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Seventy-five percent of this season's formula was $24,339,142, a payroll increase of over $3 million.
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For this reason, July's payroll increase of 163,000 new jobs was unexpectedly strong.
The economy must create over 100,000 jobs per month just to keep up with population growth, and it should be averaging monthly payroll increases of over 250,000 to reduce the unemployment rate at the same pace as in the first year of the 1983 recovery.
The Colorado proposal would be financed by a payroll tax increase of 7% for employers and 3% for employees.
But for now, a typical worker, making $50,000 a year and facing a payroll tax increase of $1,000 this year, is feeling the squeeze.
Americans are dealing with a payroll-tax increase of two percentage points, income tax refunds that came later than usual and high gas prices.
Again, the payroll tax is only one of many factors affecting hiring decisions, which is why my estimate of a payroll tax increase implies that more than 97 percent of workers would continue to work despite the increase.
I've been hearing reports of a payroll tax increase.
The payroll increase used to compute the credit would be capped at $5 million, or a maximum credit of $500,000.
3.23pm GMT John Thurso – payroll increase.
Costs rose because of payroll increases and the opening of stores.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com