Corporate Welfare for Goldman Sachs, Walmart and 2,700 Other Companies
By Dr Stuart Jeanne Bramhall 
According to investigative journalist David Cay Johnston, more than 2,700 companies have secret agreements to keep the state income tax they withhold from your paycheck.
Goldman Sachs, Walmart, Chrysler, Ford, General Motors, Nissan, Mitsubishi, Motorola, Proctor and Gamble, AMC Theaters, Toyota and Electrolux are but a few of the big name companies involved.
As Johnston writes in a 2011 Reuters column:
“Instead of paying for police, teachers, roads and other state and local services that grease the wheels of commerce, Illinois workers at these companies will subsidize their employers with the state income taxes they pay.
The deal to let employers keep half or all of their workers’ state income taxes represents a dramatic expansion of a little-known trend in the law: diverting taxes from public purposes to private gain.”
As of April 2012, the states which have signed these secret agreements include Colorado, Connecticut, Georgia, Illinois, Indiana, Kansas, Kentucky, Maine, Mississippi, Missouri, New Jersey, New Mexico, North Carolina, Ohio, South Carolina, Utah.
Read more at Taxed by the Boss
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photo credit: watchingfrogsboil via photopin cc
Dr. Bramhall is a retired American child and adolescent psychiatrist, activist and political refugee in New Zealand.
Her first book The Most Revolutionary Act: Memoir of an American Refugee describes the circumstances that led her to leave the US in 2002. She has also published two young adult novels about political activism: The Battle for Tomorrow: A Fable
View All Books by Dr. Bramhall >>>
She is involved in the national leadership of the New Zealand Green Party and has a political blog at StuartJeanneBramhall.com
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