Wednesday, March 15, 2006

Utilities Taxes-Stuck in the Middle

Many Utilities Collect for Taxes They Never Pay "Many electric utility companies across the nation are collecting billions of dollars from their customers for corporate income taxes, then keeping the money rather than sending it to the government. The practice is legal in most states. The companies say it is smart business".
The consumer is out the money and it's never passed along to the government as tax revenue so these 'legal monopolies' just keep raking it in. Consumers are stuck in the middle once again and you know if a small businessman did that, they'd be in jail.