Taxcutter
11-26-2012, 09:37 AM
ObamaTax kicks in hard when a business employs 50 people or more. Obama Tax is expensive so companies are cutting work forces to avoid that tax.
http://www.nypost.com/p/news/opinion/opedcolumnists/the_ers_74rfAHiGtYU2nHmnlIhotL
quote:
“In New York, the average employer contribution for employer-provided insurance plans, runs from $4,567 for an individual to $ 12,748 for a family. Many companies will likely choose to pay the penalty instead, which is still expensive — $2,000 per worker multiplied by the entire workforce, after subtracting the statutory exemption for the first 30 workers. For a 50-person company, then, the tax would be $40,000, or $2,000 times 20.
That might not seem like a lot, but for many small businesses that could be the difference between survival and failure.”
“…Boston Scientific has announced that it will now lay off up to 1,400 workers and shift some jobs to China.”
“…Dana Holdings, an auto-parts manufacturer with more than 25,000 employees, says it to is exploring ObamaCare-related layoffs.”
“It’s worth noting that in France, another country where numerous government regulations kick in at 50 workers, there are 1,500 companies with 48 employees and 1,600 with 49 employees, but just 660 with 50 and only 500 with 51.”
“The election showed us that ObamaCare is likely to be with us for quite some time. Unfortunately, a great many workers are about to find out the consequences of that decision.”
Taxcutter says:
ObamaTax will make 2013 a year like unto 1937, when the Great Depression took a second deep dive. Like 1937 this will be all to be laid at the feet of the federal government. A lot of people will get a lot poorer so that EBT-swipers can get free health care.
http://www.nypost.com/p/news/opinion/opedcolumnists/the_ers_74rfAHiGtYU2nHmnlIhotL
quote:
“In New York, the average employer contribution for employer-provided insurance plans, runs from $4,567 for an individual to $ 12,748 for a family. Many companies will likely choose to pay the penalty instead, which is still expensive — $2,000 per worker multiplied by the entire workforce, after subtracting the statutory exemption for the first 30 workers. For a 50-person company, then, the tax would be $40,000, or $2,000 times 20.
That might not seem like a lot, but for many small businesses that could be the difference between survival and failure.”
“…Boston Scientific has announced that it will now lay off up to 1,400 workers and shift some jobs to China.”
“…Dana Holdings, an auto-parts manufacturer with more than 25,000 employees, says it to is exploring ObamaCare-related layoffs.”
“It’s worth noting that in France, another country where numerous government regulations kick in at 50 workers, there are 1,500 companies with 48 employees and 1,600 with 49 employees, but just 660 with 50 and only 500 with 51.”
“The election showed us that ObamaCare is likely to be with us for quite some time. Unfortunately, a great many workers are about to find out the consequences of that decision.”
Taxcutter says:
ObamaTax will make 2013 a year like unto 1937, when the Great Depression took a second deep dive. Like 1937 this will be all to be laid at the feet of the federal government. A lot of people will get a lot poorer so that EBT-swipers can get free health care.