Thursday, June 28, 2012

OBAMA HEALTH CARE LAW RULED CONSTITUTIONAL

What does it mean to the small business owner? If your business has less than 25 full time employees and pays at least 1/2 of your employees' health insuranc premiums, you can get a tax credit equal to 35% of contributions. In 2014 it goes up to 50%. If you have 50 or more full time employees and don't provide health insurance coverage for them, you pay a penalty of $2,000 for each full time employee in excess of 30 ful time employees.  (Hey, that's cheaper than health insurance, isn't it?)  So, Creeping Socialism creeps on in this administration.  How about we all do our part to have Obama become unemployed next year?

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