Since more and more people are making the decision to stop signing until this is over, I hope I was a small part of that decision. My take on unemployment is sure to ruffle a few feathers. An employer has to pay money into unemployment and workers’ comp. Someone working as an IC or whatever form of self-employment you want to call yourself, I’m 99% sure you, yourself have never paid unemployment on yourself. The exception is if you are an LLC and pay yourself a salary (as an employee) and your CPA or accountant has told you to pay into unemployment. Turn the tables once again, as an NSA, is SSs and TCc are paying into unemployment, would an NSA be entitled to unemployment thru them? I honestly don’t know.
The stimulus was just signed. I have no idea what all is in it except what has been said in the media. The American people, one way or the other, are going to have to pay for this ungodly amount of money. It is not money that is being given to us free and clear. Now if the far chance a notary will be entitled to unemployment, for all the years NSAs wrote off every kind of deduction imaginable, so as not to have to report and pay taxes on it, besides Social Security earnings when retired, this may come back and bite you in the rear, because someone reporting $20,000, $30,000, $40,000 a year or more, should get more than someone who has, with biz deductions, reportable income of next to nothing — the 2 should not be eligible for the same weekly unemployment compensation. Agree with Linda — what incentive does someone have to go back to work if they can get more sitting at home than working? |
