companies

Unemployment Taxes for Companies Skyrocket in 35 States

Given persistent job losses in the struggling economy, companies in at least 35 states are seeing their unemployment taxes jump an average of nearly 30 percent, CNN reports. Many of the hikes will happen automatically as prolonged unemployment triggers state laws governing unemployment insurance programs. Other states have voted to raise the taxable base wage or tax rate. The states are seeking ways to restore their unemployment insurance trust funds, which cover claims; 26 states have had to borrow a total of more than $30 billion from the federal government to pay claims. Hawaii will be ...

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