Get it completely....I own a large catering business and have a 2 million dollar a year payroll...trust me that I understand how the tax works...And by the way...who says that the employer would be paying that money to employee if Gov didnt take it....by my way of thinking it is a regressive emoployee tax.
And by the way...who says that the employer would be paying that money to employee if Gov didnt take it....by my way of thinking it is a regressive emoployee tax. What would you do if Social Security disappeared? Would you pay that 6.25% to your employees or would you keep it as profit? If the caterer down the street gave it back to their employees, where would your employees go?
Bottom line, it comes out of the employee's hide.