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The Water Cooler
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is a 9.00 dollar minimum wage the answer?
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<blockquote data-quote="Belthos" data-source="post: 2104645" data-attributes="member: 24944"><p>I agree, and between the $9 minimum wage and the $2000 penalty, per employee, for no insurance once you hit 50 employees, I came up with an incremental cost for employee #50 of $100,100 + wages. That's a huge barrier to entry into a bigger business.</p><p></p><p>The combined cost of new insurance and new minimum wage laws will be $5500 extra per employee or around $2.64 an hour, all of which will not include the increased payroll taxes each of these bring to bear, considering that currently $14872 a year is full time minimum wage that is nearly a 37% cost increase and that's not a laughing matter to companies. </p><p></p><p>Even stranger according to the news it was a $2000 penalty per employee for no insurance and a $3000 penalty per employee if you gave them insurance but it wasn't deemed good enough.</p><p></p><p>It's clearly just going to motivate businesses to give no insurance even if they do now so they are out a simple $2000 per person per year and let Obamacare cover us.</p><p></p><p>Under the current United States Tax code less than 50% of the people working in this country pay a net positive amount of taxes especially if they have single parent families they can get something around $5800 - $7000 a year in tax credits, money they get back in a refund even if it exceeds the total amount of tax due. </p><p></p><p>The problem is this will look like a great idea to many of them, just because they don't pay taxes doesn't mean they do not vote for president.</p><p></p><p>Belthos</p></blockquote><p></p>
[QUOTE="Belthos, post: 2104645, member: 24944"] I agree, and between the $9 minimum wage and the $2000 penalty, per employee, for no insurance once you hit 50 employees, I came up with an incremental cost for employee #50 of $100,100 + wages. That's a huge barrier to entry into a bigger business. The combined cost of new insurance and new minimum wage laws will be $5500 extra per employee or around $2.64 an hour, all of which will not include the increased payroll taxes each of these bring to bear, considering that currently $14872 a year is full time minimum wage that is nearly a 37% cost increase and that's not a laughing matter to companies. Even stranger according to the news it was a $2000 penalty per employee for no insurance and a $3000 penalty per employee if you gave them insurance but it wasn't deemed good enough. It's clearly just going to motivate businesses to give no insurance even if they do now so they are out a simple $2000 per person per year and let Obamacare cover us. Under the current United States Tax code less than 50% of the people working in this country pay a net positive amount of taxes especially if they have single parent families they can get something around $5800 - $7000 a year in tax credits, money they get back in a refund even if it exceeds the total amount of tax due. The problem is this will look like a great idea to many of them, just because they don't pay taxes doesn't mean they do not vote for president. Belthos [/QUOTE]
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