Wouldn’t it be more like a 1.25% increase for most people since that part of the payroll tax is split half and half between employers and employees? I might be reading it wrong but sounds like they’re proposing raising the entire 12.8% or whatever it is payroll tax that much. So it’d go from like 6.4% to like 7.7%.
Wouldn’t it be more like a 1.25% increase for most people since that part of the payroll tax is split half and half between employers and employees? I might be reading it wrong but sounds like they’re proposing raising the entire 12.8% or whatever it is payroll tax that much. So it’d go from like 6.4% to like 7.7%.