- Joined
- Aug 31, 2011
- Messages
- 2,793
- Reaction Score
- 4,904
It is not a pass thru!!!!!!!!!!!!!!!!!!!!! It is a direct tax on the employee.
"A City Wage Tax is a tax on salaries, wages, commissions and other compensation paid to an employee employed by or rendering services to an employer. Individual employees will find that the employer deducts Wage Tax from their pay, since this is required by law.
You are right, it creates administrative challenges, but companies have those now. Employees travel out of state and taxes have to be adjusted to reflect time spent outside the state. Similarly, the tax on property has to follow the property. If the employee works from home they take the company-provided laptop with them and their is no tax. And They always will be, as they generate revenue. Companies can negotiate with the city to lower their taxes - let's not worry too much about them.
Again, I generally despise taxes as an incentive to grow. In fact, taxes are a proven recipe for non-growth. I'd advocate for lowering the taxes on companies and inserting a wage tax. The simple fact of the matter is that Hartford is unable to raise revenue now and its revenue falls far short of its expenses. Regionalization and state reallocations can help, but ultimately Hartford should be able to stand on its own 2 feet, perhaps with some state assistance. Today, it can barely get up on one knee. If you want to make it better, you need to figure out ways to pay the bills. What Hartford and CT have done for decades has CLEARLY failed. I'll leave it to you to keep banging your head on the same brick wall searching for a different outcome.