You Pay Your Taxes, Why Should Some Irresponsible Construction Contractors in New York Get To CHEAT?
SIGN THE PLEDGE to say: I am a New Yorker and I support action against irresponsible construction contractors who commit tax fraud and cheat New York.
Tax fraud in the construction industry IMPACTS ALL NEW YORKERS and the STOP TAX FRAUD campaign is here to say that New Yorkers won’t stand for irresponsible construction contractors who operate by stealing wages and not paying their fair share of taxes.
- Every week, New Yorkers lose $20 million in unpaid wages.
- Nearly $500 million lost from premium fraud in the construction industry in NYC alone in 2011.
- In 2011, NYS and NYC lost over $420 million from the way 70,000 construction laborers were being paid off-the-books or misclassified as independent contractors.
- The fiscal costs of employer fraud in the New York City construction industry reaches $761.2 million a year, which includes: $275 million not paid into workers’ compensation funds, $44 million not paid in state and federal unemployment taxes, $56 million in unpaid NYS and NYC person income taxes and $143 million in healthcare costs that are borne by NY and federal taxpayers in Medicaid.
- Sky high construction costs are driven not only by market demand but corruption that makes it impossible for honest companies to compete.
- Tax Fraud is not just a union issue, it affects the entire industry and shrinks public budgets and increases healthcare costs.
A growing number of irresponsible construction contractors are cheating the tax system. We all lose when dishonest contractors commit tax fraud in New York– taxpayers, workers, law-abiding contractors, and insurers.
Join the fight!
We want to hear your stories! Tell us how tax fraud and wage theft has affected you, your family or friends you know by using our campaign hashtags:
Keep up with current information on our fight to right the wrongs of tax fraud across the construction industry.