The centerpiece of the Philadelphia tax system is the Philadelphia wage tax, which raised more than $1.6 billion in 2014. That tax has been challenged as unconstitutional in light of the Supreme Court's 2015 decision in Wynne v. Comptroller of Maryland, which struck down a structurally similar...
In addition to Webster and Black's above, the Supreme Court weighed in on the definition of "income", the same year the word was used in both the Sixteenth Amendment and the first version of the current imposition of a tax on income. InStratton's Independence v.Howbert, 231U.S.399, ...
The gender wage gap is the difference in pay between men and women for the same job. Currently, women make about 80 cents for every dollar a man brings in — that’s a gender wage gap of 20 percent.
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...
"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...
Whole Foods argued that its average starting pay in Philadelphia was higher than the city’s average retail wage, but Monday’s vote passed 130-100. Whole Foods couldn’t be reached for comment. Amazon has resisted other organization efforts by warehouse workers and delivery drivers, and union...
The law school’s joint program with the renowned Wharton School of Business is among the most sought-after joint levels within the country. Located on the main campus in Philadelphia, admission to Penn Law is notably aggressive with lower than 15% of applicants being admitted. The scholar phys...
While Trump has called for full TCJA extensions, Project 2025 proposes a "simple two-rate individual tax system" of a flat 15% and 30%. The latter would kick in around the Social Security wage base, which is $168,600 for 2024.
Thus the poverty rate, wage rates, the characteristics of the housing market, the generosity of social benefit programs such as welfare, are all fixed. From the perspective of structural factors, these studies, no matter how large and well controlled, are essentially case studies with an n of...
The shiny stuff (political scandals, celebrity nonsense, and more) in the long run, does not matter. We must turn away from the distractions, but it’s hard when those who “design” the distractions are very VERY good at it. The challenge with facing up to the mul...