Philadelphia has a complex and antiquated tax system that has long been criticized for driving employers and jobs away from Philadelphia by making it expensive to conduct business in the City. The centerpiece of the Philadelphia tax system is the Philadelphia wage tax, which raised more than $1.6...
But there is a bright spot: Your credit can start to improve within months of filing, and the change may be especially marked if you were already delinquent on your debts. A 2014 report from the Federal Reserve Bank of Philadelphia found that those who filed Chapter 7 bankruptcy saw their ...
When applying for a new job, stop answering questions about your salary history, which perpetuate the gender wage gap. Nine places, including California, Massachusetts, New York City and Philadelphia have banned employers from inquiring about past pay. If you're faced with a question about salary...
Republican presidential candidate former President Donald Trump speaks at a campaign rally, June 22, 2024, in Philadelphia. Trump is seeking to distance himself from a plan for a massive overhaul of the federal government drafted by some of his administration officials. Chris Szag...
The recent Los Angeles fires have left a profound impact, and our hearts go out to the clients, friends, and communities affected by this devastation. Amid such immense challenges, the resilience of those enduring these hardships and the unity shown by so many is nothing short of inspiring. ...
"I had tariffs, and yet I had no inflation," Trump said during the debate in Philadelphia. "Look, we've had a terrible economy because inflation — which is really known as a country-buster — it breaks up countries." A tariff hike to 60% on Chinese imports and 10 to 20% on all...
Sometimes one will even shrink while the other grows. The Federal Reserve Bank of Philadelphia has gone so far as to try to find a happy medium in a measure called"GDPplus." The below chart shows the same period as the above chart, showing the wide differences in growth rates between ...
A tax on gross revenue as opposed to net gain is not an income tax, but a tax on both capital and income.State Tax on R. Gross Receipts, 15 Wall. 284, 21 L. Ed. 164;Philadelphia & S. Mail S. S. Co. v. Pennsylvania, 122 U.S. 326, 30 L. Ed. 1200;Maine v. Grand Trunk...
It's often better for employees, though, if flex time, PTO or vacation time is not unlimited, says Selena Rezvani, a leadership speaker and consultant based in Philadelphia who often advises human resources departments. "Unfortunately, research suggests that employees with unlimited vacation actually...
Vivian Hunt is a senior partner in the London office, and Bob Sternfels is the next global managing partner of McKinsey & Company. Haiyang Zhang is a consultant based in the Philadelphia office. This report was edited by Lisa Renaud, executive editor with the McKinsey Global Institute. E...