It’s a 12.4% tax. Employers (like me) figure in the total cost of employee, not just what the employee is paid.
12.4% ?
“You don’t know how lucky you are!”
Here in the UK for an average wage the National Insurance tax is 28.3%
15.05% being the employer’s rate
and 13.25% the employee’s rate.
It’s only a matter of when the Ponzi scheme runs out, not if.