By JLP | September 19, 2012
Here it is (click on the graphic to see it as part of a much larger graphic):
Source: NY Times
I have a couple of questions regarding the payroll taxes portion of the graphic:
• At the lower incomes, why are the numbers different? If the tax is the same percentage up to income cap, then why are the percentages different?
• Shouldn’t the employer portion of social security and medicare be included in the employee’s income? It’s obvious that they are including the employer portion in the taxpayer burden. This is misleading because I’m certain the employer portion is not being included in the employee’s income. In other words, by including it as part of the burden but not including it in income, it makes the burden seem high as a percentage of income. Lying (or misleading) with statistics 101.
I don’t trust the NY Times to be honest with their “facts.” Can you blame me?