Quote:
Originally Posted by IllTestYourGirls
You are missing the point. A business maybe doing better and could benefit from hiring one or two more people but since the government threatening higher taxes and more regulations that business will decide not to hire. The reward for the risk is not high enough.
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If the average revenue per head is $100K and the average cost per head (salary, benefits + taxes) is $60K why wouldn't you hire?
The higher taxes would only be on that $40k profit, minus any additional costs not factored into into the above.