There’s more to the deceit and dishonesty about Social Security and Medicare discussed in my recent columns.
Congress tells us one-half (6.2 percent) of the Social Security tax is paid by employees and the other half is paid by employers, for a total of 12.4 percent.
Similarly, we are told a Medicare tax of 1.45 percent is levied on employees and that another 1.45 percent is levied on employers.
The truth of the matter is the burden of both taxes is borne by employees. In other words, we pay both the employee and the so-called employer share.