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Payroll Taxes (FICA)
7.65% is paid by both the Employee and Employer for a total of 15.3%. A $ 1000.00 paycheck will see $ 76.50 removed for FICA. @AnastasiaYeager @QueenBeeCanadas @GMDH18 @SenateGOP @SenateDems @HouseDemocrats @HouseGOP @threadreaderapp UNROLL
Reducing this will not do squat for individuals in the economy but it will give a greater relief to the employer.
@AnastasiaYeager @QueenBeeCanadas @GMDH18 @SenateGOP @SenateDems @HouseDemocrats @HouseGOP @threadreaderapp UNROLL
Do not be deceived, this would drain Social Security and Medicare of needed funds. This plays into the GOP's goal to get rid of Social Security and Medicare. @AnastasiaYeager @QueenBeeCanadas @GMDH18 @SenateGOP @SenateDems @HouseDemocrats @HouseGOP @threadreaderapp UNROLL
All this does not aid the unemployed and disabled. They are just hung out to dry with no aid. Further, with our over inflated medical cost like $10,000 a day for a @AnastasiaYeager @QueenBeeCanadas @GMDH18 @SenateGOP @SenateDems @HouseDemocrats @HouseGOP @threadreaderapp UNROLL
hospital stay, it is going to bankrupt the middle class and poor. Many people could lose their shirts. @AnastasiaYeager @QueenBeeCanadas @GMDH18 @SenateGOP @SenateDems @HouseDemocrats @HouseGOP @threadreaderapp UNROLL
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