Tuesday, May 8, 2007

The Big Tax Shift? 

Pennsylvania to vote on tax swap for schools

Filed As:  Budget and Tax

Voters in Pennsylvania will be asked on May 15 to vote on a fairly complicated tax scheme. The Commonwealth Foundation has the details on the proposal, which would increase some income taxes and provide some rebates for property taxes. When you look at statewide numbers, homeowners with a household income of $43,238 will lose under the measure, but each school district will produce a somewhat different set of winners and losers.

Citizens ought to carefully consider tax swaps such as this to make sure that they don't end up being tax increases instead.

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