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To: Arizona Carolyn
I know what it looks like on paper, with the half & half deal. I spent many years calculating it. The employer will add the 6.2% & cost of other employment expenses when considering employee wage rates. Employees pay for all of their bennies, through a reduced pay rate.

If you're self employed, the spouse or minor child of the business owner are exempt from it, least that's how it used to be. Same with Federal unemployment, the tax paid with the 940.

48 posted on 10/16/2008 11:47:32 PM PDT by GoLightly
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To: GoLightly

Exactly.... and now the democrats want to hit employees with a mandatory additional 5% administered by SS Administration and basically do away with employer-matching 401k’s... I don’t know why every GOP candidate including McCain is not running with this... so much for Obama saying he won’t increase middle income taxes, they are already working on it and he isn’t even elected.


49 posted on 10/17/2008 12:42:19 AM PDT by Arizona Carolyn
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