Perhaps an employee's gross paycheck would be smaller, but take home pay should remain about the same. A company has to pay matching funds and a staff to deduct and pay the taxes.
As far as the government still taking in as much in taxes, this may be the case, but it would then be our choice directly, and not only through elected representation. We could then have more than one way to show our disapproval of the use of tax dollars. When money is spent wrongly, we stop buying....
I have a feeling that unless local and state taxes are reformed as well, those officials will use the loss of revenue (to them) as an excuse to raise taxes.
Perhaps an employee's gross paycheck would be smaller, but take home pay should remain about the same."Take home pay should remain about the same" but that's BEFORE taxes not after.