Baker, Dean - Center for Economic and Policy Research (CEPR) - 2014
In January of 2013 nearly every worker in the country saw their payroll tax increase by 2.0 percentage points. The … payroll tax holiday that had been put in place at the start of 2011 ended in December of 2012, leading to a jump in the Social … in the payroll tax. Past increases had generally been phased in gradually. For example, from 1980 to 1990 the tax rate …