The EmploYER pays payroll tax and a billion other taxes for the emploYEE

Discussion in 'Politics' started by Misty, Apr 17, 2012.

  1. Misty
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    Misty Gold Member

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    Accounting 101 for stupid liberals who have never run s business*


    "In addition to salaries and wages, the employer will incur some or all of the following payroll-related expenses:
    Employer portion of Social Security tax
    Employer portion of Medicare tax
    State unemployment tax
    Federal unemployment tax
    Worker compensation insurance
    Employer portion of insurance (health, dental, vision, life, disability)
    Employer paid holidays, vacations, and sick days
    Employer contributions toward 401(k), savings plans, & profit-sharing plans
    Employer contributions to pension plans
    Post-retirement health insurance"


    "In addition to the amount withheld from its employees for Social Security taxes, the employer must contribute/remit an additional amount, which is an expense for the employer.

    In the year 2012, the employer's portion of the Social Security tax is 6.2% of the first $110,100 of an employee's annual wages and salary.

    For example, if an employee earns $40,000 of wages, the entire $40,000 is subject to the Social Security tax. This means that in addition to the withholding of $1,680, the employer must also pay $2,480.The combined amount to be remitted to the federal government for this one employee is $4,160 ($1,680 of withholding plus the employer's portion of $2,480)."

    Payroll Taxes, Costs & Benefits Paid by Employers | AccountingCoach.com
     
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  2. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    No to mention the cost of administering all that crap.
     
  3. healthmyths
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    healthmyths Gold Member Supporting Member

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    THANK YOU! I HAVE tried to explain to these idiots that all those so called "payroll taxes" that the idiots claim employees pay... ARE RETURNED in the form of retirement checks from SS and health benefits from medicare! Which UNLIKE INCOME taxes are returned and THEN some!
    With average 65 living till 80 now that 15 years at $18,000 a year or over $270,000 paid out.
    Subtracting 6.2% employee paid in over 40 years on say average $40,000 that is almost $100,000 paid in by the employee WHO gets back in 15 years over double what was paid in!
    PLUS free Medicare!
    But these idiot Obama supporters HAVE NO clue!
     
  4. Mr Clean
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    Mr Clean Gold Member

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    Fuck 'em.

    Nobody's got a gun to their heads. If they don't want to be in business for themselves, let them go work for a paycheck like everyone else.
     
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  5. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Which means what?

    America has a record number of million and billionaires.
     
  6. Mr Clean
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    Mr Clean Gold Member

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    And they have it so rough.
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    That's a horrendously stupid statement... oh, wait, it's you.

    Never mind.

    Pssssstttttttttt.... somebody's got to do it since you have zero ability to do anything for yourself.
     
  8. HereWeGoAgain
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    HereWeGoAgain Platinum Member

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    Gee...I wonder what would happen if everyone had an attitude like that.
     
  9. Full-Auto
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    Full-Auto Gold Member

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    Sorry, Obama policies have cut into those numbers as well.
     
  10. Mr Clean
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    Mr Clean Gold Member

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    Eat shit, douchebag.
     

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