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WC, you picked at a nit and ignored the main point.
Ah, Texas, how the 1% love ya! even with low CoL, still:
87 percent of Texas communities exceed US poverty rate in new survey
http://texashousers.net/2009/01/01/8...in-new-survey/
WC, you picked at a nit and ignored the main point.
On a related note:
Paying Taxes to the Boss: How a Growing Number of States Subsidize Companies with the Withholding Taxes of Workers
As Americans file their state income tax returns this month, some may dislike paying taxes but most take heart from the fact that their dollars support public schools and colleges, roads and transit, health care and public safety. However, for some people, the personal income taxes they see deducted from their paychecks aren’t supporting public services. Indeed, this is true for workers at more than 2,700 companies in 16 states.
Nearly $700 million is getting diverted each year. And it is very unlikely that the affected workers are aware, given that no state requires that the diversion be disclosed on pay stubs. Where is the money going? To the employers of those workers. A growing number of states are diverting revenue traditionally devoted to funding essential government services to pay for lavish subsidy awards to corporations for job creation or sometimes simply job retention. The practice of redirecting large portions of the state personal income tax (PIT) withholding deducted from paychecks means many workers are, in effect, paying taxes to their boss.
Along with the worker deception, many of the programs are entwined with two of the most controversial practices in economic development: the economic war among the states and job blackmail. Many PIT diversions are paying corporations to simply relocate existing jobs from one state to another; others are used by states when they capitulate to companies that threaten to move to another state.
Paying Taxes to Your Boss: Another Step Toward 21st Century Feudalism
"Some conservatives view all taxation as theft, but there’s surely no better term for what happens when employers promise their workers a certain wage or salary and then pocket some of the money for themselves. When you pay taxes to the government, you get something in return, whether it’s a school for your kids or a road to drive on or a firefighter to rescue you from a burning building. When you pay taxes to your boss, you… well, you give your boss your money. Your only reward is that you get to continue to “work the land,” so to speak.
Paying taxes your employer keeps
Painful as it feels to have a lot of hard-earned income taken from your paycheck for taxes, a new Illinois law does something Americans may find surprising. It lets some employers pocket taxes for 10 years.
You read that right — in Illinois the state income taxes withheld from your paycheck may be kept by your employer under a law that took effect in May.
The Illinois deal shows how compe ion between the states, and with other countries, helps big corporations wring subsidies from state governments even as the states are being forced to fire teachers and other public workers because of a weak economy that has cost jobs and tax revenue.
Why would the state let companies do this? Most big companies pay little or no state corporate income tax, because companies arrange to take expenses in higher tax states and profits in states with little or no corporate income tax. So the only way to finance incentives without the state writing a check is to let the companies pocket their workers’ state income tax.
The Illinois deal also shows how government, rather than the market, picks winners and losers.
But right-winger still venerate corporations as the faultless, unchallengeable pinnacle of civilization.
And "left-wing" Democrats are equally if not more complicit, so what's a working man supposed to do?
I don't know. Why are taxes in Texas going up?
There's plenty of left-wingers who know very well the damage corporations, esp the largest ones, visit on people and the planet. Name some right-wingers who have that position.
par the course
SOP, tbh
they don't say what I agree with, thus they're lying, don't ask why
he can't tell you, either. just waves his hands in a sidebar.
By all means. Tell me what the main point is.
preferential tax incentives shortchange the citizens of Texas. they fly in the face of free enterprise and essentially suborn the companies on behalf of the party that gives them out.
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