Taxes, workers comp, benefits, and many other costs, mandated or otherwise, come out of what it costs to employ a person. Whether or not the employee would get the extra cash if these things weren't tacked on is not really the point. Maybe the employer could hire two people with the same take-home pay that one is getting now. Who knows?
Our government counts on people not really understanding how much of their life's work goes into taxes.
If I could magically pass a law, it would change no tax rates, no brackets, nothing in the tax code, except for one thing:
Withholding goes away, and everyone has to write a check every four months, just like I do, and just like businesses do. See what happens then.
Here's a table showing the tax load in various states, not including any Federal taxes. Not sure exactly where the "percentage of income" falls into this, or whether that number can be directly interpreted as a "tax rate."
re: Rates
The whole thread (30 posts)
- more proof (at least for HZ ultraright ideologues) of the depravity of 'socialist Europe"