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2004-05-14 Home Front: Culture Wars
ERR America Screws Up - Again
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Posted by Barbara Skolaut 2004-05-14 4:07:51 PM|| || Front Page|| [1 views since 2007-05-07]  Top

#1  Looks like the left hand didn't know what the other left hand was doing.

The issue of fraud on deducted health premiums would really depend on where the deducted money went.
Posted by Stephen 2004-05-14 6:36:05 PM||   2004-05-14 6:36:05 PM|| Front Page Top

#2 heh heh - I can't wait to hear the excuses..how's big Ed Schultz doing with his Radio Empire™?
Posted by Frank G  2004-05-14 7:00:47 PM||   2004-05-14 7:00:47 PM|| Front Page Top

#3 Taxes withheld from employee pay, and sales taxes a retailer collects, are known in the tax business as trust fund taxes. Technically, the money belongs to the government, not to you.

If you don't pay over withholding taxes to the IRS, or sales taxes to your local government, the law treats you as having stolen the money from the government. There's criminal liability, of course, but on the civil side, there's a 100% penalty assessed against the offender--that is, you get to pay the tax twice. Further, if the taxpayer is a corporation or LLC (as Air America surely is), the company officer who had the power to direct that the taxes be paid, and failed to do so, has personal liability for the tax and the penalty.

Oh, and the debt is not dischargeable in bankruptcy, either.
Posted by Mike  2004-05-14 7:25:05 PM||   2004-05-14 7:25:05 PM|| Front Page Top

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