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Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees. [1]
The MTA tax rate is .0034 or .34%, meaning that small businesses pay $3.40 for every $1,000 of payroll. So, if your annual payroll is $100,000, you only end up paying an extra $340 worth of tax ...
State mandated costs, like the MTA payroll tax, health insurance and retirement system contributions, will cost the district $2.9 million more in 2011-12 than it did in the current school year. If ...
On September 16, 2010, The Suffolk County Legislature held a vote on a resolution (I.R. 1875) - Directing the County Attorney to bring an action against New York State regarding the MTA payroll tax. The resolution passed with strong bipartisan support with 17 votes in favor and a single vote to oppose, which was cast by Legislator Monatano.
According to the New York State Comptroller's Office, the impact of the MTA Payroll Tax on business and non-profit organizations is about $103.9 million in Nassau County.
In December 2011, Zeldin supported a $250 million cut to the MTA payroll tax. [19] [20] In March 2012, Zeldin helped to create the PFC Joseph Dwyer PTSD Peer-to-Peer Veterans Support program; funding for the program was included in the 2012–13 New York State Budget. [21] [22]
Hochul's preferred solution to avoid the hike came within her proposed budget, which included an MTA bailout that in part relies on raising the state's mobility tax from 0.34 percent to 0.5 percent.
The state Senate has passed legislation to derail the payroll tax put in place last year to rescue the Metropolitan Transportation Authority from a big budget deficit.
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