3) under the nrst, your co will no longer have to pay matching FICA to the feds! "You wouldn't be affected" huh?
Gee, I thought the nst promised 100% of their paychecks to employees. How would he comply with YOUR promise if he doesn't first collect it.
4) under the nrst, your co will no have no need to have a budget item for tax compliance! "You wouldn't be affected" huh?
Business records and books will still be kept. Employee's wages and self employment income would still be reported to SS...How is that not having to comply?
That's so they know how much money to send you, not so they can tax you! If you want to receive your SS check, they need to know how much they "owe" you.
Nowadays the IRS needs to know your earnings- all of it, not just wages- so they can tax you. Under the nrst, if you want your SS check, you need to show them you've earned it.
BTW the SSA already does all this now.