Kabar is the expert on all that.
All I know is that when I give e mail my payroll to my cpa she doubles my SS and its less than what I have been paying in the past. the 2% is doubled so I wind up paying 4% less on SS.I thin kabar said that the govt. picks up the difference and that the taxpayers continue to get fully funded. Typical ozero convoluted plan.IT’s all designed to destroy the country, incrementally.
I understand that your accountant doubles the amount of FICA withheld. That is how it’s normally done.
Thus you do not, in effect, pay that 2% either.
Oh, and you are NOT “saving” that other 2% not withheld from the employee. You are, rather, sending in 2% less than what was previously being withheld from the employee.
You ARE saving 2% in that your match is 2% less than it was.
Might seem like an extra 4% to you but the 2% you do not send into the gubmint did cost YOU in that it is part of their take-home pay.
As for Kabar, and he can read this if he wants, but he does use macro-economics that blind us with their brilliance and complexity. He said that the employee IS credited for ALL of the salary he/she made even though now taxed 2% less for it.
For now I believe Kabar as a)I’ve no idea as to the answer and b)Kabar is far more likely to know than I.
But Kabar also said that you WERE paying 6.2% of the match which, as you, RG, describe it, you are not.
Who we gonna believ- Kabar and his big flow charts or RG and his lying accountant?