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by SneakyMission 3080 days ago
> I wish every small business could be paid to create jobs.

They already do! It's called revenue.

1 comments

>> I wish every small business could be paid to create jobs.

>They already do! It's called revenue.

I give you a job. I pay you $500. You generate $100 of revenue.

I'm pretty sure I just lost $400, you gained less than $400 after taxes, and the IRS gets to enjoy the spread.

Edit: changed to reflect that there are more winners than just the IRS

1. You're a bad employer, if you're losing $400 per employee, and deserve to be run out of business as per capitalistic market efficiency.

2. I just "won" $300.

1. Agreed.

2. Agreed-ish. Assuming 40% tax, which seems high (unless you live in a country that has nationalised health care)

3. Neither of these things relate to being paid to create jobs. You're not wrong, you're just not on thread.

Just for reference, 40% tax is still high for a country with nationalized health care (Canada):

https://simpletax.ca/calculator

At $150k/yr, your marginal tax rate is close to 40%, but your overall tax rate is more like 31%. I'm in Saskatchewan, and every time I've played with different income levels, taking into account the exchange rate, we end up paying very similar amounts of all-in income tax, with ours including (most) health care. (Comparing with California)

Once you consider the typical US co-payments to actually use health care, it's cheaper in Canada. Getting an MRI in California cost me close to $1K out of pocket, despite fancy insurance that paid most of it. In Canada it's pre-paid in taxes.
Also when you consider that we don't have to pay anything for insurance to cover that. The MRI costs $0 out of pocket, covered by the healthcare that is already factored into our equal-cost taxes.

There's still a benefit to having health insurance for covering stuff not covered by the gov't plan: vision, dental, some fraction of prescription drugs, etc. I do have a health plan through work, but I think it costs somewhere around $50-75/month to cover all of that stuff for my family.

1: isn't that the business plan of most vc backed startups