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  2. Federal Insurance Contributions Act - Wikipedia

    en.wikipedia.org/wiki/Federal_Insurance...

    The Federal Insurance Contributions Act ( FICA / ˈfaɪkə /) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare [1] —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.

  3. Payroll tax - Wikipedia

    en.wikipedia.org/wiki/Payroll_tax

    Federal social insurance taxes are imposed on employers and employees, ordinarily consisting of a tax of 12.4% of wages up to an annual wage maximum ($118,500 in wages, for a maximum contribution of $14,694 in 2016) for Social Security and a tax of 2.9% (half imposed on employer and half withheld from the employee's pay) of all wages for Medicare.

  4. Middle Class Tax Relief and Job Creation Act of 2012 - Wikipedia

    en.wikipedia.org/wiki/Middle_Class_Tax_Relief...

    The Middle Class Tax Relief and Job Creation Act of 2012 ( Pub. L. 112–96 (text) (PDF), H.R. 3630, 126 Stat. 156, enacted February 22, 2012 ), also known as the " payroll tax cut", was an Act of the United States Congress. The bill was passed by the U.S. House of Representatives on February 17, 2012 by a vote of 293‑132, and by the Senate ...

  5. What Are Payroll Taxes? 8 FAQs About How a Tax Cut Would Work

    www.aol.com/payroll-taxes-8-faqs-tax-200028084.html

    Millions of people are on edge about their expired unemployment benefits and whether a second round of stimulus checks is coming. The Republican-proposed HEALS Act didn't include a payroll tax cut ...

  6. A Tax Hike is Coming Soon for the 47% and the 53% - AOL

    www.aol.com/2012/11/02/payroll-tax-hike-holiday-ends

    Mitt Romney thinks 47% of Americans don't pay taxes. Well, most of those 47% of Americans would beg to differ. Fact is, a whole lot of folks who don't earn enough to owe federal "income" tax do ...

  7. Fiscal Cliff Ahead: The Party's Over for the Payroll Tax Holiday

    www.aol.com/2012/09/06/payroll-tax-holiday...

    A month ago, we mapped out the fiscal cliff America is hurtling toward, and the torturous trail of automatic budget cuts and unhindered tax increases that could send the economy screaming into the ...

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