Payroll taxes
Payroll taxes is $1.82T and has held roughly steady over the last 3 months. That is near the top of its range: higher than 100% of readings since 2016.
Latest (latest reading)
$1.82T
As of
Oct 2026
3-month change
+$25B
1-year change
+$62B
20-year percentile
100th
20-year median
$1.33T
What it is. Social Security, Medicare and unemployment insurance taxes, last 12 months. Note: the latest update failed, so this shows the last good data.
What it affects next
Payroll taxes is unusually high: $1.82T, 100th percentile of the last 20 years. Here is what has tended to follow, based on links the data backs up.
No tested downstream links to trace yet.
What is driving it
None of its tested drivers is moving much right now.
Source: Treasury Monthly Treasury Statement.