Posted by Mike (WA) on January 22, 2010 at 12:34:01 from (69.10.199.3):
In Reply to: Re: OT- Rockin' Chair posted by jhilyer on January 22, 2010 at 11:19:44:
I pay unemployment tax at a rate of 1.75% of wages. So if the lad was working for me at $30,000 per year, his unemployment "pay-in" would be $525 per year, so he ate up his pay-in by about the 5th week (he's worked about 5 years- is only 24 yrs old).
Assuming he works 40 years at $30,000 per, with no other layoffs, he'd pay in about $21,000 lifetime. He's been on rockin' chair for about a year and a half, so has taken over $40,000 out of the system so far, and no end in sight.
Another negative incentive to finding work- he's home taking care of the kids now, so day care costs of several dollars an hour are saved. But that isn't as big a deal as it sounds, because if he were working, they could get much of day care paid for under yet ANOTHER nanny-state program. As Rush says, "It just continues. . ."
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