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Old 11-26-2009, 01:03 AM
 
Location: Mesa
3,977 posts, read 8,600,441 times
Reputation: 3394

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One factor contributing to the increase: The state used to tax only on the first $7,000 of an employee's wages. Now it will take a percentage of the first $8,500.

That's part of the problem. FL only taxed on the first $7,000 of wages for years. Instead of a huge % hike, they should have raised the compensation cap. I'm in NM now, NM charges on the first $20,900 of wages. I didn't care for it at first, but I have to admit, a lower rate that taxes on a higher wage cap allows employers to spread the cost out over the year, rather than being hit in with such a high tax the first quarter.

Wednesday's news also ignited anew the debate over Florida's rejection of $444 million in federal stimulus dollars tied to unemployment compensation earlier this year.

The Republican-controlled Legislature rejected the funds, saying they came with too high a price tag in forcing the state to expand its pool of unemployment beneficiaries. House Majority Leader Adam Hasner of Delray Beach and other Republicans said accepting the money would have hurt businesses and created new entitlements.


That didn't help matters either.
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Old 11-27-2009, 10:01 AM
 
316 posts, read 947,888 times
Reputation: 141
Quote:
Originally Posted by Spring Hillian View Post
If income decreases the ability to pay salary drops accordingly. You start cutting back on the staff. How is that "cracker logic"? Should they do like the big boys up North and apply for federal bailouts?
must have slipped my mind to detail tha tpost - the reason it's cracker logic is because they slashed some key talent and basically used the 'good ol boy' scheme.
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Old 12-01-2009, 10:28 AM
 
Location: Spring Hill Florida
12,135 posts, read 13,205,272 times
Reputation: 6009
I guess you were one of the key talent? The good ole boy network works everywhere. Its not what you know, its who you know.

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