3 ms·
It's disingenuous to not include it. It still comes out of your paycheck, just because it happens above the fold doesn't mean it's not a real tax burden, equiva
by vkou 3y ago
It's disingenuous to not include it. It still comes out of your paycheck, just because it happens above the fold doesn't mean it's not a real tax burden, equivalent to the one that is listed below the fold.
Splitting it into an 'employer and employee' portion was just an accounting trick to get political buy-in for it. At the end of the day, it's still a regressive 15.3% tax rate that gets slapped onto your wages.