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Nov 04 - Aggresive Growth of State-Subsidized Credit Unions Is Steadily Eroding Utah's Tax Base.

 

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Did you know...

That you pay more income taxes than Utah's billion-dollar credit unions? The average Utah family pays $5,992 a year but Utah's mega credit unions pay nothing.

 

The tax exemption for big credit unions hurts...

  • You. Because large credit unions don't pay income and sales tax, other taxpayers must make up the difference. Even low-income taxpayers share the burden of subsidizing billion-dollar credit unions.


  • Your neighborhood school. Because 100% of all Utah income tax goes to education, the income tax exemption for large credit unions directly costs our schools. If Utah's big credit unions paid income tax, Utah schools would have several million dollars more a year to educate our children.

 

What can you do to support the CSTP cause? You can sign up as a endorser and/or subscribe to the CSTP e-mail newsletter. CSTP is seeking support from interested citizens to keep our tax base broad and prevent further erosion of the tax base. CSTP also publishes a regular newsletter to share information and keep interested citizens apprised of the latest developments on this issue.

 

 

   
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