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employers pay payroll taxes. not the tax that gets taken out of your check -- there's an additional tax they pay for every dollar they pay you.
by beachstartup 10y ago
employers pay payroll taxes. not the tax that gets taken out of your check -- there's an additional tax they pay for every dollar they pay you.
- Sindisil 10y agoThose taxes are for Medicare and Social Security. That money has to come from somewhere, or those programs fall apart. Even if other corporate taxes were reduced or eliminated, payroll taxes would need to continue.
- jacalata 10y agoIt could come from income taxes though.
- Godel_unicode 10y ago> payroll taxes would need to continue. I believe you mean that the revenue currently generated by payroll taxes would need to continue.
- karlshea 10y agoBut they aren't taxed on the additional tax, that's part of their expenses.