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#3 05-27-2004, 06:10 PM

I don't wanna sound negative or defeatist, but it's what this guy isn't saying, and doesn't say, that really matters. You can write all the legally correct and perfect documents all day long, proving every bit of that stuff. First big problem is that you'll be hard-pressed to find an "employer" who'll "accept" such things.

Employers are THE big problem. They are in business to make "money," period. Anything and everything that interferes is to not only not be taken seriously, but to be completely avoided. Part of that process of making "money" is their absolute, unyielding, hell-bent belief that the are required to withhold income taxes, from everyone, period.

I used to believe they were afraid of the IRS. They aren't. They're having sex with 'em, that's all.

Have a look-see:

http://www.treas.gov/education/fact-sheets/taxes/economics.html
Fact Sheets: Taxes
Economics of Taxation
Taxes on Income

The earnings of both individuals and corporations are subject to income taxes. Most of the Federal Government's revenue comes from income taxes. The personal income tax produces about five times as much revenue as the corporate income tax.

http://www.cbpp.org/10-21-03tax.htm

Center on Budget and Policy Priorities

The decline in income tax revenues as a share of the economy to its lowest level in more than six decades reflects a drop in both individual and corporate tax receipts. In 2003:
<UL>
<LI>Federal individual income taxes equaled 7.4 percent of GDP. This is the lowest level since 1966. </LI>
<LI>Corporate income taxes were just 1.2 percent of GDP. With the exception of the deep recession year of 1983, this is the lowest level since 1937. (A recent Center on Budget and Policy Priorities analysis discusses the fall in corporate income taxes in more detail.)</LI>[/list]

http://www.itepnet.org/corp00an.pdf

Institute on Taxation and Economic Policy

1311 L Street, NW • Washington, D.C. 20005 • (202) 737-4315

Who’s Paying Taxes—and Who’s Not

Although some of the 250 corporations in our study paid federal income taxes at or near the statutory 35 percent corporate tax rate, the vast majority paid considerably less. Effective tax rates over the 1996-98 period ranged from a low of –9.9% for Goodyear to a high of 35.7 percent for Winn-Dixie and Paccar. Overall, for the 250 companies we analyzed, federal corporate income taxes over the three years averaged only 21.7 percent of U.S. pretax profits. The average effective tax rate on the 250 companies declined over the three years, from 22.9 percent of profits in 1996 to only 20.1 percent in 1998—far below the 35 percent statutory corporate tax rate.

Here are some startling statistics:
Forty-one of the 250 companies paid less than zero in federal income taxes in at least one year from 1996 to 1998. In the years they paid no income tax, these 41 companies reported a total of $25.8 billion in pretax U.S. profits.

But rather than paying $9 billion in federal income taxes, as the statutory 35 percent corporate tax rate seems to require, these companies generated so many excess tax breaks that they received outright rebate checks from the U.S. Treasury, totaling $3.2 billion. These companies’ "negative tax rates" meant that they made more money after taxes than before taxes
in those years.

Me again: The employer provides the slaves who fund the USA, Inc.& Business is not about to risk the free-ride it gets at our expense.

Have I mentioned, lately, that I hate BB, employers, and all agents operating on their collective behalf?

Randy