Does the Boss Pocket Your State Taxes?
Remember the state fiscal crisis, when state treasuries were running out of money because revenues (aka taxes) were down and cuts to education, health care, public safety and roads were the flavor of the day?
One of the little known factors behind this loss of revenue to state treasuries—and this is hard to believe—is that in 19 states, with Pennsylvania on the verge of becoming number 20, corporations are pocketing workers’ state income taxes instead of sending the weekly withholding to the state where it could be used to help pay for education, health care, public safety and roads.
