[oarsinsync]

>> 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

[jonathankoren]

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.

[oarsinsync]

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.

[tonyarkles]

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)

[robotresearcher]

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.

[tonyarkles]

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.

[robotresearcher]

Absolutely. If you add decent insurance to income taxes as a basic cost of living, it's cheaper in Canada. I moved to Canada from California and even before becoming a permanent resident I needed to use the health service as a family member was sick. I will be forever grateful for the excellent service and zero cost at point of use even for my family as (tax paying) temporary workers. I'm now raising Canadian kids to do their part to pay back the system that saved their mother's life.

[paulie_a]

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