Previous question
Who bears the economic burden of Social Security and Medicare payroll taxes paid by businesses?
Correct Answer
Tell Me More
The payroll taxes paid by businesses are primarily borne by employees in the form of lower wages. Per Congressional Budget Office (CBO), "In the judgment of CBO and most economists, the employers' share of payroll taxes is passed on to employees in the form of lower wages."
DocumentationTax Burdens
Next question
Previous question
Next question
