Small Business and Payroll Tax Rates

If you own a small business, then it is important to understand the current payroll tax rates. Employees of your company are taxed at different rates based on a number of different factors. Often times you are left to wonder exactly how to calculate payroll tax rates. If you are unable to afford an accountant or hire a payroll company, the internet is a great resource that will help you calculate payroll taxes. First, it is important for you to understand some of the different payroll taxes. There are two standard payroll taxes; the first is the tax that the employer must withhold from the employees pay. This type of tax is referred to as the withholding tax. The next tax actually comes out of your businesses working funds and must be paid directly to the IRS. This tax covers the amount of money that must be paid to support Medicare and Social Security

Want Lower Payroll Tax Rates?

You know? A lot of people are complaining about payroll tax rates and how the rich don’t pay as much of a rate than the poor, which isn’t even true. The poor, really poor, do not pay taxes. I don’t know of any rich people, the 1 percenters, who don’t pay any taxes. To me, the tax breaks the rich get is a reason to get rich! What ever happened to internal drive, gusto!? That just disappeared from our vernacular and in its place is this idea that we are owed something from the government. Well I have some news for you! The government’s existence is not to give us, the citizens it governs, hand outs. It is to govern. To make sure that we are doing things lawfully and to assist. You know? Teach a man to fish stuff. The government has been giving us fish for far too long.