4 ms·
People making what they are told is $70K/year are actually paid significantly more than that and their overall actual tax rate, because employer tax doesn’t act
by alchemist1e9 3y ago
People making what they are told is $70K/year are actually paid significantly more than that and their overall actual tax rate, because employer tax doesn’t actually exist economically since any tax the employer pays due to hiring the employee is a direct tax on the employee period, the real tax rate for common people is already nearing 50%! If we add the medical side in, which I agree is connected when comparing to other healthcare systems, which I do NOT agree are better, but still adding those in and a typical upper middle class suburban household is taking home a shockingly small chunk of their total economic compensation the employer is paying them. That healthcare costs are compensation, period, benefits is another euphemism ingrained in all of us, being used to hide the ugly truths from the general population.