4 ms·
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 30
by 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 agoWho 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 agoThis is the opinion of most economists.