Excluding Employee paid taxes, there is only 7% embedded taxes in the cost of goods. Now add a 30% sales tax on the item, and poof, prices go up roughly 20%. As far as wages, your costs are reduced 7.625% since the other 7.625% comes from the gross pay of the employee. The employer will only see half of the savings.
Clearly you have never been an employer. My hiring decisions are based in part on TOTAL compensation, which includes the cost of EMPLOYER FICA, unemployment insurance, workman’s comp payments, as well as the more obvious salary, insurance etc etc.
You can spin it all you want, but the 15.2% full cost of FICA most definitely goes into the price of a product.