Seriously, do you understand the payroll tax at all? For every penny taken out of the employee's paycheck for FICA, the employer has to contribute an additional penny -- ..........kevkrom
So, instead of the empoloyer taking out one penny out of the business account, putting into Joe's check and then taking it right back out again and then taking another penny out of the business account and than mailing both pennies to the U.S. Government, the employer would put both pennies into Joe's account so that Joe can have Walmart take it out of him and send it to the U.S. Government.
The only thing the employer saves is a 39 cent stamp and the time it takes their computer to fill out the tax forms.
The only thing the employer saves is a 39 cent stamp and the time it takes their computer to fill out the tax formsSorry not even the price of the stamp let alone the tax forms would be saved AND the stamp would be 51 cents not 39 cents (39 cents + 30% tax).
`SEC. 903. WAGES TO BE REPORTED TO SOCIAL SECURITY ADMINISTRATION.