This question isn't about the minimum wage even though it is mentioned.
These are a few of the taxes I pay as an employer.
6.25% Soc Sec (employer contribution)
3.6% Unemployment Tax
3.2% Workers Comp
3.4% State Surcharge (now required for if gross unadjusted income is over $250K
That is a total of 16.45% I pay on EVERY dollar you earn as my employee. This is based on the gross amount, not the net.
Based on the wages I pay, this is more than $3.00 per hour...that would be an extra $120 a week. Wouldn't YOU rather have this money in YOUR pocket?
Answer by yourspecialkid at 9:05 AM on Jun. 10, 2010
Answer by Anonymous at 9:09 AM on Jun. 10, 2010
Answer by tyme4me2day at 9:17 AM on Jun. 10, 2010
Answer by AutumnLybbie at 9:23 AM on Jun. 10, 2010
Answer by yourspecialkid at 9:37 AM on Jun. 10, 2010
This is the main reason why I have not started my business yet. I would have to have an employee and it just would not be worth it. The only problem though with what you are saying is that most employers would pocket the extra $3, not give it to the employee. I know my boss would. Heck, if there wasn't a minimum wage, she would probably only be paying us $4-5 dollars an hour.
Answer by Anonymous at 9:39 AM on Jun. 10, 2010
AL, she wasn't saying that she wanted more profit (although businesses don't run on dreams and fairy dust), what she was saying is that employees would make more if the employer wasn't eaten alive by taxes. You are so set in your blame business owners mindset that you have no perspective. Just tunnel vision. Nobody is interested in your response if you aren't going to read and answer the actual question.
Now go ahead and respond that you did read the question and that you think the OP is only interested in her bottom line. Annnnnnnnnd . . . GO.
Answer by Anonymous at 9:41 AM on Jun. 10, 2010
Answer by Anonymous at 9:44 AM on Jun. 10, 2010
Answer by gertie41 at 9:50 AM on Jun. 10, 2010
Answer by AutumnLybbie at 9:51 AM on Jun. 10, 2010
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