healthmyths
Diamond Member
- Sep 19, 2011
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I agree 100% and as you said "not sure if you know this..."Not sure if you know this or not but a lot of those companies you mentioned hire a lot of Americans...who pay taxes through payroll deductions and income taxes in addition every April.
It doesnāt sound like weāre getting ānothingā from those subsidies but Iām sure youāll now tell us. Iām sure it will be hilarious so letās hear it.
How many of you KNOW that All employers of businesses ALREADY MATCH your SS/Medicare payments every pay day?
An Intel as an employer matches percentage for Social Security and Medicare (FICA taxes) is 7.65% (6.2% Social Security + 1.45% Medicare).
Based on available data, the total amount paid by employers to Social Security and Medicare is tied to wages paid to employees and is estimated at $1.233 trillion in Net payroll tax contributions.
Now for the FACT source: Topic no. 751, Social Security and Medicare withholding rates | Internal Revenue Service.