Question for you entrepreneurs out there.
When companies claim X% total taxes paid, how easy is it, whether by accident or not, to include the taxes withheld from employee paychecks? If an employer makes a statement that his company pays, say 45% in taxes, what in reality does it actually include?
Also - I've noticed that whenever the comparison comes up between the high wage earners and the middle class, they include a payroll tax in the high wage tax total, presumable since they have people working for them. Middle class blue collar workers don't pay a payroll tax. They aren't making an honest comparison. In other words, part of that high wage tax total they continually publish appears to include employer type taxes, not just personal taxes. The 29.1% tax for millionaires includes the payroll tax. My tax rate is in the 20's and I'm not paying a payroll tax. So what's the true comparison here?