Payroll Tax Quotes & Sayings

While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues ... In other words, they don't have the financial literacy to scale their businesses and attract investors. — Daymond John

It has to have a payroll tax that's dedicated to Social Security. The Social Security tax has been very successful over the years in raising almost all of our elderly citizens out of poverty. — James Roosevelt

It is all very well and it sounds very seductive to say we are going to have harmonisation of regulations, but for example the way that funds are distributed around the states these days, you are positively penalised if you actually want to have say a lower payroll tax or sort of conditions. — Campbell Newman

The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession. — Mark Zandi

Unlike most government programs, Social Security and, in part, Medicare are funded by payroll taxes dedicated specifically to them. Some of the tax revenue pays for current benefits; anything that's left over goes into trust funds for the future. The programs were designed this way for political reasons. — James Surowiecki

I'm all for lifting the payroll-tax cap, if only to make payroll taxes a little less regressive. — Timothy Noah

I am not a great fan of the payroll tax holiday because I'm nervous about what it does to the future of Social Security. — Bernie Sanders

More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent. — Alex Tabarrok

We were giving advice for the single-worst idea to come forward from a group that's been rife with them, it would be this: The idea is this: Let's make the tax code of America better for very rich people; let's give substantial tax relief to the richest people we can find. Forget about the person making $40,000 a year and paying Social Security payroll tax. Forget about all those other people paying income tax; we're here to give tax relief to the richest 2% of America. — Barney Frank

Did folks know that the tax to fund the program [Social Security] only hits salaries up to $110,000? That means that if you make a million bucks, about 90% of your salary is tax free when it comes to the payroll tax that funds Soc Sec. That ain't right. — Jared Bernstein

In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011. — Arthur Laffer

I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes. — Barack Obama

I think that for the next short period of time, our No. 1 priority is Congress needs to do its work and extend the payroll tax cut. — Jacob Lew

I love to tell how I'm suffering because one percent we're paying 25 percent of the total. We're not paying 25 percent of the total taxes on individuals. We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends. They take from the woman who comes in and takes the wastebaskets out. — Howard Warren Buffett

The payroll tax increase was destructive financially, it took what was a close call and made it a bad call, — Mike McGavick

I would give relief from the first $10,000 of the payroll tax. I would allow small businesses to accelerate depreciation so they would have an incentive to buy now rather than defer. I would also give to the states $40 billion of relief. — Bob Graham

The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half. — Mark Zandi

Social security was the most emotional issue that session. Republicans protested that if the administration bill were passed, children would no longer support their parents, the payroll tax would discourage workmen so much that they would quit their jobs, and that, taken all in all, the measure would remove the romance of life. — William Manchester

I've never supported a wage tax and I've never supported a payroll tax. — David Dewhurst

The payroll tax is affecting sales. It's causing sales declines. — Fred DeLuca

I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less. — Howard Warren Buffett

The challenge for any government is how do you do two things at the same time. How do you put money forward for things like the payroll tax holiday, for things like getting a jump-start on infrastructure, for building schools, and make the decisions for long-term deficit reduction. — Jacob Lew

I have always maintained that if a program is to be successful, it must ... be voluntary ... based on need and must not be financed through a payroll tax. — Thruston Ballard Morton

Make no mistake, if the payroll-tax cut is extended, it will become permanent. Social Security will become another welfare program as the tie between what someone pays and what they receive gets broken. — Ari Fleischer

Ive never supported a payroll tax. — David Dewhurst

Social Security is a widely popular program because the individual has been deceived by the Statist to believe that the government has been prudently and diligently managing his accumulated pension investment in his Social Security account, which he presumes to be funded by his own payroll taxes. — Mark Levin