Sentences with phrase «social security contributions per»
«The reality is that migrants from other EU countries are very beneficial to the UK's economy, notably because they help to address skills shortages and pay more tax and social security contributions per head, and get fewer benefits, than UK workers; that free movement of workers is a key part of the EU's single market; that hundreds of thousands of UK nationals work in other EU countries.»
http://www.politics.co.uk/ Not exact matches
Much larger sums could be raised by lifting the cap on Social Security payroll contributions, which is currently set at $ 118,500 per year.
Third, the tax giveaway includes a $ 120 billion reduction in Social Security contributions by labor — reducing the FICA wage withholding from 6.2 per cent to 4.2 per cent.
To fund the Social Security program, individuals and employers are taxed a combined 12.4 % per year, as stipulated by the Federal Insurance Contribution Act (FICA).