4 ms·

12.5% payroll tax as well. Also, about half of your medical plan (which is compensation), is a hidden tax (e.g. cross subsidy).

• danans 6y ago
  Payroll taxes (FICA) are included in the effective tax rates I quoted, and furthermore are split between the employer and employee. The employee portion for 300k income is 4.6%
  • sokoloff 6y ago
    Who hands over the money is not relevant, IMO. If we made the entire payment “come from the employee” or “come from the employer”, it’s still logically coming out of the employee’s pay.
    • anonuser123456 6y ago
      This is the opinion of most economists.