Comment Re:Uh... wrong. (Score 1) 8
It's not a tax in any way on income. When a company sets the cost of having an employee, the payroll taxes are added to the cost of having that employee. Those taxes don't go to the operation of government (even if the collected Payroll taxes are borrowed against).
Of course those taxes go to the operation of Government, all taxes do.
Now, imagine a small business with a payroll budget of 100K.
They need to hire a third person, but they can't. They've hired 2 people at a cost of $40K / year.
Now drop this companies taxes, and the cost of the employee drops to $30K / year, and suddenly, they can hire a third person AND give raises to existing employees.
So... maybe... just maybe... the company is right, and their taxes are like the rent - just too damn high.
Of course those taxes go to the operation of Government, all taxes do.
Now, imagine a small business with a payroll budget of 100K.
They need to hire a third person, but they can't. They've hired 2 people at a cost of $40K / year.
Now drop this companies taxes, and the cost of the employee drops to $30K / year, and suddenly, they can hire a third person AND give raises to existing employees.
So... maybe... just maybe... the company is right, and their taxes are like the rent - just too damn high.