On 12/27/2014 1:41 AM amdx wrote:

On 12/25/2014 5:32 PM, F. George McDuffee wrote:*
On Wed, 24 Dec 2014 02:20:00 -0500, Ed Huntress*
wrote:*
*
Nick Hanauer, a multi-billionaire who made his money ...
Possible palliative actions, at least from the lost tax*
perspective:*
*
Is it a big concern for you that the government doesn't take enough*
money out of the economy?*

First, describe exactly how much "enough" would or wouldn't be. And even try proving it.

(1) Make the employer pay their share of the FICA tax [c.*
7.5% of the wages] that would have been collected if the*
overtime had been paid.*

* Which increases their cost so they charge the customer (YOU) more.*

But "they" accept this risk, or these fluctuations in value as a natural part of doing business.

(2) As the IRS code says you must pay income tax on anything*
of value received, make the employer pay income tax on the
value of the uncompensated labor at the full corporate*
income tax rate (c. 35%)*

* Which increases their cost so they charge the customer (YOU) more.*

They accept this risk, or these fluctuations in value as a natural part of doing business.

(3) the IRS could also collect and remit the state taxes,*
work mans comp, etc. the employer "saved" by forcing their*
employees to work unpaid overtime.*
*
Which increases their cost so they charge the customer (YOU) more.*

They accept this risk, or these fluctuations in value as a natural part of doing business.

(4) Name and shame the companies by publishing league tables*
of the biggest exploiters. (would require reporting*
uncompensated overtime, which may already be done.)*
*
* Ya, Then YOU, could boycott, the company would lose business and*
layoff the employees. So YOU, are responsible for them losing their job.*

They accept this risk, or these fluctuations in value as a natural part of doing business.