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To: FreedomNotSafety

Did you learn that in your high school economics class?

That’s how I used to think, too.....before I ran my own business for 40 years.


131 posted on 02/04/2019 7:06:52 AM PST by shelterguy
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To: shelterguy
When you calculated how much an employee cost you to employ you didn’t include that amount? When you set pay rates you didn’t also factor taxes and benefits paid by you for a total compensation cost package?

If an employee cannot earn enough to cover their entire compensation, including taxes and benefits paid directly by the employer, then you will lose money on that position.

You may have wrote the check but your employees earned it or you would not have hired them. - FreedomNotSafety

Did you learn that in your high school economics class?
Learned some little economics in a couple of college classes, yeah.
That’s how I used to think, too.....before I ran my own business for 40 years.
Income taxes - and that’s what the “payroll tax” is - create a “wedge” between what the employer pays and what the employee gets. And it feels to the employee like he pays the whole thing, and it feels to the employer that he pays the whole thing.

And I respect the fact that the employer takes pride in treating employees well, and hates laying them off. Not as bad as the employee hates to be laid off, of course, but . . .


134 posted on 02/04/2019 7:32:02 AM PST by conservatism_IS_compassion (Socialism is cynicism directed towards society and - correspondingly - naiveté towards government.)
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To: shelterguy

Owning your own business taught you that the total cost of an employee didn’t include the taxes you paid for them? Must have been some business.


164 posted on 02/04/2019 6:45:09 PM PST by FreedomNotSafety
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