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Originally Posted by cardeza
that is dombs proposal, not Kenneys which mean it has little chance of advancing although they are saying kenney will propose some reforms of his own, likely smaller in scope and more focused on the BIRT than wage tax.
Other thing that may be worth working on is cutting down on the number of people getting shot- as Stephen Starr learned it even spills into Center city from time to time so it's probably not good for our business environment.
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5 things to know about Philadelphia Mayor Jim Kenney's proposed FY22 budget
https://www.bizjournals.com/philadel...22-budget.html
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Under Kenney's plan, the wage tax for residents would decline slightly from 3.8712% to 3.8398% in fiscal year 2022 and the non-resident wage tax would decrease from 3.5019% to 3.4201%. BIRT would decrease from a rate of 6.1% to 6%.
By fiscal year 2026, the resident wage tax would be at 3.8425%, the non-resident wage tax would be 3.4065% and BIRT would be at 5.25%.
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...A .03% decrease for residents (actually goes up by a few hundredths by 2026) and a .1% decrease for non residents in a 5 year period. A decrease is a decrease but this is barely felt by the tax payer and certainly not a revolutionary change