Laughed really hard when I tried to open up the MA unemployment department (SUI) website tonight at 11:30pm. Isn’t that hilarious? That’s a website, a website, that holds limited hours.
Why was I there? Everytime I look too closely at tax rates I’m always in disbelief. Tonight I was poking around at numbers after running payroll (with ADP who we now use and lothe, another story). And I noticed our employer contribution is nearly 17% overall. Some quick numbers:
I try to pay an employee $100 for work done. Instead I pay $117 and the employee gets $78.
- $78 goes to the employee
- $22 is withheld from employee for various taxes
- $17 is paid by Clover to MA and US (for the privilege of employing somebody I guess?)
That’s pretty nuts, right? I mean I’m paying out 50% more money than my employees get to put in their pockets. Wow. So I was just trying to confirm our current rate (they change it all the time) and I found that really funny message.