payroll taxes
Coverage of payroll taxes in the Nexus archive.
- Newly retired couples could lose $17K a year in Social Security come 2033: What Americans need to know
Newly retired couples may lose $17,000 annually in Social Security benefits by 2033. The Old-Age and Survivors Insurance (OASI) program, funded by payroll taxes, is paying out more than it collects, forcing the trust fund to use its reserves.
- For Pasadena Businesses, Today’s 53-cent Wage Hike is Just the Beginning
Pasadena's minimum wage increases to $18.57 an hour, a 53-cent raise, but small-business owners highlight higher indirect costs like payroll taxes and workers' compensation. A business with 120 minimum-wage hours weekly could face over $3,300 annually in added expenses.
- ‘I claimed Social Security at 62’: At 76, I’m working at Walmart. Why do I still owe payroll taxes?
A 76-year-old individual who claimed Social Security at age 62 continues to work at Walmart and questions why they still owe payroll taxes. They observe that many Walmart employees are over 65.