Workers and employers bear an equal burden from the FICA tax.

Name: Workers and employers bear an equal burden from the FICA tax.
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The FICA tax, which funds Social Security and Medicare, is split between workers and employers, each paying half of the total rate. However, economic theory suggests that the true burden depends on how the tax affects wages and employment, potentially leading workers to bear a larger effective burden through lower net wages.

Workers and Employers Bear an Equal Burden from the FICA