Yes, but Boortz is always under the impression that if the payroll tax disappeared tomorrow, your employer would pay you 14%(actually 15.25%)more. Just as if income tax disappeared tomorrow, vendors would reduce their prices by that amount.
In Boortz’ world, but not on this blue marble.
Boortz is suffering from what I call fair tax delusion syndrome
The money is out the door to the employer; it doesn't care where that money goes--whether it is to me or the government.
If we chose to eliminate payroll taxes and my employer cut my salary as a result, I'd find a new employer. That's not one that is worth working for.
Just why would I not lower my prices if taxes decreased?
The greatest thing going for our economic system is competition. If cost go down someone will lower prices. Once only one of my competitors lower their prices I will have to follow suit just to keep my customers.
Since business does not pay taxes, consumers pay taxes, why do we bother with them in the first place. It would be much more efficient to not pay business taxes. Business would be much more competitive in the world markets, we would all be happier. We would certainly have to make up the loss of income to the goverment from somewhere but then we would at least see the true taxes we are paying.
Business tax is only a slight of hand that politicians play so that we don’t see some of the taxes they are making us pay. The consumer pays all the hidden taxes.
We are so dumb.