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Pennsylvania

JPZenger

(6,819 posts)

2. It is an extremely complex tax

Reply to atreides1 (Reply #1)

Tue Feb 7, 2012, 05:09 PM

Feb 2012

The state has been working to phase out this tax over a number of years. But this big a cut isn't needed in one year. It is an extremely complicated tax to calculate. Many corporations use state tax credits to avoid it, such as by investing in areas with urban blight. The business community feels it is double taxation because many (but not most) corporations also pay a corporate net income tax to the state.

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Highlight:

PA. College Funding to be Slashed by $257 Million to Pay for $248 Million Cut in Business Taxes [View all] JPZenger Feb 2012 OP

Which do you want atreides1 Feb 2012 #1

It is an extremely complex tax JPZenger Feb 2012 #2

F*ck Corbell. Up next: selling off of PA game lands. Avalux Feb 2012 #3

Here's what to do JPZenger Feb 2012 #4

Corbett's Attempt to Destroy Public Education in Pa. JPZenger Feb 2012 #5

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Corbett's Explanation Today JPZenger Feb 2012 #7

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Fuck him PRETZEL Feb 2012 #9

I know a person who will now be going to medical school out of state. blue neen Feb 2012 #10

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that I didn't know PRETZEL Feb 2012 #12

PA. Could Reduce Business Tax Rates AND Raise More Revenue if we close corporate tax loopholes JPZenger Feb 2012 #13

Great column on college budget cuts JPZenger Feb 2012 #14

Governor's Deceitful Statistics JPZenger Feb 2012 #15