Unemployment tax hits employers hard

Unemployment Taxes Slam Businesses
The National Association of State Workforce Agencies report that at least 35 states will pay higher unemployment taxes in 2010. The report showed the median increase will be 27.5% for most employers, while businesses in Hawaii and Florida could see increases 10 times more than their current tax. State trust funds have been depleted, causing 26 states to borrow a total of more than $30 billion from the federal government with numbers expected to grow to 40 states and $90 billion by 2010, analysts report.
CNNMoney.com - Feb. 9, 2010

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