15.3% Combined Employer / Employee Payroll Taxes


As an employer, I just finished processing my quarterly payroll taxes, reminding me that the government confiscates 15.3% (combined Employer and Employee expropriations) for Social Security and Medicare alone. This doesn’t include Federal Income, State Income, Sales, & Property taxes.

Imagine the good you and entrepreneurs could do with 15.3% more money to spend & save.

15.3% more is equivalent to one more job for every 6.5 employed individuals.

The best way to create more jobs is to stop punishing the job creators (AKA Small Business Owners), siphoning their profits for wasteful government programs, and allowing them to reinvest their savings into creating more jobs.