View Full Version : Employer taxes paid by employee
kelly880
Dec 6, 2010, 12:03 PM
Can a company require an employee to pay the employer share of taxes (ie 12.4% for SS, 2.9% for Medicare) for options exercised? It does say in the paperwork that they will do so. If the options are exercised in January and the employee would have matched out at some point later in the year would this not be unfair to the employee as they are paying the 6.2% that would normally be part of the companies responsibility.
Fr_Chuck
Dec 6, 2010, 12:07 PM
Report them ( send a copy of the paper work) to your state department of Labor
kelly880
Dec 6, 2010, 12:11 PM
So I take it the answer is no.
Thanks.
Fr_Chuck
Dec 6, 2010, 12:14 PM
This is their share they are required to pay, along with other costs like workers comp insurance and unemployment insurance.
kelly880
Dec 6, 2010, 12:15 PM
Supposively a legal firm said there is nothing wrong with doing it just no one does it.