The Conservative Cave
Current Events => The DUmpster => Topic started by: Freeper on October 26, 2011, 12:40:25 PM
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Playinghardball Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Oct-26-11 11:57 AM
Original message
The Paycheck Deduction Racket Every American Should Know About (especially Illinois)
Right now, this is happening in Illinois, but if we don’t make a fuss it could soon be everywhere.
Watch:http://front.moveon.org/the-paycheck-deduction-racket-e... /
Source: MoveOn.org
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2187777
hfojvt Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Oct-26-11 12:46 PM
Response to Reply #3
7. me too, especially since I now get no volume from internet explorer
so I had to switch to firefox to hear the video
It is David Cay Johnston, and he says that state income taxes get deducted from your paycheck, but they do not go to the state in Illinois. The employer gets to keep them, as a subsidy. This is only true of some big employers in Illinois. The companies keep half if you already work there, and keep 100% if you are a new hire.
It does not cost the employee any extra, they presumably still get credit with the state, but the state does not get the money, the corporation does.
They are outraged over this, seems they don't like being forced to pay into something that they don't like, however if the state squanders your money then demands even more, they are all for that.
I'm sure they will blame the GOP for this somehow. :-)
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I have to wonder if this only started after Illinois jacked up income taxes on individuals and corporations. Many companies threatened to leave because of the tax increase. Sears is still considering it.
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I have to wonder if this only started after Illinois jacked up income taxes on individuals and corporations. Many companies threatened to leave because of the tax increase. Sears is still considering it.
Some of the counties are jacking property tax rates in Illinois by double digit percentages this year. When the economy turns sour, graft and corruption get really, really hard to pay for. Many who can will simply move to another county or even state, and Illinois will be left with lower home values, less workers, less businesses, and even less revenue for paying the crooksters and union idiots. Democrats are eating the milk cow for dinner.
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Spike89 (1000+ posts) Wed Oct-26-11 01:30 PM
Response to Original message
9. Not inherently wrong
As part of a progressive tax code, giving incentives to businesses that hire and retain workers is exactly what we need. The problem of course is that the corporate tax load is too low and therefore they aren't really needing to chase these tax breaks so hard.
Basically, if we doubled or tripled (or even more)the tax rates on business while at the same time giving them significant tax breaks for payroll, we'd have a job program that works.
Triple of 39.3 is 117.9. You want to go higher? And call this a workable jobs plan? You're an idiot.
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Triple of 39.3 is 117.9. You want to go higher? And call this a workable jobs plan? You're a drooling moran.
FIFY
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Something happened right around the beginning of the year.
Reality it's as long and hard as third grade on a Liberal.
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Triple of 39.3 is 117.9. You want to go higher? And call this a workable jobs plan? You're an idiot.
Dummies aren't known for their math skills. :-)
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Dummies aren't known for their math skills. :-)
...or anything else positive, really...
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Some posters here guess or imagine about the law that lets six big companies in Illinois pocket the state income taxes withheld from worker paychecks. The law goes back several years.
Why not read my column instead of wondering?
http://blogs.reuters.com/david-cay-johnston/2011/07/19/paying-taxes-your-employer-keeps/
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Isn't this what the DUmmies claim to want? Redistribution of wealth?
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Some posters here guess or imagine about the law that lets six big companies in Illinois pocket the state income taxes withheld from worker paychecks. The law goes back several years.
Why not read my column instead of wondering?
http://blogs.reuters.com/david-cay-johnston/2011/07/19/paying-taxes-your-employer-keeps/
Call them subsidies , tax breaks or concessions, it's all the same. The state is admitting that it taxes companies too much and is willing to forgo those taxes to keep the companies in state. There is also the fact that no corporation pays taxes anyway. Tey are always passed on to the worker and employees in one way or another.
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Isn't this what the DUmmies claim to want? Redistribution of wealth?
Reality says that redistribution shall be from blue states to red ones.