For example: on a standard 30-year fixed-rate mortgage, the monthly payment on a $200,000 loan would be $955 for a 4% mortgage versus $1074 for a 5% mortgage. Thatâs a monthly difference of $119. You might think that low rates encourage people to buy homes, but itâs not quite that simple.
If your payroll expenditures fall within 15-30% of gross revenue, your business is in a safe zone. Businesses that live within this range tend to be most successful, at least from a payroll perspective.f your percentage falls above 30%, in the red zone, itâs time to come up with a new strategy immediately. Maintaining a payroll that falls above 30% of your gross revenue is one of the most common reasons for a business to fail. Identify it first and then we can fix it.
[10] As a result, most OECD countriesâ high average tax burden on labor is due to high payroll taxes (Figure 3). The average combined (employee and employer) payroll tax rate in the OECD was 22.6 percent in 2013, which was 6.7 percent higher than the U.Sâs combined rate of 15.9 percent. The total tax burden faced by wage earners in the United States is 31.3 percent of their pre-tax earnings, paying $16,658 in taxes in 2013, with $8,196 in individual income taxes and $8,462 in payroll taxes.