almost all economists agree that the true economic incidence of a payroll tax is unaffected by this distinction, and falls largely or entirely on workers in the form of lower wages. Because payroll taxes fall exclusively on wages and not on returns to financial or physical investments, payroll taxes may contribute to underinvestment in human capital such as higher education.