What is included in payroll tax? – Federal income tax. – FICA (Social Security a

What is included in payroll tax?
– Federal income tax.
– FICA (Social Security and Medicare).
– Federal Unemployment Tax (FUTA).
– State income tax.
– State Unemployment Tax (SUTA).

So, given that the upper 50% pay 97% of INCOME taxes, it’s not clear why we even charge income… https://t.co/SrZ9pvJyUL


Source date (UTC): 2023-03-14 16:17:52 UTC

Original post: https://twitter.com/i/web/status/1635676629270687746

Replying to: https://twitter.com/i/web/status/1635670402243391488

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