Tuesday, September 21, 2021
HomePatriot DispatchesGE Now Keeping Their Employee's State Taxes

GE Now Keeping Their Employee’s State Taxes

Yes, this a fact. General Motors, they of the no federal taxes and big tax breaks from our hard-earned tax dollars, are keeping the State taxes withheld from your paycheck with the blessing of a number of states. I, as an American citizen, expect taxes collected from my paycheck to go to the County, State and Federal Governments to pay for their Constitutional purposes. What we have seen this past week with this story and the one about the GSA, is that our hard-earned money is being hijacked and used for everything but what is Constitutional.

The Democrats held a vote today to take more money from those who have earned it to give to pikers in the federal government and communist run businesses who are living like millionaires off of our dollars. The sickness in the soul of our country is so deep and so outrageous that it is indeed time for firings and downright dismantling of entire agencies – Federal, State and now, perhaps, County levels of government.

When States decide to try and keep a company in their State by allowing that company to ILLEGALLY collect taxes from their employees and then pocket those taxes without giving them to the taxman, it is proof that the country and these collectivist businesses must go. There is no more “too big to fail,” there can only be a hatchet taken to the budgets of all federal, state, and county agencies – period. To ask ANY American of any financial condition to give more to those who disrespect and treat government as their personal bank accounts is to turn a blind eye to the thievery of our government. Taxed By Your Boss? #Shame

The report from Good Jobs First, a nonprofit taxpayer watchdog organization funded by Ford, Surdna and other major foundations, identifies 16 states that let companies divert some or all of the state income taxes deducted from workers’ paychecks. None of the states requires notifying the workers, whose withholdings are treated as taxes they paid.

General Electric, Goldman Sachs, Procter & Gamble, Chrysler, Ford, General Motors and AMC Theatres enjoy deals to keep state taxes deducted from their workers’ paychecks, the report shows. Foreign companies also enjoy such arrangements, including Electrolux, Nissan, Toyota and a host of Canadian, Japanese and European banks, Good Jobs First says.

Why do state governments do this? Public records show that large companies often pay little or no state income tax in states where they have large operations, as this column has documented. Some companies get discounts on property, sales and other taxes. So how to provide even more subsidies without writing a check? Simple. Let corporations keep the state income taxes deducted from their workers’ paychecks for up to 25 years.

The insanity that afflicts the politicians of America is immorality, the fix is firing and then hiring those who will indeed be good stewards of the hard-earned dollars of every American. I live for the day in my lifetime when actual TRUE CAPITALISM and honesty is restored in this great nation and the government agencies from big to small behave like public servants and not princes and princesses!

JadedByPolitics
Whoever has his enemy at his mercy & does not destroy him is his own enemy

3 COMMENTS

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3 COMMENTS

  1. I’m not sure I understand this. I understand tax breaks, tax incentives, tax writeoffs, etc, but if the gist of this is the literal collection of income tax money and depositing it into a corporate account without forwarding it to the state, I would think all kinds of legal niceties and accounting procedures would have to be set aside.

    I will not be “shocked, shocked” if this is being done, but if it is being done with the knowledge and consent of all the lawmakers in all the states, then why get upset over what Bernie Madoff or somebody does?

    • EXACTLY our politicians are all manner of Madoffs but I tell ya there must be a legal fight out there against private employers taking something that is being defined as a tax and keeping it for themselves, with or without the consent of the Madoffs!

  1. I’m not sure I understand this. I understand tax breaks, tax incentives, tax writeoffs, etc, but if the gist of this is the literal collection of income tax money and depositing it into a corporate account without forwarding it to the state, I would think all kinds of legal niceties and accounting procedures would have to be set aside.

    I will not be “shocked, shocked” if this is being done, but if it is being done with the knowledge and consent of all the lawmakers in all the states, then why get upset over what Bernie Madoff or somebody does?

    • EXACTLY our politicians are all manner of Madoffs but I tell ya there must be a legal fight out there against private employers taking something that is being defined as a tax and keeping it for themselves, with or without the consent of the Madoffs!

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