Quote:
Originally Posted by Gozarian
Maybe you have never had employees therefore dont understand the structure of payroll taxation. The withholding of payroll taxes is typically the responsibility of the employer. The burden is typically enforced upon both the employer and employee. In our country the employer remits to govt 41.7% of gross payroll. Employer portion = 31.7%, employee portion = 10%. The rate in the states, last I looked, was 15.3% (7.65 employer, 7.65% employee). We pay 314% more.
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You are almost right. In the states the income tax is paid by the employee. The FICA is split up 50/50 or "matched" by the employer.
http://biztaxlaw.about.com/od/glossa...yrolltaxes.htm
Our withholding rates depend on how much you make. (These numbers do not include FICA).
http://taxes.about.com/od/Federal-In...2-Tax-Year.htm
Now remember close to 50% of all Americans get back their income tax money when they file their taxes. The rest of us pay for them.