crazylibertarian Loc: Florida by way of New York & Rhode Island

Instant Recipe for a Tax Revolution?


Look at your most recent pay stub with your Social Security & Medicare withholdings. Then realize that your employer matches those amounts, usually dollar for dollar.

But it gets worse. In the various, so-called, progressive states, such as The People's Republic of Rhode Island, where I lived for many years, there is a matched withholding of about 1% from the employees' pay for unemployment insurance. The employer, depending on his unemployment history, has to match that, and sometimes it's three to four times it. In some cases there are other withholdings.

With regard to unemployment compensation, the requirements are easily met. Employer challenges are usually decided in favor of the former worker. It has led to the description of "Oh," he or she "is collecting," which everyone knows means unemployment insurance. While they're 'collecting,' they frequently would work for other employers 'under the table.'

There is a subset of people who go to work for the required time, provoke some kind of a confrontation with an employer or supervisor, then quit or get fired, then go out to collect until it runs out when they go to their next employer. I had a female receptionist, who did that. Her husband came to office and act belligerent. I had to warn him, then they left together & she filed for unemployment.

I objected but her father was very politically connected and she was granted benefits. My wife and I saw her a few months later. She was a clerk at another store and we figured she was preparing for another episode of unemployment.

The ultimate point is that all of these withholdings and their matches would have been part of the employee's paycheck were it not for these government mandates (they call them) benefits.

And its all withheld so the employee never sees it and doesn't miss it. It's time for the public to know about the costs of government largesse.

Kevyn

Nope, companies would keep the money. Pay is lower in low tax states than high tax states. As is quality of life, educational achievement and longevity.

crazylibertarian Loc: Florida by way of New York & Rhode Island

Unproved assertion but conservatives are used to that from you.

Kevyn

All supported by statistics from solid sources.

crazylibertarian Loc: Florida by way of New York & Rhode Island

Any 'statistics' you cite, I regard as suspect. Margins of profit within most industries are remarkably similar.


Besides, you obviously missed my point was about how much money is extracted from all Americans' income. When people become aware of it, they are astonished. If everyone becomes aware, they would be astonished.

F.D.R.

Years ago I had an employee who wanted to be fired so he could collect so he only did the minimum required and then began taking time off which made it tough on the others and I was preparing to fire him when I accidently overheard him talking on the phone complaining that despite his attitude and taking days off I didn't fire him and he was getting frustrated because he was loosing money for the days he took off. The following week he was out for three days and his wife called me to say that they would understand if I fired him to which I replied No, I understand, it's okay take all the time he needs. That week he quit.