Watching WalMart

[rtc]

RTC, In 2004 I owned retail stores in St. Louis and Minnesota and I'm pretty certain I was paying unemployment taxes for my employees. Clearly you are sharp enough to point out all these semantics. So I have a feeling you get my points on the issue of unemployment.

I believe I addressed that in response to SWGB.

 

[rtc]

That's where your wrong. Each employer has an account with the state. A friend of mine was HR Director for a company with anywhere from 200-400 employees depending on season. He specifically fought unemployment claims that were bogus (i.e. employee quit, was fired for good reason, etc.) specifically so that when the season ended and employees were getting unemployment benefits the company did not have to pay into the fund once the fund was depleted.

Why does the employer pay into unemployment? They pay it because it's a safe guard for the employee in case said employer goes out of business. Lets not turn this into a "business's are taxed unfairly" argument.

A company's tax rate is adjusted based on "experience", if the company contributions are insufficient to cover claims-the claims are paid from the general fund and the rate is increased.

There are many reasons unemployment compensation exists in the current form not just to protect from going out of business.

I didn't speak to fairness (or unfairness) of any taxation.

 

[Bob]

You pay a penalty, default and take the hit, transfer the lease, renegotiate .........

Ideally you have deficiency insurance that allows you to cancel a lease in event of financial hardship or major health problems. ........." no one carries deficiency insurance, you are responsible for the remaining payments until disposition. you cannot transfer a lease unless you find a highly qualified idiot willing to make you a charity case. paying a penalty is for condition/miles. You cannot cancel a lease. you can walk away after the dealer laughs at your renegotiation request......"



Or the fact that anything over 27 weeks is atypical and considered long term. Which is why 26-39 weeks has been the legal maximum for years.

..would you consider our unemployment rates and current economic stagnation atypical?