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Wasn't the 2% tax cut on the side the employer pays? That means if you paycheck goes down because of it, your employer is pretty much a jerk.
by greghinch 14y ago
Wasn't the 2% tax cut on the side the employer pays? That means if you paycheck goes down because of it, your employer is pretty much a jerk.
- jaggederest 14y agoNope, it was only on the employee side of the tax.
- MRSallee 14y agoI don't work in HR so I'm not familiar with how companies deal with this, but I would be surprised if it doesn't hit your paycheck somehow -- directly deducting it from your current pay may be less likely than factoring the added cost into funds available for annual raises.
- chimeracoder 14y ago> Wasn't the 2% tax cut on the side the employer pays? That means if you paycheck goes down because of it, your employer is pretty much a jerk. In the short run, this would make a difference, but not in the long run - the incidence of payroll taxes has been shown to fall almost entirely (~98%) on the employees. (For those unaware: the incidence of a tax[1] is a way of describing who really bears the burden, which is completely unrelated to who nominally pays a tax out-of-pocket). [1] http://en.wikipedia.org/wiki/Tax_incidence http://en.wikipedia.org/wiki/Tax_incidence