It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
I own a small business. Will I have to buy health insurance for my workers?
No employer is required to provide insurance.
But starting in 2014, businesses with 50 or more employees that don't provide health care coverage and have at least one full-time worker who receives subsidized coverage in the health insurance exchange will have to pay a fee of $2,000 per full-time employee. The firm's first 30 workers would be excluded from the fee.
However, if you have a firm with 50 or fewer people you won't face any penalties. In addition, if you own a small business, the health law offers a tax credit to help cover the cost. Employers with 25 or fewer full-time workers who earn an average yearly salary of $50,000 or less today can get tax credits of up 35 percent of the cost of premiums. The credit increases to 50 percent in 2014.
There are about 4.5 million
Though the U.S. Census doesn't specify the figure for 50 employees or fewer, it does specify some other statistics.
Not counting firms with no employees, there are 2,777,680 with 1 to 4 employees, 1,043,448 with 5 to 9, 632,682 with 10 to 19, and 526,355 with 20 to 99. If we assume 3/8 of that final figure falls in the 20 to 50 camp, then there are 197,250 with 20 to 50 employees. The sum total of all of those is 4,651,060, so because of the uncertainty with that final group we can assume the actual figure is somewhere between 4.5 million and 4.75 million firms with 50 or fewer employees.
Originally posted by Shadow Herder
reply to post by beezzer
Doesnt matter what is posted or the opinion of the blow horns. Obama will get re-elected. Romney will make money and split votes.
its all a play and you people are playing the fools.
The methodology is known as the Cloward-Piven Strategy, and we can all be grateful to David Horowitz and his Discover the Networks for originally exposing and explaining it to us. He describes it as:
The strategy of forcing political change through orchestrated crisis. The "Cloward-Piven Strategy" seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.
Originally posted by beezzer
The truth is that millions will lose their jobs, the economy will sink further, and government will step right in.
The economists, from several local universities, the Federal Reserve Bank of Boston, and other organizations, noted the Massachusetts economy has expanded faster than the nation’s and the unemployment rate, 6 percent in May, is more than 2 percentage points below the national rate of 8.2 percent. Employers are hiring, the housing market is stabilizing, and state tax collections are growing.