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I dunno. I think blaming things like this on city wage and business taxes is too easy. IMO, the Philly-metro suburbs have very good infrastructure and very large business parks are located next to large communities and also within a 30-45 minute drive. So, you have people with skillset ready to fill the required positions of these companies that want to remain in the burbs. And, REITs still maintain and promote these business parks in the burbs. No matter how you cut it, it is still an attractive options for large companies to stay in the burbs in this metro area. This is a complex issues and no one size fits all answer will mitigate what we think we know. |
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However, you can't disagree that with a better business tax climate in the city, that 2-3 more of these Fortune 500s/1000s would be located in the city. That's why I said only 2-3 more would be in the city, and not ALL of them. I'm being realistic. And reality is, a couple/few of these companies probably would move into the city if it wasn't for higher taxes. Case in point - AmerisourceBergen is anchoring a new highrise in Conshy. Not Philly - Conshy. And while at this point, they probably preferred that for commuting reasons based on where their employees and execs live, at one point in time, they may have moved to Center City or Schuylkill Yards near 30th Street station if the tax climate in the city was better. |
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Edit: oh, never mind. Believe what you will, cardeza. Happy Memorial Day to all.
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And not to get into a big debate about taxes, but Philly has some of the highest taxes in the US when factoring PA and city taxes. If you look at other US cities like NYC or San Fran, their wage taxes are 4% and 1.5% respectively and many cities don't have wage taxes. It definitely is one factor, of many, that contribute to Philly's business unfriendly environment. |
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After many years, we finally have a brand new Philly highrise thread and by page four we are in the same old knockdown tax discussion that’s been had dozens of times.
:dunno: |
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I literally never comment here and I just like to lurk, but the constant arguments over taxes are so annoying. It sucks that the mod team is completely incapable of keeping the discussion on track. It’s even more pathetic when the mods actively join in to derail the discussion. It gets old.
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I find taxes an important topic, but they really deserve their own thread. There may even be one, that no one pays attention to.
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Philadelphia was the first city to implement a wage tax in 1939. Mayor's Tate and Rizzo (AKA Mayor Crumb Bum) thought that raising property taxes was bad and didn't want to burden homeowners so they raised taxes on things that could move out...like wage and business taxes. So they did. Rizzo really jacked those taxes in the 1970's to pay for lavish public contracts that still haunt the city today....and the city lost close to 300000 residents. The wage taxes hit their highest in 1985 and within 5 years the city was teetering on bankruptcy. So while they do need to levy taxes to pay for the city...they way they go about it puts too much burden on certain sources that keep job growth down. New York might be able to get away with it but Philadelphia cannot. We wouldn't need 10 year tax abatements or soda taxes if we just had a tax code that made sense and was fair and equitable to all. Commercial property owners have told they city they would pay higher rates than homeowners if they could bring down wage and business taxes. They know they could get their money back in a Philly creating far more jobs. |
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The issue with a separate thread for these things is that one cannot be made. In order to be properly tagged as Philadelphia, something has to be in one of the development subforums, and not anything else. This is why the Transporation thread cannot be tagged and put in this subforum. Any political discussion thread would have the same problem. |
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How does someone even become a mod? I seriously think we need at least one more. |
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