Good for them. And smart, too.
Good for them. And smart, too.
Well let's see, thanks to a tax credit passed by Congress on Jan 1, 2013 Starbucks will be pocketing at least $5600 per new hire. If the Vet is long-term unemployed or disabled it goes to $9,600. So Starbucks could pocket $96,000,000 in taxpayer money, and this whole time I thought Howard Schultz was a liberal.
Orion International
Meanwhile, back at the farm 10,000 non-veterans just found out they were second-class citizens.Receive a Tax Credit of up to $9600 for Every Eligible Veteran Hired
How can your organization claim a tax credit for hiring veterans?
On January 1, 2013, Congress passed a bill that extended the Returning Heroes and Wounded Warrior Tax Credits through December 31, 2013. The Returning Heroes Tax Credit provides incentives of up to $5,600 for hiring unemployed veterans, and the Wounded Warriors Tax Credit doubles the existing Work Opportunity Tax Credit for long-term unemployed veterans with service-connected disabilities, to up to $9,600. There is no limit to the number of qualified veterans for whom you can claim this credit.
Who is an eligible veteran?
Returning Heroes Tax Credit
•Short-term Unemployed: A new credit of 40% of the first $6,000 of wages (up to $2,400) for employers who hire veterans who have been in receipt of unemployment insurance or compensation for at least 4 weeks.
•Long-term Unemployed: A new credit of 40% of the first $14,000 of wages (up to $5,600) for employers who hire veterans who have been in receipt of unemployment insurance or compensation for longer than 6 months.
Wounded Warrior Tax Credit
•Veterans with Services-Connected Disabilities: Maintains the existing Work Opportunity Tax Credit for veterans with service-connected disabilities hired within one year of being discharged from the military. The credit is 40% of the first $12,000 of wages (up to $4,800).
•Long-Term Unemployed Veterans with Services-Connected Disabilities: A new credit of 40% of the first $24,000 of wages (up to $9,600) for firms that hire veterans with service-connected disabilities who have been in receipt of unemployment insurance or compensation for longer than 6 months.
As a Vet I think this is cool. Being disabled and old my vet reward is long gone. All starbucks coffee taste the same to me. I still by my coffee from the guy who owned coffee classics at penn square. he still runs it out of his home.
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