Monday, December 3, 2012
The NYU Graduate Tax Program hosts a panel discussion today on Federal Payroll Taxes: Why Should We Care? What Should Be Done?:
Federal payroll taxes affect nearly all U.S. taxpayers. They constitute an enormous portion of the tax revenue that the federal government collects each year. Despite their fiscal importance, payroll taxes have received relatively little attention. This program will provide an overview of federal payroll taxes, consider distortions that these taxes encourage under current law and examine the changes that payroll taxes may soon face as a result of the enactment of the 2010 health care legislation and the approaching fiscal cliff. It will also feature several reform proposals, including recently-proposed legislation and the integration of federal payroll taxes and the personal income tax.
- Willard Taylor (Sullivan & Cromwell, New York), author: Payroll Taxes — Why Should We Care? What Should Be Done?, 137 Tax Notes 983 (Nov. 26, 2012)
- Deborah Schenk (NYU)
- John Buckley (Georgetown)
- Joshua Blank (NYU) (moderator)