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 
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
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'payroll tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Payroll tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payroll%20tax. Accessed 30 Oct. 2024.
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