That would deprive unions of the ability to use the government payroll system to collect dues and contributions.
And I set up and managed and ran a full payroll system myself.
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Employers can easily help their employees save for a rainy day, leveraging the payroll system and direct deposit to automatically send a small percentage of their paychecks to a savings account.
And in this case, delivering an individual worker credit through the payroll tax system muddies the waters between personal income taxes and taxes paid to support Social Security.
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Or, I should say, which does not include payroll taxes: I would like to see the payroll tax system eliminated entirely and integrated into a single income tax system.
For example, Google wanted us to handle the administration of payroll and the system-of-record, but they wanted to maintain the user experience of their internally developed GHR system.
Within seven months a consulting firm helped Blackstone unite them all, with one system for payroll and reservations, run from one computing center.
By 2013, when Mr Clinton and his fellow boomers start retiring, the cash flowing into the system from payroll taxes will no longer match the benefits being paid out.
Despite massive unemployment, firms are discouraged from hiring by over-mighty unions, wage controls and a complex system of payroll levies, not to mention a lack of suitable skills among the workforce.
Social Security's actuaries assert that a two-percentage-point increase in payroll taxes would render the system solvent for another 75 years.
That means the equivalent in retirement available for the purchase of private insurance of the revenues that would be produced by a 9% payroll tax under the present system.
All of these steps would be taken to ensure Social Security's solvency during a transition from the current pay-as-you-go system to a private account system, where less payroll tax revenue would be available to finance benefits.
Then there are government issues that Rousseff still needs to solve: an effective 70% payroll tax, a highly complex tax system beneath that and interest rates recently as high as 12.5%.
Effective September 30, 2002, the agencies will enter payroll benefit data to the Internet Fiduciary Confirmation System (IFCS) within 15 days after the end of each reporting period.
In -- startups and small businesses will show up first in the survey of people, because obviously they are not yet in the system to be interviewed about their payroll.
To achieve this, he agreed to raise the rate of the (relatively efficient) Social Security payroll tax, thereby helping to protect that flawed system from suffering operating deficits for more than 25 years.
If they've made the right choices, the system then communicates with their employer's payroll server to issue a reward.
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In the cities the main system combines social insurance, paid for by payroll taxes, with individual accounts, into which workers must pay 8% of their earnings.
The system had to be funded entirely by a payroll tax levied half on employers and half on workers, so that it could be presented to the nation as a sort of contributory insurance plan.
Any borrowings necessary to finance the transition could be treated like a mortgage: As more and more people under the old system pass away, a growing portion of the payroll tax that had been devoted to their benefits could gradually be redirected to paying down the borrowings.
However, Heritage would go in the opposite direction and repeal the payroll tax entirely and fund the (much smaller) Social Security system through the flat tax.
Or ask yourself this: how much time would you save if you could perform payroll automatically based on your HR and financials data in your ERP system?
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But Ms. Vick failed to foresee that the system would automatically report the fake employees to a state payroll-tax agency as if they were new hires at an actual company.
Neither Hong Kong nor Singapore, which are models of what can be achieved with a flat tax system (or nearly so in Singapore), have a payroll tax.
And so, the commercial deposits, that which you pay your payroll through, there was your 30-plus percent of the banking system, 35% of the banking system, uninsured.
The greatest threat to the integrity of the Social Security system was removed by allowing the temporary, 2-percentage-point reduction in the Social Security Payroll tax to lapse.
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