Posted on 11/19/2009 11:40:40 AM PST by 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.
(Excerpt) Read more at myfoxtampabay.com ...
The government raises unemployment to 10% and punishes businesses for its mistakes.
Tell me again, why would anyone want to start a business?
Results of the Stimulus @ work!
Still, its hard to believe the world is going to end or that anyone will lose a job over $92 per employee per YEAR (that would be 4.4 cents per hour for a full time employee).
The dollar values given are total ANNUAL unemployment taxes per employee being quoted, not weekly or monthly levies.
If a 10 person business is going to go out of business over $920 of new taxes, they are probably going to go out of business anyway.
Or, just as important, if you do run a small business, why continue to do so?
Watch the mass exodus of businesses that have been fleeing CA to FL now flee from FL to TX.
That is the minimum amount. MINIMUM, per employee. And as has been p0ointed out, what is the periodicity for this?
IF it is yearly, maybe no big whoop. Weekly? That is another issue entirely, n’est pas?
I’m glad we visited Tampa last summer. I can only imagine what a ticket will cost for Busch Gardens next summer. There were scads of employees everywhere. I was impressed by the overall cleanliness and efficiency of the park.
If it runs well, the libs will find some way to wreck it. :(
add all the other fee hikes that we are seeing here in florida and it WILL probably put some out of business...
So, is this a month, per payday, annually.
Yikes.
You assume there are any marginal ones left.
Doesn’t this guarantee massive layoffs?
After spending most of my life there, I would answer unequivocally YES! It seems to follow a pattern at times.
Probably per quarter.
They are going to kill us all, every single man, woman, and child, if not through direct and personal application of the sword of the state, then through the destruction of every means of livelihood that we possess.
The maximum per employee is something like a few hundred dollars per year, and is going up by about $90 per year also.
And as has been pointed out, what is the periodicity for this?
Its an annual levy of a couple of percentage points on the first $7000 or so of wages (so the people most impacted are part time workers and those earning minimum wage).
Don't you guys look at your own paystubs though? A lot of employers charge it directly to you.
Well, lets blame that on the other fee hikes then, since they are then the obvious culprits.
Not so, Unemployment insurance IS paid by the employer. Having said that, those are monies charged per employee, hence monies that COULD be paid to the employee.
I guess using that logic, this national healthcare is ok with you, money wise, it’s just a few dollars anyway, not likely to break too many companies, especially since the cost will probably be passed to the employees anyway.
A friend did me a favor by throwing me some work this year. I made $3400 dollars from him throughout 2009. Being the honest guy I am, I reported it to Unemployment, they are now charging him $100/week for my unemployment. Unfrikin’ believable.
The minimum annual rate
— charged to an employer with a solid history of retaining employees — will jump almost twelvefold, from $8.40 per employee to $100.30, revenue officials said Wednesday. The maximum rate, currently $378 per employee, would rise to $459.
Presuming they don't pass it directly along to you. My employer charges me $3.10 per biweekly paystub for "PA State Unemployment Insurance", or $80.60 per year.
Having said that, those are monies charged per employee, hence monies that COULD be paid to the employee.
I'm not sure what you are expecting me to disagree with here. I'm just pointing out that this "catastrophe" is being hyped up over $92 per year per employee. That's a rounding error for most payrolls.
I guess using that logic, this national healthcare is ok with you, money wise, it’s just a few dollars anyway, not likely to break too many companies, especially since the cost will probably be passed to the employees anyway.
Where did you get that from? A new 8% payroll tax on the entire payroll of every company will be a killer.
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