From the story: Pennsylvania’s tax climate is the 11th most burdensome in the U.S., according to an annual report by the Tax Foundation. That marks the commonwealth's worst showing in more than 30 years.
The anti-tax group’s 2008 study evaluated states by the state and local taxes paid by residents, dividing the amount by total state income to compute a tax burden measure.
According to the report, Pennsylvania taxpayers pay 10.2 percent of their income on state and local taxes, including taxes paid to other states. Read more…
Pennsylvania’s Corporate Net Income Tax is the 2nd highest in the nation, and then Pennsylvania adds the Capital Stock and Franchise Tax to the business tax mix. The result produces enough disincentives for businesses to locate elsewhere. Try though he may, no amount of cardboard checks from the governor can overcome this negative business environment.
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