Paradoxium
Making Your Head Explode
- Joined
- Dec 30, 2002
- Messages
- 22,485
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It's quite easy when it is not your money, you merely put up a face to look concerned.I guess the Senate does know how to haggle.....
Because the employer's share exists in addition to anything you see on your pay stub. I didn't add anything back. I put it there in addition, because that is exactly what it is and how it is handled.
No, this is where (I don't mean to sound arrogant, here) I understand taxation better than you do. SST and MRT are handled this way according to law: 50% of the total tax liability is borne by you. When you receive your W2 for 2008, you'll see in Boxes 4 and 6 your gross wages times a net of 7.65%. This is one reduction of your gross pay in order to get to your net pay. So, the $44,000 employee will see a total of $3,366 in those two boxes. In essence, for your own personal accounting, the $3,366 is an expense to you. It never shows on the company books--only your gross wage does. The $400 a month you pay for health insurance is the same way.
Now, what you will not see is the employer's 50% of the SST/MRT liability. They also pay $3,366. This expense is on their company books, along with your gross wage of $44,000 and the half of your health insurance premium they pay for you of $4,800. So, employee DNNO has a total of $44,000 + $3,366 + $4,800 in expense associated with employing him, which is a total of $52,166. Assuming these are the only expenses, $52,166 is the cost of employing you to the company.
I'm mistaken, here. I thought (without reading the article) that the $69/hour was the hourly pay rate to the employee, not the labor cost. I stand corrected.
well dnno...I hope you're happy now, more of MY money is going to pad executives pensions and compensation packages....I hope you're happy knowing that taxpayers are helping rich people buy that 6th gold toilet....
well dnno...I hope you're happy now, more of MY money is going to pad executives pensions and compensation packages....I hope you're happy knowing that taxpayers are helping rich people buy that 6th gold toilet....
Actually it's just a loan (as I suggested). and they will be paying it back faster than any of us normally would.
Actually it's just a loan (as I suggested), and they will be paying it back faster than any of us normally would.
I guess the Box Office crystal ball has come to the Political Forum.....
There is no guarantee they will pay that money back....and how would the government collect if they didn't anyway??
On paper is one thing, but how what if they don't pay it back...how would the government go about getting payment...would they seize property? what would they do?
This isn't magic, it's just common sense if you put aside your partisan tendencies.
This isn't magic, it's just common sense if you put aside your partisan tendencies.
Well at least if they run the business into the ground, they can blame it on the government for micromanaging everything. Their competitors meanwhile will be able to adapt and calibrate to market turbulence and be able to adopt any new breakthroughs without having to run through red tape.All three restructuring plans are heavy on promises to build the "green" cars that a Democratic Congress wants built. GM promises 15 hybrid models by 2012 and 37 miles per gallon on average for its cars. Chrysler commits to putting flex-fuel engines, which can run on ethanol or gasoline, in half of its cars. Ford promises to save 16 billion gallons of gas by using "advanced technology" and to invest $14 billion to improve fuel efficiency.
All three CEOs also drove to Washington in hybrid vehicles as penance for their private-jet flights back in November. This bit of political obeisance was supposed to show that they’d gotten religion both on their perks and their carbon footprint. But it may not have been enough. One Congresswoman wanted to know why they couldn’t hit a 50-mpg fuel-economy target by 2015. Another asked whether, maybe, they weren’t selling enough cars because everyone in America was waiting with baited breath for the coming revolution in fuel economy.
After Barney Frank was done roughing up the CEOs, he hustled them out to hear from David Friedman of Union of Concerned Scientists and Jeffrey Sachs of the Earth Institute. Mr. Friedman warned the Members not to give one inch on fuel-economy standards and not to relax the environmental strings attached to the $25 billion Congress has already made available to the car companies.
You get the picture. If there was ever any question whether Congress actually wants to "save" Detroit, this week dispelled it. This is not a bailout that Congress is debating. It is a federal takeover. We don’t mean that in the sense that the feds will own the companies on paper, although that can’t be ruled out. What Congress wants to own is their business plan, and Detroit seems prepared to oblige.
On paper is one thing, but how what if they don't pay it back...how would the government go about getting payment...would they seize property? what would they do?