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Information is also available on the General Business Tax, the Mayor's Tax Committee, the Mayor's Scholarship Program of 1979–1980, cable TV, Century IV celebration, CETA, the bicentennial of the U.S. Constitution, Delaware Valley Regional Planning Commission, energy, the Philadelphia Federation of Teachers Strike of 1981, the Educational ...
In addition, suburbanization enticed many affluent residents to depart the city for its outlying railroad commuting towns and newer housing. The resulting reduction in Philadelphia's tax base and the resources of local government caused the city to struggle through a long period of adjustment, and it approached bankruptcy by the late 1980s. [70 ...
George S. Boutwell was the first Commissioner of Internal Revenue under President Abraham Lincoln.. In July 1862, during the American Civil War, President Abraham Lincoln and Congress passed the Revenue Act of 1862, creating the office of commissioner of internal revenue and enacting a temporary income tax to pay war expenses.
Philadelphia Park demonstrates that the taxpayers' basis in the thing he/she received must be the fair market value of the thing at the time of receipt. 2) Every taxable year stands alone—the Court uses the idea of basing the current year's tax consequences based on what should have happened in the prior year.
As of 2021, the Philadelphia metropolitan area was estimated to produce a gross metropolitan product (GMP) of US$479 billion, [2] an increase from the $445 billion calculated by the Bureau of Economic Analysis for 2017, [3] representing the ninth largest U.S. metropolitan economy. Philadelphia was rated by the GaWC as a 'Beta' city in its 2016 ...
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