So funny story. I've got six months of payroll reports open in front of me right now. It cost me 11 grand to pay my employees 95 grand and I am paying zero benefits. The shittiest Blue Shield plan Costco can find me will be 20 grand on top of that. In other words, to pay $15 an hour (for example) with no benefits costs me $1.73 an hour. To pay $15 an hour with benefits? Gonna cost me $4.85 an hour. WA has no state income tax. Amazon is coming out ahead paying your son $3-5 extra an hour to not give him benefits, even though your son is the cheapest demographic on earth to insure.
I don't understand your point. My argument is that there are costs associated with paying wages, not that I begrudge those costs. The only reason I have payroll reports open in front of me is I'm meeting with accountants tomorrow to figure out a way to pay benefits and retirement when our income is from medicaid and insurance. How, exactly, am I the bad guy here?
You aren’t, I’m just saying I’m jealous that you are rolling in mad government money. The fact that you are paying 11k of 94k in wages is a testament to how misalocated the stimulus is but also to being the in class. Or did I misunderstand your point and that 11 is payroll taxes? I
LOL that'd be dope AF No. Federal and state governments charge us eleven thousand dollars in order to pay our employees ninety five thousand dollars, for a total expense to us of one hundred six thousand dollars. That ninety five thousand dollars, of course, is subject to taxes the employees must pay the federal and state government. You're absolutely right in that corporations are receiving thunderous amounts of money. We needed to attest to the fact that our business has been "impacted" by COVID (which it most certainly has) in order to get 2 1/2 months of payroll and an additional $5k grant. HHS also publicized that they had money, too - if you can demonstrate that you serve a properly medicaid-heavy clientele in a properly medicaid-heavy neighborhood they will grant up to 2% of patient revenue. That worked out to like $11k. Looking at it a little more closely, the PPP money worked out to be a little less than the government would have paid out in unemployment benefits. As good and proper capitalists, we did not immediately turn around and give everybody bonuses. Well, we did. Just not for the whole thing. 'cuz if a patient comes in and gives us COVID it'll cost at least that much to shut down. It seems like a fuckload of money. And then you start adding up how much you stand to lose.The fact that you are paying 11k of 94k in wages is a testament to how misalocated the stimulus is but also to being the in class.