Theoretically, yes. But much like sales tax, employer payroll tax is passed on to the employee. Unlike sales tax however, this cut isn't as transparent due to the salary itself being preemptively calculated in such a way as to offset the cost to the employer. In other words, the "true" gross income could, all things being equal, be upto 6.2% greater then what one is getting.
Comments
Theoretically, yes. But much like sales tax, employer payroll tax is passed on to the employee. Unlike sales tax however, this cut isn't as transparent due to the salary itself being preemptively calculated in such a way as to offset the cost to the employer. In other words, the "true" gross income could, all things being equal, be upto 6.2% greater then what one is getting.