A new study finds that nearly $700 million a year in state income taxes withheld from workers’ paychecks in 16 states is being used to provide lavish subsidies to corporations, rather than paying for vital public services. Workers likely believe their state taxes are going to fund schools, repair roads or pay for police and fire protection. But not so, says “Paying Taxes to the Boss: How a Growing Number of States Subsidize Companies with the Withholding Taxes of Workers,” a study released today by Good Jobs First.

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