And we wonder why we have to buy CHEAP Made in China crap...cuz we have to pay taxes, ss & Medicare, state and local taxes, taxes on utilities and just about everything else.
“And we wonder why we have to buy CHEAP Made in China crap...cuz we have to pay taxes, ss & Medicare, state and local taxes, taxes on utilities and just about everything else.”
When I last had employees of my own, the cost was 1.45 times their actual pay. I’m sure it’s more now as I didn’t supply insurance. At GD they paid about $7,500 and I paid about $3,300 per year for a gold plated policy (that today would be taxed by Obamacare.) On average the insurance package added between 10-20% of total compensation.
If you have a business that required yearly tax payments then that’s a significant business expense. Then the government insists you have bonds and other things. A few months ago I called five pluming companies and the first four were out of business. (They’d mostly been in business for at least the 15 years I’ve been in town.)
The burden of the government’s piece of the cake very hard on the baker.