High unemployment depletes fund (Tax on Employers will go from $8 to $100 per employee)

Tampa Bay Fox TV ^ | 11/18/09 | Kristin Wright

[Recovering_Democrat]

TAMPA - Business owners in Florida are about to get hit with a big tax hike: starting January 1st, all Florida businesses will have to pay skyrocketing unemployment compensation taxes to replenish the unemployment compensation trust fund.

[Recovering_Democrat]

January 1, 2010!

Get ready to get hosed, Florida.

[Recovering_Democrat]

Heads up for Florida.

[Recovering_Democrat]

With the tax hike, the minimum tax will jump from $8 an employee to $100. The maximum will climb from $378 a worker to $459.

[elpinta]

Are they trying to copy California success??? /s

[max americana]

Rush will be heading to Texas then.

[RC2]

This will result in more layoffs. At that point, companies will go out of business. Florida will even less money.

[BookmanTheJanitor]

That will really help businesses hire new employees (rolling eyes extreme sarcasm)

[max americana]

It’s already dead here. Sundays in DT L.A. is a ghost town. Went to Carl’s Jr and there were 3 customers, including myself at 2 pm. And this was the financial district..

[1776 Reborn]

Incredible. We are going to get to the point where taxes just won’t be sent in. Isn’t that what happend in Russia?

[Pecos]

So.....you can retire there, you just can’t find a job there.

[GeronL]

Time to fire all those marginal employees.

[elpinta]

Yeah, not surprising... the only time I go to KA is either in-transit or to visit family.

Sad, used to be a thriving place just not that many years ago when I lived there.

[KarlInOhio]

With the tax hike, the minimum tax will jump from $8 an employee to $100. The maximum will climb from $378 a worker to $459.

Per day? Per week? Per month? Per year? The article gives no hint of how expensive this really is. $100 for a year for a full time minimum wage employee is under 1%, so I doubt it is a per year rate.

[elpinta]

I am not sure if retirees are/will get the shaft a well.

[Hoodat]

TAMPA - Business owners in Florida are about to get hit with a big tax hike

Tax something, and you will have less of it.

[Spirochete]

This will result in more layoffs. At that point, companies will go out of business. Florida will even less money.

Liberals and bureaucrats have a childlike understanding of economics.

[TSgt]

Time to fire all those marginal employees.

My company did that already and is now burning out the high-performers.

[PugetSoundSoldier]

So.....you can retire there, you just can’t find a job there.

But they'll make sure there's plenty of tax dollars in the UI pot so you can at least get your unemployment check!

[SouthTexas]

You can’t keep paying people not to work!

[sr4402]

Get ready for Higher Prices Florida! Businesses will have to pass this on or FIRE MORE EMPLOYEES! DOH!