Welfare Thieves Stealing Your Tax DollarsRegister Today!
- by StNeotser Mar 23http://www.csmonitor.com/Commentary/...ate-income-tax
State tax incentives for businesses are on the rise. Proponents say they help keep companies in a state and create jobs, making them important to statewide economic development. What they often donít show is who pays for these costly incentives. Increasingly, employees foot the bill Ė often without their knowledge.
Most employees assume that states use their state income taxes to improve school systems, pave roads, or hire more police. That is, after all, part of the social contract we have with our government. We pay taxes and get public services.
But more and more of those tax dollars arenít funding services; they arenít even getting to the state capital. Sixteen states now allow corporations to withhold state income taxes from employees and keep the money as an incentive to locate to or remain in a state. That means that, in effect, employees pay personal income tax to their company rather than their state government. (The 16 states are: Colorado, Connecticut, Georgia, Illinois, Indiana, Kansas, Kentucky, Maine, Mississippi, Missouri, New Jersey, New Mexico, North Carolina, Ohio, South Carolina, and Utah.)
- Mar 23 by kalevraHAHAHAHA
Let me get this right. We are allowing the companies in these 16 states to keep the money that employees would normally use from their paychecks to pay for taxes. In return for letting them keep this extra money that would normally pay for roads and stuff, the company agrees to stay in the state. They are given an incentive to keep business in the state.
Wow, talk about holding the people hostage. Very shrewd business acumen, bravo big business I applaud your skills.
Nursing as a whole could learn a thing or two from these companies. Imagine applying their tactics to decrease patient load or negotiating better pay/benefits.
- Mar 24 by StNeotserYes, you've got that right, Kalvera. Very interesting topic on who are the makers and who are the takers. I live in one of the states listed above who are of course slashing the state budget and telling us we can't afford to pay for various programs. At this time I have no idea if my state taxes go to the state to pay for roads, police, or to the company I work for. I don't mind paying taxes if they're going towards the common good.
Unfortunately nursing won't follow these tactics because there are too many people who lack class consciousness and prefer to pick on their peers than the people who really hurt them.