@HoolaHoolaNope @Tapir no they just pay the FUTA tax
The Federal Unemployment Tax Act (FUTA) tax is imposed at a flat rate on the first $7,000 paid to each employee. The current FUTA tax rate is 6%, but most states receive a 5.4% “credit” reducing that to 0.6%. There is no action an employer can take to affect this rate. Some of this federal money is used for loans to states that don’t have enough in their UI trust funds to pay claims. If the loans are not repaid, the federal government raises that state’s employer tax rate.
A company pays this tax on every new hire?
@HoolaHoolaNope @Tapir @6715e34f yes, but it really isn't much. It shouldn't exist at all though.
The main thing I remember from taking economics is the professor ranting about how many multiples of times Americans are taxed for any little thing.
@HoolaHoolaNope @Tapir @6715e34f yes, that's literally how it works almost everywhere. Unemployment is also mostly designed to protect insufferable retards that can't perform basic tasks.