A Senate committee analysis released last week, however, estimated that the state would have to raise $200 billion in revenue each year, which it said could be done through a 15 percent payroll tax.
That's a very optimistic view, in all likelihood, impossible. However, businesses in California would support the measure so that they can get out of the health care for employees business.
A Senate committee analysis released last week, however, estimated that the state would have to raise $200 billion in revenue each year, which it said could be done through a 15 percent payroll tax.
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Well, WHO pays the payroll tax? Isn’t that just a combination of businesses and their workers? Wouldn’t they net effect mean that both are paying more than they used to pay?