🚀 go-pugleaf

greeneg@dali.cs.unc.edu (George Greene) wrote for all to see:

[edited]

>It is not that way for anybody whose income taxes are withheld
>by the employer.  That the government is taking _anything_
>from you at all via payroll-deducted taxes is a complete
>myth.  You can't believe everything that's printed on your
>pay-stub.  All of your payroll-deducted taxes are paid directly
>from your employer to the government.  There is no real sense
>in which ANY of that money was EVER, at ANY time, "yours", so
>you can hardly speak of its being taken from you.

This is untrue.  From a booking, accounting, profit and loss point of
view, every employee has to return to the employer at least as much as
it costs to keep them on the payroll.  It does not matter to the
employer if that money is spent on taxes on on a check to the
employee.  The aggregate total cost of employment must be covered by
the return on the employee's labor, or they will lose their job.
Thus, the money is paid out of the employee's labor.

>What withholding really represents is a stupidity tax
>on your employer for having been fool enough to hire a human.

No, it is a stupidity tax on society.





Regards, Harold
--------
Democratic Rep. Sam Gibbons said [income-tax deductions and] exemptions
are the reason the public has lost confidence in the equity of the tax
system, a deterioration, he acknowledged, that he and his colleagues on
the Ways and Means Committee had helped perpetuate.  "I probably screwed 
up the tax code more than anybody still in Congress, he said with a
laugh."
                --Washington Post, Aug. 2, 1995