Unemployment Taxes Higher Next Year

Preliminary figures show that the minimum tax rate for employers in 2012 is expected to jump from $72.10 per employee to $170 per employee. The maximum rate is also expected to rise from $378 to $459 per employee.

The Department of Revenue will mail out final tax notices for 2012 early next month.

Unemployment taxes collected from employers are used to pay benefits to out-of-work Floridians. But the trust fund used to pay those benefits has been drained by the state’s unemployment rate. Florida’s unemployment rate is now 10.6 percent.

Since 2009 the state has been forced to borrow $2.4 billion from the federal government to keep the trust fund solvent.

 

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