One Southern Indiana | Unemployment Tax Comparison

	State Taxes
	Unemployment Tax Comparison
	Worker's Comp Rates
	Clark County Taxes
	Floyd County Taxes
	An Overview of the New Tax Legislation
	Info on Incentives

2006 Unemployment Tax Comparisons

Rates	Indiana	Illinois	Michigan	Ohio	Kentucky
New Employer Rate	2.7%	3.4%+	2.7%	2.7%+	2.7%
Wage Base	$7,000	$11,000	$9,000	$9,000	$8,000
New Employer Cost/Employee	$189	$374	$243	$243	$216
Average Tax Rate (2005)	3.0%	4.9%	4.3%	2.3%	2.7%
Average Tax (per Employee)	$210	$514.50	$387	$207	$216
Minimum Tax Rate (2005)	1.10%	0.30%	0.06%	0.0%	0.0%
$/Employee	$77.00	$300	$7.00	$0	$40.00
Maximum Benefit	5.60%	8.10%	10.3%	6.3%	9.0%
Average Benefit (4th Quarter, 2005)	$278.95	$282.61	$288.38	$258.41	$259.33
Average Duration in weeks (2005)	12.9	18.2	14.3	15.2	13.5
Average Payout (Claim)	$3,598.46	$5,143.50	$4,123.83	$3,927.83	$3,500.96
Trust Fund as % of Total Wages/Rank*	0.65/35	0.24/49	0.31/46	0.34/45	0.57/39
High Cost Multiple/Rank*	0.54/30	0.07/50	0.12/48	0.11/47	0.27/42

* Trust Fund as a % of Total Wages and High Cost Multiple are measures of solvency – Rank of 1 is best and 53 is worst (D.C., Puerto Rico, and Virgin Islands are included in master data).

Source: Indiana Manufacturers Association, 06/06