Thursday, June 28, 2012
Affordable Care Act
A question for the gamer community. Do you think that FLGS will be able to pay the tax or keep health insurance on their employees? I personally am against the government being allowed to force people to pay for a service but I can see some regulation in the bill which may be for the good. The problem though is what is going to happen to small business? Will they have to close their doors forever?
We are getting a GW store in town. Is this going to force out the smaller guys because they can pay insurance? Probably but I really hope not. I have known these guys at the FLGS for my entire life and they put their blood, sweat and tears into it. The owner of the closest one to my house, Borderlands, spends six sometimes seven days a week at the office putting in his time and effort to keep his business going so he can cater to comic affectionados and gamers alike.
Think about it. Does your local FLGS carry insurance on their employees? Do you think that they could afford it if they were forced to do so? Could they afford the 2,000 fine (tax) that is incurred if they do not? Are we helping to get rid of small business by giving the government more power?
I apologize that these are politically charged questions and while I have worked very hard to keep my own personal opinions of politics outside of this blog and from my company in general I do have to wonder what is the future of this company and of other small businesses.
Feel free to speak up. I ask that everyone remain peaceful and calm although I understand the current of the situation is a very hot tempered one. I would like to keep the conversation specifically toward FLGS and what people think might happen as a result of today's passing of this bill as constitutional. Thank you.
Update: You guys might be interested in this. I did a little reading of the 2400 page law and found this:
PART II—SMALL BUSINESS TAX CREDIT
"‘‘(1) IN GENERAL.—The term ‘eligible small employer’
means, with respect to any taxable year, an employer—
‘‘(A) which has no more than 25 full-time equivalent
employees for the taxable year, "...
It appears that the actual amount for a 'small employer' to receive a tax credit (they still get the penalty and still get charged) is 25.