It’s Your Money, Philadelphia! See Where it Goes…

Posted: December 3, 2011 in Bidness, Hou$ing/Real E$tate, Politricks

The Philadelphia Intergovernmental Cooperation Authority (PICA) recently released a citizen’s guide to the city’s general fund – what comes in and what goes out moneywise – and it’s worth a look!

Only one other large city taxes individual wages (New York), but they tax UNearned income as well so wealthier citizens bear more of the burden.  We are stressing wage earners (AT TWICE THE RATE OF NYC!) and collecting property taxes at a pathetic rate that’s lower than all other major cities in the US.  This dimwitted tax structure actually has been shown to harm our local economy.  The tax burden on Philadelphia’s middle income households is worse than any other large American city.

But let’s look on the bright side and all the extra stuff we get for our tax money!  Efficient snow removal…okay, maybe not….low crime rate…um….how about well-paved streets and sidewalks…hmmm…there has to be something from all that tax money….

And it’s not just individuals, small business is punished by the city bureaucrats, too.

The mayor is always saying how we need to be smarter, but when is that actually going to happen?  First we need smart leadership, and though there does appear to be a plan in place, like so much of city government it’s just talk at this point.


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