In 2007, the Social Security Trustees suggested that either the payroll tax could increase to 16.41 percent in 2041 and steadily increased to 17.60 percent in 2081 or a cut in benefits by 25 percent in 2041 and steadily increased to an overall cut of 30 percent in 2081.
effective rate of protection. the real amount of PROTECTION accorded to domestic suppliers of a final product when a TARIFF is applied to a competing imported final product (see IMPORTS), but either no tariff, or a lower rate of tariff, is applied on FACTOR INPUTS that are imported to produce that product.
Workers' compensation rates are applied per $100 of payroll. Thus, a rate of $4.90 means that for every $100 of payroll, $4.90 in premium is generated. Learn about Advisory Pure Premium Rates or Insurer Rates The Rates You Pay: Insurer Rates and Pure Premium Rates Explained When a worker is injured as a result of his or her employment, the employer is liable for the payment of state-mandated medical and indemnity benefits to or on behalf of the injured worker.