Originally Posted by cutthemdown
what if the business also getting hit with Obamacare cost increases? Also capital gains went up 5% on that same bracket so it all adds up.
It wasn't that long ago when cap gains was 25% and income taxes were higher......the economy was booming and we had a surplus.
The effects of adding health care will vary from business to business, and in many cases, long overdue. The only time I recall not providing healthcare to employees was when we had part time employees in a service industry. For the country to move forward, we really need to 'unhitch' healthcare as an employer obligation and allow individuals to obtain coverage on their own account.
That will require some 'progressive thinking' by both parties. So it will be a while.