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Income Inequality and Fair Share
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Quote:You're aware that business matches employee payroll taxes right? If I hire a guy and pay him $700 a week, his tax deduction is $100 a week I'm matching that $100 so that employee cost me $800 a week and he's only seeing $600 on his check. You're talking about FICA taxes. Yes, that is a cost of doing business. So you're saying you think we should defund SS and Medicare because you hope it might get a few more hires? Did you know they already tried that only a couple of years ago and it had almost no impact? What drives hiring is market demand, not lower taxes, and market demand comes from the populace having money to spend on consumer level kitsch, not from it being concentrated with a few super wealthy people. |
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The Jungle is self-supported by showing advertisements via Google Adsense.
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