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HeiressofBickworth

(2,682 posts)
3. This idea sucks on so many levels
Tue Oct 30, 2012, 09:02 PM
Oct 2012

I don't understand how this would work. Ok, your withholding goes to the employer who can keep 95% of it. What happens then when you file your income tax? You are required to pay a certain amount, it was taken out of your wages, but it doesn't appear in your account with the IRS. Will the IRS come looking for the rest of their money? Taxes you have already paid but didn't go to the IRS?

Here's something that can happen: back in the 70's I worked for a sole-practitioner (lawyer). He had all kinds of money problems. I actually had 8 paychecks bounce. When the bank called to say a check bounced, my employer would rush to his bank, make some money transfers so my paycheck would clear. All appropriate taxes were deducted from my wages. The day came when he couldn't cover my paycheck. I packed up my desk and walked out on him. The very next day, I went to the unemployment office and told them my story. In Washington, you can't collect unemployment if you have quit, however, in my case, I wasn't paid and it was deemed a constructive dismissal. One little catch. The bastard had NEVER paid my unemployment insurance taxes, there was no money in unemployment insurance for me. I was a single mother with a 5 year old kid and nearly nothing in savings. Fortunately, I was able to find a job in a couple of weeks, but it was a very difficult time.

It's so easy for these legislators to juggle around YOUR money. No consideration given to consequences. Their actions don't affect THEM so why should they care.

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