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The number is closer to 18%, or 27% if you only look at net tax[1]. Payroll taxes are income taxes in every way except the name. [1] https://www.taxpolicycent
by YokoZar 8y ago
The number is closer to 18%, or 27% if you only look at net tax[1]. Payroll taxes are income taxes in every way except the name.
[1] https://www.taxpolicycenter.org/taxvox/closer-look-those-who-pay-no-income-or-payroll-taxes https://www.taxpolicycenter.org/taxvox/closer-look-those-who...
- orangecat 8y agoPayroll taxes are income taxes in every way except the name. True, but liberals are almost always in favor of maintaining that artificial distinction, to make people think of Social Security and Medicare as "getting back what they paid in" rather than welfare.