im not aware private unemployment insurance exists. I pay directly to the State and Federal agencies. (SUTA and FUTA)
Posted: Fri Jan 28, 2011 09:26 am Post Subject:
private unemployment insurance
No such thing. The closest is called DISABILITY INCOME INSURANCE. But that's very different.
Posted: Fri Jan 28, 2011 08:41 pm Post Subject:
i think calling it insurance is a stretch, it's a tax. federal and state mandated.
Posted: Sun Jan 30, 2011 01:26 am Post Subject:
Federal "unemployment insurance" is what they call it -- and, yes, it's paid for with FUTA taxes. As with Social Security and Medicare, they like to call FICA contributions "taxes" so the masses believe they cannot be changed.
Posted: Sun Jan 30, 2011 05:46 am Post Subject:
oh i know what they call it..lol! I a have a staff on payroll and it just went up again Jan 1. but, i still think calling it insurance is a stretch...We're required to pay FUTA (Federal Unemployment Tax Act) and SUTA (State Unemployment Tax Authority)...funny how the word tax is in both those insurance acronyms.
Posted: Sun Jan 30, 2011 06:04 pm Post Subject:
i still think calling it insurance is a stretch.
No disagreement from me at all. The real issue is that insurance comes with a contract, and neither UI or SS/MC does. You get what the government is willing to give you at the time you come to get it.
All this perennial CRAP about strengthening Social Security is hogwash so many times over it is no longer even funny. With a nearly $90 TRILLION combined shortfall in funding, there is NO WAY to strengthen Social Security and Medicare -- and unemployment "insurance" . . . every time they extend the benefit period . . . is just another unfunded liability foisted upon the states that compounds the total problem.
Maybe the Egyptians have it right . . . throw out the entire government and let a new crop of idiots see if they can do any better.
Posted: Thu Jan 27, 2011 03:58 pm Post Subject:
im not aware private unemployment insurance exists. I pay directly to the State and Federal agencies. (SUTA and FUTA)
Posted: Fri Jan 28, 2011 09:26 am Post Subject:
private unemployment insurance
No such thing. The closest is called DISABILITY INCOME INSURANCE. But that's very different.
Posted: Fri Jan 28, 2011 08:41 pm Post Subject:
i think calling it insurance is a stretch, it's a tax. federal and state mandated.
Posted: Sun Jan 30, 2011 01:26 am Post Subject:
Federal "unemployment insurance" is what they call it -- and, yes, it's paid for with FUTA taxes. As with Social Security and Medicare, they like to call FICA contributions "taxes" so the masses believe they cannot be changed.
Posted: Sun Jan 30, 2011 05:46 am Post Subject:
oh i know what they call it..lol! I a have a staff on payroll and it just went up again Jan 1. but, i still think calling it insurance is a stretch...We're required to pay FUTA (Federal Unemployment Tax Act) and SUTA (State Unemployment Tax Authority)...funny how the word tax is in both those insurance acronyms.
Posted: Sun Jan 30, 2011 06:04 pm Post Subject:
i still think calling it insurance is a stretch.
No disagreement from me at all. The real issue is that insurance comes with a contract, and neither UI or SS/MC does. You get what the government is willing to give you at the time you come to get it.
All this perennial CRAP about strengthening Social Security is hogwash so many times over it is no longer even funny. With a nearly $90 TRILLION combined shortfall in funding, there is NO WAY to strengthen Social Security and Medicare -- and unemployment "insurance" . . . every time they extend the benefit period . . . is just another unfunded liability foisted upon the states that compounds the total problem.
Maybe the Egyptians have it right . . . throw out the entire government and let a new crop of idiots see if they can do any better.
Posted: Sun Jan 30, 2011 11:16 pm Post Subject:
the forum should have a Like button
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