To: DTxAg
“You assume businesses will give a pay raise of 15.3%, even though payroll is taxed under the Cain plan at 9%. Not likely.”
The 7.65% employer pays ON BEHALF of the employee is considered part of an employee’s compensation. Anyone who runs a business knows this.
96 posted on
10/13/2011 10:44:47 AM PDT by
justsaynomore
(Cain 2012 - http://teamcain.hermancain.com)
To: justsaynomore
The 7.65% employer pays ON BEHALF of the employee is considered part of an employees compensation. Anyone who runs a business knows this.
No kidding, but since the claim was that "the poor" see a tax increase of only 1.89%, the number is arrived at by calculating 17.19% - 15.3%, which assumes the entire 15.3% is going back to the employee. If you wish to quibble, I should have said that you aren't likely to see a 15.3% increase in take-home pay, rather than a 15.3% raise.
112 posted on
10/13/2011 10:48:34 AM PDT by
DTxAg
(The Presidency is not an entry-level position.)
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