hoss1369:capitalism-and-analytics:I thought this was going to be a bit of satire (from OP, not the c

hoss1369:capitalism-and-analytics:I thought this was going to be a bit of satire (from OP, not the coffee shop), but no, it’s completely serious…Hilarious, but serious… What a virtue signal. Why not just raise your prices and give your employees a raise? Seems there is a work around so that they aren’t liable for any increased taxes themselves but the employees will have to report the “extra earnings” at the end of the year. Pretty sleazy if you ask me. @hoss1369 Ummm what? Why not just raise your prices and give your employees a raise? That’s exactly what they did… Worded differently it would be…We are raising prices by 14% and simultaneously we will be giving our employees 14% in raises (unless customer chooses otherwise). Seems there is a work around so that they aren’t liable for any increased taxes themselves Well that fee would be deemed taxable revenue, so it would be taxable and although it would be equal to the amount deducted in increased business expenses (i.e. wages) for income tax purposes, it’ll still increase the amount paid to Social Security/Medicare.…with that being said, reducing your tax liability via paying your employees more typically isn’t considered sleazy. That is arguably one of the least controversial tax deductions and business expenses, aka wages. the employees will have to report the “extra earnings” at the end of the year Yes…that is generally how raises work… -- source link
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