payroll tax
noun
1
: a tax that is paid by a company and that is based on the amount of money that the company spends paying all of its employees
2
: money that is taken from a person's pay and given directly to the government as income tax
Examples of payroll tax in a Sentence
Recent Examples on the Web
Retirement incomes are too low and labor is already heavily taxed, and the payroll tax is regressive.
—
Teresa Ghilarducci, Forbes, 21 Oct. 2024
Now, a ballot measure would make the program — and its accompanying payroll tax — voluntary for anyone.
—Ivana Saric, Axios, 9 Oct. 2024
Social Security is funded through a dedicated payroll tax of 12.4%, split between workers and employers on income up to $168,600.
—Ryley Amond,brian Sloan, CNBC, 2 Oct. 2024
For example, raising the retirement age, changing the benefits calculation formula and adjusting the payroll tax.
—Jeanne Sahadi, CNN, 2 Oct. 2024
See all Example Sentences for payroll tax 
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Teresa Ghilarducci, Forbes, 21 Oct. 2024
Now, a ballot measure would make the program — and its accompanying payroll tax — voluntary for anyone.
—Ivana Saric, Axios, 9 Oct. 2024
Social Security is funded through a dedicated payroll tax of 12.4%, split between workers and employers on income up to $168,600.
—Ryley Amond,brian Sloan, CNBC, 2 Oct. 2024
For example, raising the retirement age, changing the benefits calculation formula and adjusting the payroll tax.
—Jeanne Sahadi, CNN, 2 Oct. 2024
See all Example Sentences for payroll tax
Dictionary Entries Near payroll tax
Cite this Entry
“Payroll tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payroll%20tax. Accessed 5 Nov. 2024.
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