healthmyths
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- Sep 19, 2011
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"The people attacking corporations obviously do not understand what is at stake.
"Sun Microsystems, which I co-founded way back in 1982, began with only four employees.
It eventually grew into a workforce of more than 40,000, based primarily in the United States.
Thats a lot of jobs." .
It is a safe bet that the number would have been even higher if every year Sun had not been taking a significant fraction of its profits and turning it over to the Internal Revenue Service."
Scott McNealy is the founder and former CEO of Sun Microsystems
Scott McNealy On Tax Policy
So this "small " business grew to employing 40,000 people.
In 20072008, Sun posted revenue of $13.8 billion and had $2 billion in cash.
If according to this statistic: Sun Microsystems $88,000
(Average Sun Microsystems salaries for job postings nationwide are 27% higher than average salaries for all job postings nationwide.)
Sun Microsystems Salary | Indeed.com
With 40,000 employees and an average paid into the Federal Govt. for SS/Medicare o $11,746 per employee a total of $469,840,000 paid every year for Sun employees!
Using the below source that shows 13.9% of employees' salaries are paid in:
Social security Employee 4.2% SURPRISE to many people the EMPLOYER ALSO pays social security tax for employee of 6.2%!!!
Medicare the Employee and the employer both pay 1.45% of the salary.
Then the EMPLOYER pays the Federal Unemployment taxes which in turn provides in case of unemployment the average $300/week unemployment check!
PMA - Members Bulletins & Notices Payroll Schedules/Taxes 2012 Payroll Tax Rates and Wage Bases
So in addition to paying almost $500 million a year in payroll taxes Sun also made dare i say A PROFIT!!! OH how terrible!!!
In this source: Taxed-To-The-Hilt Businesses
"Sun Microsystems, which I co-founded way back in 1982, began with only four employees.
It eventually grew into a workforce of more than 40,000, based primarily in the United States.
Thats a lot of jobs." .
It is a safe bet that the number would have been even higher if every year Sun had not been taking a significant fraction of its profits and turning it over to the Internal Revenue Service."
Scott McNealy is the founder and former CEO of Sun Microsystems
Scott McNealy On Tax Policy
So this "small " business grew to employing 40,000 people.
In 20072008, Sun posted revenue of $13.8 billion and had $2 billion in cash.
If according to this statistic: Sun Microsystems $88,000
(Average Sun Microsystems salaries for job postings nationwide are 27% higher than average salaries for all job postings nationwide.)
Sun Microsystems Salary | Indeed.com
With 40,000 employees and an average paid into the Federal Govt. for SS/Medicare o $11,746 per employee a total of $469,840,000 paid every year for Sun employees!
Using the below source that shows 13.9% of employees' salaries are paid in:
Social security Employee 4.2% SURPRISE to many people the EMPLOYER ALSO pays social security tax for employee of 6.2%!!!
Medicare the Employee and the employer both pay 1.45% of the salary.
Then the EMPLOYER pays the Federal Unemployment taxes which in turn provides in case of unemployment the average $300/week unemployment check!
PMA - Members Bulletins & Notices Payroll Schedules/Taxes 2012 Payroll Tax Rates and Wage Bases
So in addition to paying almost $500 million a year in payroll taxes Sun also made dare i say A PROFIT!!! OH how terrible!!!
In this source: Taxed-To-The-Hilt Businesses