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  1. #1
    Atomic Punk
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    05.16.18 @ 11:48 AM
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    Default Unemployment taxes slam businesses

    The median increase will be 27.5%. And employers in places such as Hawaii and Florida could see levies skyrocket more than ten-fold.

    http://money.cnn.com/2010/02/09/news...axes/index.htm
    "Watch what people are cynical about, and one can often discover what they lack.Ē -- Gen. George S. Patton

  2. #2
    Atomic Punk Dave's Dreidel's Avatar
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    05.21.18 @ 04:38 PM
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    That is a little misleading.

    Unemployment taxes are usually a very small tax and only on the first eight thousand or so of wages per employee (depends on the jurisdiction).

    My Virginia unemployment is roughly about $200 per year per employee. If it raises 27.5% then that raises it $55 per employee. Not a killer when it comes to tax increases.
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

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  3. #3
    Atomic Punk edwardv's Avatar
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    05.20.18 @ 08:40 AM
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    It may not be a killer but employers will use it as another reason not to hire more.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

  4. #4
    Atomic Punk Dave's Dreidel's Avatar
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    05.21.18 @ 04:38 PM
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    The decision whether I hire an employee at $100,000 a year has nothing to do with their unemployment taxes going up $50.
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

    David Lee Roth did the impossible. He made Van Halen better. Deal with it!

    A man's rights rests in three boxes: the ballot box, the jury box, and the cartridge box

    Hurricane Halen - Let's all gingery touch our sword tips!!!

  5. #5
    Atomic Punk edwardv's Avatar
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    05.20.18 @ 08:40 AM
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    Maybe not for you and your business but alot of small business owners who operate with a high volume of low wage employees use all these things as excuses. They will use any excuse to cut back and make more money for themselves which only makes the service worse at those establishments and unemployement go up.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

  6. #6
    Atomic Punk
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    07.24.11 @ 03:36 PM
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    Default

    unemployment taxes were one reason why my art gallery struggled so much. We were getting hit for several hundreds of dollars every quarter for just Luis and I. Add that to the sales, property and inventory tax and we just couldn't keep up.

    For a while we considered "firing" Luis and I and just paying ourselves cash from the daily receipts which would have saved a good chunk there.

    We also stopped reporting all cash and check sales to help reduce our tax burden.

    In the end though it was just too much...the downturn in the economy reduced our sales and our tax bills kept piling up. We had to shut it down.
    Stay out of it, dude.


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  7. #7
    Sinner's Swing! Wickett's Avatar
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    05.18.18 @ 10:39 AM
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    Unemployment taxes for the company that I work for has gone thru the roof due to reduced hours claims over the past year. We have had to reduce schedules for employees, they file reduced hours claims, and the taxes go up.

    It's a double whammy for the business, and obviously it sucks for the employee.
    Don't drink the Jim Jones punch. They're called theToxic Twins for a reason...

 

 

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