Quote:
Originally Posted by Cheaper2buyit
I am self employed and only shop at major stores. my tax guy told me if I ever got my lazy ass up & hired people then the insurance bill won't hurt because of write offs. I do the bill gates thing & donate stuff all time. ( like the save a stripper baby momma fund). & I like you too dirty
|
Cheap, I own several businesses of different types, while it is true that there are some tax write offs for insurance, they are not enough to offset the cost of insurance, maybe you should follow the Timothy Gietner (sec of treasury not sure of the spelling), plan and simply dont pay them
After factoring in the cost of providing insurance to the 60 people I employee below the managerial level, it is going to break down to this with regard to costs for me.
In order to pay for this I have to raise the cost of my products .50 a unit:
I cant do that to my customers so it comes down to this:
I am going to have to increase prices per unit .25 cents.
I am going to have to absorb or eat a .25 cent per unit loss because I dont wish to raise prices on my customers.
This was factored based on avg total number of unit sold per month. This is one of the exceptions that I have when I hear people talk about how they cant wait to get their free insurance. Nothing in life is free, someone, somewhere is paying for it.