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Payroll Taxes & EITC Noncompliance Insights by Paola V. Martinez is a document available to read on EtoBox.
What is Payroll Taxes & EITC Noncompliance Insights about?
The document summarizes testimony given to the Senate Finance Committee on two topics: (1) how payroll taxes fund Social Security and Medicare programs, and (2) noncompliance with the Earned Income Tax Credit and efforts to address it. Payroll taxes provide most of the funding for Social Security and Medicare Part A. The Earned Income Tax Credit has significant compliance problems, though the IRS has denied $1.5 billion in erroneous claims over 2 years in an effort to reduce noncompliance. However, more inf
- Author
- Paola V. Martinez
- Language
- EN