Tag: Tax

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

What a Trump payroll tax deferral would actually mean for your wallet

by NH Politician

By Megan Henney FOXBusiness President Trump on Saturday signed four executive actions as an attempt to sidestep Congress – deadlocked in negotiations over another coronavirus aid package – and provide relief to American workers and businesses still reeling from the pandemic. That includes an order that would postpone the collection of payroll taxes from Sept. 1 through Dec. 31 for individuals earning less than […]