Submitted by PhillyAccount t3_125yi8h in philadelphia
QuidProJoe2020 t1_je74ox1 wrote
Reply to comment by donttouchthirdrail in The Local Tax Burden on Philadelphia Households: Homeowners generally pay less by PhillyAccount
Ooh very interesting. Looks like someone would have to push for a state amendment to get that change, but had no clue about that. Thanks for the insight!
I do wonder if some crafty legislation could accomplish the outcome without the amendment. Would have to fashion it as a tax credit. Maybe like living in a opportunity zone, such as low income zip codes, entitle certain tax credits. The again I'm sure rich ppl would buy a house in low income neighborhoods and use that as thier home address for it. Could cap the credit though.
Mam, tax legislation is tough lol
donttouchthirdrail t1_je75tov wrote
You could try doing a refundable tax credit for income below a certain amount, but a lot of low income earners don’t file taxes
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