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To: Mr. K

I thought that was going to drop from 15 % to 9

Cain ha sbeen saying the people won’t be paying the 15% payroll tax. Actually people pay 7.65% the employer pays the other 7.65%!


21 posted on 10/21/2011 12:43:42 PM PDT by jimmyo57
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To: jimmyo57

Self-employed pay the whole payroll tax.


34 posted on 10/21/2011 12:50:42 PM PDT by RGVTx
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To: jimmyo57
Actually people pay 7.65% the employer pays the other 7.65%!

The employer doesn't PAY anything. That is a part of the employee's salary. Self employed folks pay the entire 15%.

35 posted on 10/21/2011 12:51:08 PM PDT by numberonepal (I'm on the Cain Train. The Herman Cain Train!)
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To: jimmyo57
Cain has been saying the people won’t be paying the 15% payroll tax. Actually people pay 7.65% the employer pays the other 7.65%! ?

OMG did you really just say that seriosuly?

Your 'employer' does not pay it. YOU pay it.

What difference would it make if he gave you all 15% first, and then you sent it all in?

If your employer pays you a salary of 100 dollars then it costs him 107.50 dollars to hire you. He could give you all 107.50 dollars and you could send it in, and it would cost him exactly the same.

86 posted on 10/22/2011 8:29:44 AM PDT by Mr. K (We need a TEA Party march on GOP headquarters ~!!)
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