Federal Unemployment Tax ActThe Federal Unemployment Tax Act (FUTA), authorizes the Internal Revenue Service to collect a federal employer tax used to fund state workforce agencies. Employers pay this tax annually by filing IRS Form 940. FUTA covers the costs of administering the UI and Job Service programs in all states. In addition, FUTA pays one-half of the cost of extended unemployment benefits (during periods of high unemployment) and provides for a fund from which states may borrow, if necessary, to pay benefits.
this is almost too funny to be worthy of a ban. Almost.
Gee, I wonder why those benefiting from the FUTA tax lost their jobs... NSFW indeed.
lol i knew about this from searching D:
muchlol