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The Metropolitan Transportation Authority ( MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York.
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The bank payroll tax was a nonrecurring case of specific tax regime that was set to temporarily change the circumstances under which relevant employees of taxable companies (namely banks) obtained their bonuses in United Kingdom.
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A temporary, one-year reduction in the FICA payroll tax. The normal employee rate of 6.2 percent is reduced to 4.2 percent. The rate for self-employed individuals is reduced from 12.4 percent to 10.4 percent. The negative revenue impact of this measure was estimated at $111 billion.
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