According to Philadelphia Forward, “A 1998 study by Vertex, Inc., a state and local tax research and software firm, determined that Philadelphia’s business tax burden was the highest among 27 major U. S. cities. The study estimated the combined federal, state, and local tax liability of a representative service company with $15 million in gross revenue and $1.5 million profits. In terms of local business taxes, Philadelphia’s tax burden ranked fourth out of 27 cities, behind only New York City, Chicago, and Cleveland. While the overall business tax burden in Philadelphia in 1998 declined by 2.15 percent from the 1993 estimate published in a previous Vertex report—more than any other city—the overall tax burden in Philadelphia in 1998 remained the highest among the 27 comparison cities.” Think this is just a concern to big and wealthy corporations? Not exactly; small businesses are excoriated by our City’s oppressive tax burden. Check out this recent film by Philadelphia Forward that chronicles the plight of small business in our town.
Saturday, April 16, 2005
- A Smoke Filled Room
- Above Average Jane
- Akkam's Razor
- All for the Taking
- Boundless Philadelphia
- East Falls Development Corporation
- Greater Philadelphia Sustainable Business Network
- Kiko's House
- Mere Cat
- Our Green Cities
- Philadelphia Animal Welfare Society
- Philadelphia Bicycle News
- Philadelphia is My Home
- Philly Future
- Pound for Pound
- The Next American City
- The Tattered Coat
- Young Philly Politics
- ► 2007 (110)
- ► 2006 (196)
- RiverLink Ferry Season Begins
- School District Establishes Center City Region
- Philadelphia and the BPT: Imperfect Together
- Cruising from Philadelphia
- Another Philadelphia Hidden Treasure: The Schuylki...
- May is "Buy Local Philly Month"
- February Results for Center City Hotels
- Tax Reform in Philadelphia: Ya Think?
- Clinton, Rendell, Kvaerner, and $1 Billion Dollars...
- Temple Town to Get a Supermarket: Another Positive...
- Center City Parking Lots: Enough Already
- Philadelphia Sustainable Business Network Annual C...
- Proposed Quantitative Performance Measurement to G...
- Philadelphia to Host 2020 Olympics?
- Encourage City Council to Pass Anti "Pay-to-Play" ...
- More Center City Condo News
- Spanning the Globe
- Philadelphia Taxis to Improve
- The Cookie Crumbles?
- Hotel Occupancy Off to a Strong Start in 2005
- More North Broad Street Rebound
- ▼ April (21)