On Sat, 06 Jun 2009 16:48:57 -0500, Vic Smith
wrote:

On Fri, 05 Jun 2009 07:50:31 -0400, BAR wrote:

Eisboch wrote:

"Vic Smith" wrote in message
...
On Fri, 5 Jun 2009 04:55:45 -0400, "Eisboch"
wrote:


It was a legitimate question. Currently, employers match dollar for
dollar
the employee SS tax contribution. If you remove the employee cap, by
default you remove the employer cap.
Can't be too careful with you tax and spend liberals, you know.


What's the cap now? Over $100k I think.
Check small business wages.
Here's one source.
http://www.inc.com/news/articles/2008/07/salaries.html
About $32k.
Might affect 1% of small business wage earners - if that.
So the guy making a million will add what 30 small business wage
earners add.
Maybe the boss will say "Hey, have to cut your salary 7% of everything
past $100k so my business doesn't suffer. So now you're only making
$937k."
Think the guy will quit because he's now kicking in only what 28 small
business wage earners are kicking in?
Might be a tremendous insult to him, thinking he is being devalued.
Not sure.

--Vic


It depends on the business. There are many small businesses with
employees that have salaries over 100K, particularly in high tech or
engineering fields.

What is the effect of a 2.5% increase in SS taxes on a large business?
All of the employees don't get a raise.

Democrats don't understand that once the juice is squeezed out of the
orange it is gone for everyone.

It depends on the business, and the wages paid.
This week at my wife's work they cut everybody back to 4 days.
Large national business and low wages. Food service.
Average wage is less than $20k.
Health care deductions are $5k. Close to 25% of gross.
Now, with a day cut off, health care is closer to 33% of gross.
They wouldn't mind a 2.5% increase in SS taxes if it brought
down their health care cost.
Care even less about caps taken off the +$100k crowd.
Wouldn't give a **** about any "no raise" threat either.
Most hardly ever get a raise anyway. They are maxed at @$10 an hour.
There are plenty more workers just getting by than those making
+$100k. Get them politically active and they *will* redistribute some
of the wealth.
That's happening now. Unstoppable.
Clinton and Bush have virtually destroyed the country, making us
essentially vassals of the Chinese.
BTW, my kid's girlfriend just got a $5K pay cut. Not sure if her
company qualifies as large or small. That's maybe a 10% pay cut.
I heard yesterday in a Senate hearing the real unemployment rate is
16% and change, including discouraged/underutilized.
I fully expect it to get much worse.
I would guess that most employees today whining about not getting a
raise are told to pound sand.
Almost went back to my old job just last November at +$100k.
I was getting bored and figured I'd pad my nest a little.
It was on the launch pad Then killed a week after it was hot.
Bad timing. Can't say I'm disappointed though.
Since then lots of layoffs. Bad atmosphere.
They were dead and didn't even know it.
Pretty much like the Reps.
I was a bit surprised they were actually serious in wanting me back
given where I saw the economy going.
But many people in their own little +$100k worlds have no idea of the
wider realities.
Especially that they are very small voting block.
Real noisy though.
When/if SS caps are raised, or SS taxes are increased, or a national
health care plan is installed, the "little guys" will vote for the
pols who get it done. Save SS. Make health care affordable.
Obama is the new FDR to them.
Even to the old folk Reps when the Reps try to "take their SS away."
Only chance the Reps have is to become the tariff party, or the
"Reindustrialize America" party. Fat chance.
Anything else they say will just be laughed at.
Dems are still weak there, globalists that they are.
But Obama may steal that thunder too.
The writing is on the wall.
And it says "It's the economy, stupid."

--Vic

Not to fear, Vic, Obama will fix what the Democrats broke.

No sweat. Sing praises to Barney.
--
John H

"I'd rather be a Conservative nut job than a Liberal with no nuts and no job!