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To: Ultra Sonic 007

I thought this part was hilarious, too:
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9- QUESTION: Will all small businesses be forced to provide coverage to their employees?

Answer: The bill exempts small businesses with a payroll of less than $250,000 from the requirement to provide health insurance for their workers. Businesses with payrolls above $250,000 that do not provide coverage will be charged a payroll tax that will gradually increase with the size of their payroll.

The tax will start at a low 2% for payrolls above $250,000 and increase to a maximum cap of 8% for payrolls above $400,000.
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The difference between a $250,000 payroll and a $400,000 payroll is 3 employees making less than $50,000/yr. each. So basically, the tax is 8% on most small businesses that do not pay for their employees’ health insurance.


9 posted on 08/17/2009 12:03:31 AM PDT by Lancey Howard
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To: Lancey Howard
Not to mention the insanity of requiring businesses of any size to provide health care benefits. Benefits are what companies use to compete with other companies for good workers- they aren't a "right," they are an incentive.
30 posted on 08/17/2009 4:25:40 AM PDT by piasa (Attitude adjustments offered here free of charge)
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