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Article: https://economix.blogs.nytimes.com/2010/07/23/who-ultimately-pays-the-corporate-income-tax/ 1.Take a look at the article above.The article is not perfect.Think about elasticities!Now think about payroll taxes (social security and medicare).The United States

Article: https://economix.blogs.nytimes.com/2010/07/23/who-ultimately-pays-the-corporate-income-tax/

1.Take a look at the article above.The article is not perfect.Think about elasticities!Now think about payroll taxes (social security and medicare).The United States Social Security Administration states that you pay half of the SS tax and your employer pays the other half.Do you think it is evenly split?What roll do elasticities play?

2.Pick two different jobs/professions and explain how the employee might pay a different amount (share) of the total payroll tax in each job/profession.

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