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Obamacare May Cost Small Business 65% of Profits
#1
As predicted......this is an economic nuclear weapon, as intended.

http://www.breitbart.com/InstaBlog/2013/...al-Profits

Today the NY Times has a case study on the cost of Obamacare to one small business. The business in question is Baked in the Sun, a California baker with 95 employees.

Baked in the Sun does about $8 million in annual revenue, however margins for bakers are tight so their annual profit is only about $200,000. Because the business has over 50 employees, they will be required to offer health insurance to their employees or pay a fine for not doing so.

The owners estimate that the cost of compliance would be $108,000 per year plus $10,000 in overhead to manage the plan. The cost of paying the fine for not offering insurance would be $130,000. So they have a choice between losing 64% or 65% of their annual profits.

The article goes on to note that not all employees will take the insurance being offered. Some will already have it through another individual--a spouse or parent. So the actual cost of offering a plan will likely be less than the potential cost. Of course, no one knows what the plans themselves will cost yet so it's all a guess at this point.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#2
Obamacare will crush small business while big business has their waivers. It will bankrupt some forcing the employees and owners of those to the unemployment line. Now Mr. Obama will get what he wants, more people on government sustenance programs. He has zero interest in creating wealth.
Live Free or Die
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#3
Jon Doe;90301 Wrote:Obamacare will crush small business while big business has their waivers. It will bankrupt some forcing the employees and owners of those to the unemployment line. Now Mr. Obama will get what he wants, more people on government sustenance programs. He has zero interest in creating wealth.

Less than that, in fact he is actively, intentionally, and aggressively destroying wealth and the avenues to achieve wealth.
OCommunist Utopia.....everybody EQUALLY POOR.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#4
they really want the middle class GONE
It's the "BILL OF RIGHTS" not the bill of "needs"
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