Thursday, May 27, 2004

Re: Act 47

My hunch, we'll see a huge rush from the suburban locations to insert a 1.5 percent tax on their people too -- to follow suit -- so as to NOT get any money to Pittsburgh.

So, this move by the city is an anchor / weight that is going to pull down the rest of the region as well.

All in all, it seems to ad to the downward spiral.

snip of email to me:
They came out with 233 page report...does not look good (as I expected) and there will be outrage with the amount of tax increases including 120/ year occupation tax

City property taxes from 10.8 mills to 11.34 mills (a 5 percent increase)

wage taxes on city residents from 1 percent to 1.5 percent.

Commuters, who now pay no earned income tax to the city, would be charged 1.4 percent, although their home municipalities with a wage tax would take their tax share out before the city gets its share.

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