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Carol Cooper

You must not have any employees. Are you aware of the fact that the employer matches the FICA and Medicare contributions of each employee up to a certain ever-increasing maximum? This increases the gross salary by over 7%. Then there's the unemployment tax, at state and federal levels, which the employer pays. And if the employer has a qualified plan, there are non-discrimination requirements that will require coverage after a certain point. These are old, long existing tax laws, and the coming requirements under ObamaCare pile more taxes on top of those. Have you bothered to research these tax issues before blogging that hiring is a non-taxable event?

Chuck Newton

I don't have any employees. Isn't that great! I use to have. I use to run a rather large law firm with many employees.

But, I was not referring to FICA, Medicare and the like. Those are paid by the employer or the self-employed a like. These are the cost of hiring someone. But, the employer does not pay tax on the salary, its portion of the FICA, Medicare etc. So, it is still a silly argument to state they will not hire employees they claim they will normally hire because the Bush Tax Cuts end. If they are going to hire anyway, they would have already considered FICA, etc. The Bush tax cuts concern themselves with income taxes, and they would not increase on that money paid to an employee. It applies only to profits, after all legitimate business expenses are taken.

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