As I wrote to our representatives, if the Ohio Legislature won’t help cities make ends meet, we will be faced with having to reduce department staffing levels and curtail services or ask wage earners in the City to pay a higher income tax. I told them that I couldn’t ask our citizens...
This Essay explains the constitutional challenge to the City wage tax, argues that the tax is unconstitutional, describes steps the City could take to save that tax, and raises the question of whether Philadelphia should save or eliminate its wage tax.Knoll, Michael S...
State and city taxes generated $1.1 billion in tax revenue. Each household in Greater Philadelphia would need to be taxed an additional $660 to replace the visitor-generated state and local taxes in 2024. Also, the visitor economy would cover the average salary of 17,600 public school teachers...
wage-earning Americans and business owners are often the targets of federal criminal tax investigations. Whether it be for failing to disclose a foreign bank account, failing to file a tax return, or over-deducting on business expenses, the IRS and Department of Justice will not hesitate to ...
Another important advantage to note is that when debt is discharged through bankruptcy, there are no tax consequences. If a creditor forgives your debt or accepts a partial payment in satisfaction of a larger liability, the amount forgiven is considered income for tax purposes. You will be requir...
STATE TAX RELIEF The Wolf administration said it’s easing up on tax enforcement during the pandemic. The Department of Revenue said it will pause payments on existing payment plans on request; offer flexible terms for new payment plans; suspend or reduce automatic enforcement of liens, wage garn...