Is Your Boss Pocketing Your State Income Taxes?

0
716

Corporate Welfare for Goldman Sachs, Walmart and 2,700 Other Companies

 

By Dr Stuart Jeanne Bramhall corporate flag

 

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

[youtube 4sZzQQLX-AI]

 

photo credit: watchingfrogsboil via photopin cc

Author Details
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
ATTENTION READERS
Due to the nature of independent content, VT cannot guarantee content validity.
We ask you to Read Our Content Policy so a clear comprehension of VT's independent non-censored media is understood and given its proper place in the world of news, opinion and media.

All content is owned by author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.

About VT - Read Full Policy Notice - Comment Policy