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To: FredZarguna
Excellent article, however I beg to differ with you when it comes to the employer's share of ss & mc. That is a tax on them. Especially if they provide independent retirement plans of their own.
I think the best question to the Kenyan was from Sen Rubio from Florida. Something to the effect of asking “Please explain to me what jobs are going to be created by increasing taxes?”
I just hope and pray that this country can survive another 18 months under this unabashed, evil communist.
12 posted on 07/09/2011 9:03:27 PM PDT by bramps
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To: bramps
Well, as a self-employed person the SS and MC taxes are paid 100% by me, and it matters naught if I have on my boss hat or employee hat.

But even for the poor working stiff, I think your analysis is mistaken: an employee pays 100% of SS and MC taxes whether he wants to believe it or not. He also pays 100% of his "paid" vacation, 100% of his "paid" leave, 100% of his "employer" contribution to health care ... and so on and so on.

The truth is that an employer fully accounts for every penny of an employee's expenses, and that includes all contribution supposedly made on his behalf; that's the meaning of "fully loaded" wages and benefits, and that's how an employer budgets you (I know this because I've been on that side of the equation, too.) Believe me, no employer budgets employees on the basis of gross wages. That's one of the reasons idiots continue to back Social Security: they think they're getting one over on the boss by "forcing" him to pay 7%+. They aren't. They're paying it.

15 posted on 07/10/2011 1:05:59 AM PDT by FredZarguna (Titles are but nicknames, and every nickname is a Title. -- Thomas Paine)
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