Saturday, February 4, 2017

Pennsylvania: No School Property Tax for the Rich, Poor Still Pay | gadflyonthewallblog

Pennsylvania: No School Property Tax for the Rich, Poor Still Pay | gadflyonthewallblog:

Pennsylvania: No School Property Tax for the Rich, Poor Still Pay


Eliminating Property tax to fund public schools sounds like a great idea!
Until you read the fine print.
propertytaxmoney
Because what Pennsylvania legislators are proposing won’t actually eliminate property taxes – unless you’re rich.
And it won’t ensure students get the funding they need.
But it will benefit the rich and big corporations, which is really the only reason we’re talking about it – AGAIN.
Let me break it down for you.
First, the bill being shopped around is called the Property Tax Independence Act or SB 76. It would get rid of all property taxes used to fund public schools and replace them with increases in sales and income taxes.
Somehow these increases would need to generate and additional $12 billion a year in revenue so that we can keep funding our schools at the present level. That’s some tax increase – and guess who’s going to pay the bulk of it – YOU.
Guess who’s not going to pay much of it – the huge corporations who used to pay property taxes on all those commercial, industrial, oil and gas properties.
This is a huge giveaway to big business, and it’s a substantial hike for regular Pennsylvania: No School Property Tax for the Rich, Poor Still Pay | gadflyonthewallblog

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