When Is A Tax A Profit?

 I hope you're honest enough to be paying your state income taxes. Well, federal too, but especially the state taxes and especially in any of the sixteen states that have a special corporate arrangement. Yes, there are sixteen states led by New Jersey, who leads by far and away in this little tax special. Here's what these sixteen states do. For certain major corporations, a special dispensation is given. Here's what happens; The company you work for, deducts your state tax obligation from your wages, but instead of sending that money to the state, the company is allowed to keep it. That's right. Your employer collects your state tax money and the state allows the company to keep the money. All of it. I guess you could say it's a 100% fee for collecting the tax money owed. Of course, the state can then claim it doesn't have enough money to operate and must either reduce services or raise taxes or both. New Jersey looses about $186 million per year this way. Of course the state claims it's an investment in keeping the company and it's jobs in the state. But now the cat's out of the bag. Now all the other companies know about this little scam, oops, I mean plan. Do you think these other companies will want in on it? What about all the companies in all the other states? Think they're gonna wanna take part? Soon all the states will be giving away tax revenue to keep corporations from moving to other states. Then all the states can complain they need to cut services or raise taxes or both. Think all those companies want a piece of the action? Heck, I would. In fact, it's almost worth forming a corporation just to collect my own taxes so I can keep them. But why stop there. Why not ask the federal government to offer a similar deal. Of course the Fed already complains about not having enough income. But hey, then I'm definitely filing to incorporate. After all, if I print this out, it takes ink. So? So Snowbeard Inc in ink. Sorta has a ring to it, doesn't it. That way I could keep all my taxes. That's called incentivized profits. Taxation as an incentive profit center. Now all I've got to do is figure out how to include that pesky sales tax.