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In the early 1970s, Pennsylvania and Ohio competed for businesses with Ohio wooing industries with a reduced corporate income tax but Pennsylvania warning that Ohio had higher municipal taxes that included taxes on inventories, machinery and equipment. [82] A few more events of the 1970s follows: [73]
Estimated taxes are pay-as-you-go tax payments individuals make throughout the year, typically quarterly, to cover their expected tax liability. The quarterly payment approach can help avoid ...
The Pennsylvania Department of Revenue (DOR) is an agency of the U.S. state of Pennsylvania.The department is responsible for collecting all Pennsylvania taxes, including all corporate taxes and taxes on inheritance, personal income, sales and use, realty transfer, motor fuel, and all other state taxes.
Sales taxes provide 39% of Pennsylvania's state revenue; personal income taxes 34%; motor vehicle taxes about 12%, and taxes on cigarettes and alcoholic beverages 5%. [177] The personal income tax is a flat 3.07%.
As the April 18 tax deadline nears and state returns are filed, many Pennsylvania taxpayers will likely be -- or are already -- wondering how long it'll take to get their refunds this year. The...
Quarterly taxes don't have to be confusing Many people experience career changes and significant income swings. Often, this meant facing unfamiliar federal income tax requirements, like estimated ...
Biden heads to his hometown of Scranton, Pennsylvania, to talk about taxes; At least a dozen killed and an estimated 15,000 displaced by flooding in Kenya; Kansas City Chiefs' Rashee Rice surrenders to police on assault charge after high-speed crash; Many say Biden and Trump did more harm than good, but for different reasons, AP-NORC poll shows
U.S. federal government tax receipts as a percentage of GDP from 1945 to 2015. 2010 to 2015 data are estimated. The federal income tax enacted in 1913 included corporate and individual income taxes. It defined income using language from prior laws, incorporated in the Sixteenth Amendment, as "all income from whatever source derived". The tax ...