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by megaman22 2953 days ago
This seems a little silly - it's an irritation, but it's not big enough to amount to anything really. If anything, it hurts lower-end positions more than any other, since it's a flat head tax. If you're counting the beans closely, it starts to make sense to hire 9 people with the salary you might have allotted to 10, and so forth.

All this would really seem to do is piss off Amazon and Microsoft and the other big players, which is kind of cutting off your nose to spite your face.

4 comments

Most Microsoft employees are in Redmond, which already has employee taxes at $106.90/yr, or $0.056/hr for part-time work: http://psbm.net/licenses-taxes/redmond.html
$275/year comes out to a little more than a dollar per business day. With minimum wage being $15/hr in Seattle, this amounts to less than a 1% salary tax even in the maximal case. Making it vary with salary probably wouldn't have much if any impact.
It certainly seems negligible, but it's still makes it more expensive to employ people. Seems like this kind of stuff helps raise the unemployment rate.
It only applies to companies that make $20 million a year. At that point, I don't think someone is going to say we won't an extra person because it's the tax. The $15 minimum wage but the companies a lot more. This is essentially thirteen cents an hour tax.