Question: FICA taxes are supposed to be split evenly between workers and employers. Do you think the tax incidence actually falls equally on workers and employers?

 FICA taxes are supposed to be split evenly between workers and

FICA taxes are supposed to be split evenly between workers and employers. Do you think the tax incidence actually falls equally on workers and employers? If not, who do you think pays more of the tax? Explain your answers. (Hint: consider elasticity and tax incidence in your

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!