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Revision as of 20:37, 22 September 2024
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For his 'payroll' tax as an employee he pays 7.65% of his $80,000 which is $6,120. His employer, though, must spend same many.65% - another $6,120. So from the employee brilliant employer, the fed gets 15.3% of his $80,000 which in order to $12,240. Note that an employee costs an employer his income plus 2.65% more.
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Defenders of the IRS position would say it comes home to Section 61. The waitress provided a service for me, and I paid hard. Compensation for services is taxable. End of account.
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