BendBrewer
Well-Known Member
Hey dipshit. I'm going to walk you though this one time.Bullshit, that's not the whole story. You forgot that the employer has to match the 6.2% not to mention the medicare tax and the employers deposit schedule and other things. I don't think we need to give
a business class but the point is that the employers don't just pay the 6.2% you stated it is actualy 12.4% just for the payroll tax if the number you are using is correct.
A year ago, employers paid 6.2% and employees paid 6.2% to make a total pay roll payment of 12.4%. Half paid by the employer and half taken out of the pay checks of employees.
Obama passed a 2% payroll tax cut to only employees so today employees pay 4.2% and employers still pay 6.2%. You with me?
Last night Obama laid out his plan that would further cut the employee's pay roll tax to 3.1% AND cut employer's pay roll tax to 3.1%.
Got it?