The employer, the employee AND the US government also agreed that the employer pay a percentage of the employee's wage on the employee's behalf attributed to the employee's SS account number....Play with the wage all you want but try taking that percentage away from the employee.
Wage earners pay 7.65% of wages in FICA. The employer has to pay an equivalent amount out of the employer's funds.
The portion paid by the employee will no longer be withheld - so he'll see a bigger check.
THe portion paid by the employeer will no longer be collected either.
The employee sees a 7.65% raise.
The employeer sees a 7.65% of wages reduction in costs.
Do you really own a business?