Episode 239: Who Ultimately Pays a Tax?
Words & Numbers
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What Is the Social Security Tax Rate?
The Congressional Budget Office has produced some research along these lines. CBO estimates that the employee pays 62% of the 12.4%. But the employer probably pays much less than whatever that is left over, 38%. Why because the employer has got to come up with the money somewhere likely raises prices. Think exactly right now, the remnants of the hurricane in New Orleans. Right.
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