Friday, November 26, 2010

Daily Ranking

Forbes: Where Americans Are Getting Richer

You betcha...  No. 6.

They have a companion piece: 10 Highest State Income Tax Rates For 2011.  Might be worth noting that Pennsylvania is not on that list, nor anywhere near close.  Look at those state income tax rates and compare them to Pennsylvania's.   A lot of those states will also have sales taxes far above Pennsylvania's in addition to that.. and most without the exemptions we do for things like food and clothing.  The clothing exemption has a minor news point today in this in the Trib: Canadians to cash in on Black Friday in W.Pa. Worth a read for all those who think Pennsylvania is taxsylvania or something like that.  Busloads of people coming here because our taxes are much lower.  Maybe all those shopping tourists will stop in Pittsburgh along the way and make up for all the Marcellus Shale businesses that are boycotting us?

Now go back to spending some of that increased income. (update:  I was joking with that last line, but check out the first line in this Black Friday roundup from Businessweek)

4 Comments:

Anonymous jet said...

On the other hand, we pay a ridiculous markup on alcohol compared to people in other states. If we got rid of the state monopoly on liquor, how much would they have to raise other taxes to make up for the loss?

Saturday, November 27, 2010 9:01:00 AM  
Blogger C. Briem said...

If that really mattered then there should be a great sorting of folks as they vote with their feet selectively. I don't get the impression that Pennsylvania is attracting waves of teetotalli while exporting lushes.

Saturday, November 27, 2010 9:05:00 AM  
Anonymous MH said...

Let's end the PLCB so we can see what the answer is.

Sunday, November 28, 2010 11:12:00 AM  
Anonymous Anonymous said...

Do you know where the city and county fall in terms of highest taxed cities and counties?

It seems that the highest taxed states are also the ones generally regarding as having the highest standards of living or most desirable places to live. Also interesting that places where people are getting richer are by and large smaller cities and college towns.

Sunday, November 28, 2010 11:33:00 AM  

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