When you add it all up, it costs $74,000 to put $44,000 in Sally's pocket and to give her $12,000 in benefits. Bottom line: Governments impose a 33% surtax on Sally's job each year.He concludes:
A life in business is filled with uncertainties, but I can be quite sure that every time I hire someone my obligations to the government go up. From where I sit, the government's message is unmistakable: Creating a new job carries a punishing price. [Emph. added]RTWT for the details.
Pres. Obama's economic initiatives, particularly Obamacare, seem aimed at making the costs of employing a worker not merely higher but also more uncertain and, hence, risky.
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