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50,000 Employer Incentives
1. Amend WOTC section 51 (Employer Incentive).
- Law change: Increase $ 2,000 to $25,000 per person.
- Incentivize 50,000 employers to hire former inmates.
- Employer Tax Incentive: $ 25,000 per employee.
- Annual IRS cost: $ 1.2 billion (50,000 people @ $25,000 each).
- Avoided cost: $ 7.5 billion (37,500 people @ $200,000 each).
- 25% recidivism rate (12,500 less arrests, $ 2.5 billion savings).
- State wide job placement at scale.
- State wide data collection.
Avoided Cost
1. Amend WOTC section 51 (Employer Incentive).
- Annual IRS cost: $ 1.2 billion (50,000 people @ $25,000 each).
- Avoided cost: $ 7.5 billion (37,500 people @ $200,000 each).
- State wide job placement at scale.
- Invest $ 60,000 per inmate to avoid $ 200,000 cost.
- 25% recidivism rate (12,500 less arrests, $ 2.5 billion savings).
Call Center
1. Amend WOTC section 51 (Employer Incentive).
- 50,000 weekly calls.
- 250 call center operators.
- 250 operator apartments.
- Inside and out call center training jobs.
- 25,000 sqft needed.
- Program verification.
- Gross sales: $ 100.0 million.
- Operating cost: $ 35.0 million.
- Surplus capital: $ 65.0 million annually per State.
Federal & State Income Tax
1. Amend WOTC section 51 (Employer Incentive).
- 37,500 people paying income tax.
- Average tax payment $ 8,000 per year.
- $ 300,0 million fed & state income tax per year.
- Two years to recover $ 600,000 investment.
- 25 years of tax payments per person.
Less Victums
1. Amend WOTC section 51 (Employer Incentive).
- 12,000 to 25,000 fewer victums via employment.
- $ 2.4 billion savings by not arresting 12,000 people.
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