INFORMATION The document following this cover sheet exists solely to provide English translations of selected information in the original Japanese text and the.
Is hundreds of thousands of workers in 16 states, especially new jersey, are having the state income taxes withheld from their pay never go to the government. the money, instead, is kept by their employers. 2,700 companies do this. every big, brand name company you know. goldman sachs, general electric, procter & gamble. they are all doing this. and you want to know why your state government is in trouble, why your kid s education is in trouble? because of all these hidden programs, in this case, one that good jobs first dug out, that take money away from the tax system and do it in a way that workers don t even know that they ve had their taxes diverted to their boss. they being taxed by their bosses. everyone has to read david cay johnston s about this. and you won your pulitzer prize for tax reporting at the new york times in 2001 and today the new york times has won its second pulitzer prize for tax reporting by david k..
well, new jersey is certainly the absolute king of this, which is hundreds of thousands of workers in 16 states, especially new jersey, are having the state income taxes withheld from their pay never go to the government. the money, instead, is kept by their employers. 2,700 companies do this. every big, brand name company you know. goldman sachs, general electric, procter & gamble. they are all doing this. and you want to know why your state government is in trouble, why your kid s education is in trouble? because of all these hidden programs, in this case, one that good jobs first dug out, that take money away from the tax system and do it in a way that workers don t even know that they ve had their taxes diverted to their boss. they being taxed by their bosses. everyone has to read david cay johnston s about this. and you won your pulitzer prize for tax reporting at the new york times in 2001 and today the new york times has won its
To deride reaganism but it is amazon or niagara up. the single biggest trend is corporations pocketing taxes so they never get to the government. there are 2700 companies, every big brand name company you have ever heard of, gets to keep some or all of the state income taxes with held from their workers paychecks. they don t know this. the company gets a tax credit equal to those taxes in a confidential document. all over the place, that s what s happening. our tax dollars are being diverted to corporations through gifts, through tax credits, through all sorts of different mechanisms. how do we get into a conversation where we can talk about these elements rather than this sort of manufactured crisis? here is the thing. in your book, you really draw it here, the fact that these businesses are built a lot on ignorance. i have to say, a lot of industries, including the financial industry, is built on the fact that you have a bunch of people that know their