The Forgotten Employer

There are plenty of arguments from the New York Times, Time and others on the political left why the American job picture is a disaster. The unemployment figures stretch from 16.5 to a dizzying 22%. Everyone has an opinion but no one actually speaks to the employer, the actual job creator.

What we find is this. For the employer the marginal tax rate is up 30% or more since Obama took office. Because of healthcare, additional security, business regulation the the cost of doing business has skyrocketed.  Every purchase of $600 needs a 1099, up from 4 1099s forms to over 100. The marginal tax increase has jumped in 2011 to 30%; that is 15% of the net on the marginal increase.  The government now takes over half of any marginal increase the employer makes.  Why take the risk?