A bogus claim right off the bat. The overwhelming majority of people in this country are not self-employed so they don’t pay a 15 percent payroll tax.
You’d have to be pretty naive to think that your employer would try to keep this for himself any more than he’d lower your salary if federal tax rates declined. Employers who did that would be unattractive to the best workers, in comparison to employers who behaved more rationally.
So? He pays it, not me. It's a cost to him, not to me. It's one of the many costs of doing business.
You’d have to be pretty naive to think that your employer would try to keep this for himself any more than he’d lower your salary if federal tax rates declined.
A couple of years ago my employer cut my salary and the salaries of every other person in the company between 5% and 15% just because the company wasn't making enough money. I'm not alone in that, millions of other people saw their salaries cut or benefits cut or raises done away with. The truly naive ones are those who believe a company will raise pay just because FICA is done away with or that they will cut prices just because their expenses go down.