One of the most prevailing fallacies concerns the so-called parity payment of social security. Most people who make a living doing something more important than economics believe that both the employee and the employer pay 50 percent of social security. Yet this is just plain wrong, as Milton Friedman explains:
The part for which the employer writes the check is also paid by the employee. His wage is lower than it otherwise would be.
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[…] employer has to pay 496.- euro in social security contributions. (As explained recently, this is paid by the employer but borne by the […]