250
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 01 Oct 2023
250 points (94.6% liked)
World News
32491 readers
670 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
If only workers paid into the unemployment fund every paycheck, then there'd be no argument for keeping their money from them. Oh, wait... we do.
No, you don't, lol. Your employer does.
Unemployment is funded by a tax on employers, not employees.
That's not how tax incidence works. A tax is applied to the transaction, and its burden depends on who has more bargaining power, not on who writes the check.
It's called FUTA. Look it up. Also, there's likely a state equivalent wherever you reside.
There is no act that changes how tax incidence works.