That's not true in my state.
>In the end it is a wash.
Not even close.
Show me a state that has combined (employer/employee) payroll taxes of 15.3%. What's that? No state comes anywhere close to that?
Not a wash by a long shot.
15.3% is the FICA factor (assuming not above income cap), split evenly between employer and employee. Add on top how the state, municipalities, school districts extract their payroll/income taxes, which can be 100% on employee, 50% on employee, 0% on employee, or none of the above. In Texas, it is 100% on employer. In Ohio, the split mixes and matches with some of the entities charging the employer and employee. Ergo, it's not always a 50/50 split between employee and employer.
In the end, it is a wash whether applied to employer or employee. FICA extracts the same amount, and other entities will extract their amount. Reduction by the employee or employer via credits are typically not feasible or are strongly engineered against.
Thanks, and this is my last comment on this thread. Have a good day.
This _isn't_ true at the state level, where payroll taxes may be paid by an employer and not the employee.
In the end it is a wash.