Unformatted text preview: state income taxes the employee pays as a “taxpayer rebate?” The net cost to the taxpayer in this example, is $32,000 plus the value of the benefits the employee receives. Now, what does that government employee do with that $32,000 of taxpayer money. Does that employee bury it in the ground? Hide it in their mattress? Put it in a safe deposit box? Open a Swiss Bank account? 51...
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- Fall '10