Quote:
Originally Posted by ocean_314
Obama is promising to take the cap off of the social security taxes that a business pays. This means for most business paying an extra 7.5% taxes off the top.
For me to pay this extra tax I am going to have to lay off some of my low level workers because I can not lose my sales force and management. And I am sure that most companies are going to have to face the same choices.
Personally I think you would have to be a fool to risk people’s jobs to vote for Obama.
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yes, i feel for you. since this affects only those people who make more than $102,000 annually, it will cost 7.2% (the other 0.3% for medicaid was never subject to a cap) of your wages which exceed $102,000
now, lay off those low wage employees to cover the difference and tell us how it is Obama's fault that you will soon lose the social security contribution subsidy for high wage earners. we will be here shedding a tear for your personal misfortune while applauding Obama for finding a common sense solution to fixing the social security shortfall problem