PA in the top 10 highest taxes. Add that to our school tax in Allegheny C. Ouch! (Philadelphia: lawyer, unemployment)

[FreightTrainRunning]

Originally Posted by hempfield mania

Did ya notice PA still has the highest corporate tax rate? No wonder businesses don't want to be here.

Which businesses don't want to be here? Do you have any statistical proof that there's a correlation between corporate rates and business location?

[hockyluvr]

Originally Posted by hempfield mania

Did ya notice PA still has the highest corporate tax rate? No wonder businesses don't want to be here.

That explains why there are so many non-profits. Has anyone else tried looking for a job in PA lately? The choices are education (not hiring), health care, food service, or retail.

[MeinGlanzendMotorrad]

There's always security, too. Sure beats retail and food service (Including in pay, btw.)

[Aqua Teen Carl]

I could have sworn this area alone had the headquarters of American Eagle, Dick's, Consol, Heinz, FedEx Ground, Mellon, PNC, US Steel, Alcoa, 84 Lumber, PPG etc. Seems to me like corporations want to be here.

Then again they pay employees far below national averages for salaries so the excess taxation ain't such a bad deal.

[hempfield mania]

How many steel mills are left?

Where did Sony go? VW? How much vehicle manufacturing/parts etc. exists in PA compared to other states with a friendly corporate tax structure?

Yeah, many of the corporate headquarters that are still here are home grown. You don't have many that re-locate from other states here. And of those, many are here because of abatements and when those expire, many times, the headquarters are moved.

[pman]

Originally Posted by GeneW

Which businesses don't want to be here? Do you have any statistical proof that there's a correlation between corporate rates and business location?

what major corp relocations so you think.support your idea that it doesnt matter? most pa.companies avoid the.c corp label but it can put them at a disadvantage. id guess that aome of the largest companies use the delaware loophole.

[gg]

I can't find the old statistics, but if my memory serves, Pittsburgh was number 2 behind NYC for corporate headquarters back in the '60's and maybe early '70s, but I could be mistaken if it was number 2, but it was in the top 10 for certain. You can take whatever meaning you like from that.

[Mr. Mon]

Originally Posted by hempfield mania

How many steel mills are left?

Where did Sony go? VW? How much vehicle manufacturing/parts etc. exists in PA compared to other states with a friendly corporate tax structure?

Yeah, many of the corporate headquarters that are still here are home grown. You don't have many that re-locate from other states here. And of those, many are here because of abatements and when those expire, many times, the headquarters are moved.

There are no domestic television production faculties left in the US. Sony was one of the last. And VW almost left the American market entirely during the time the plant closed - later to be reborn as Sony. One thing to keep in mind is that our state income taxes are pretty low here in PA so, be prepared for those to increase in exchange for lowering taxes on corporations. Also, while manufacturing may move to states that give away the farm in terms of tax abatement and job training programs there is no proof that physical HQ's relocate because of the overall corporate tax rate - PO boxes in Delaware excluded. A government, be it a state or national, has to provide a high quality services, infrastructure and a educated populous to keep what passes for high quality jobs these days, and you don't achieve these by not taxing.

[hempfield mania]

Originally Posted by h_curtis

I can't find the old statistics, but if my memory serves, Pittsburgh was number 2 behind NYC for corporate headquarters back in the '60's and maybe early '70s, but I could be mistaken if it was number 2, but it was in the top 10 for certain. You can take whatever meaning you like from that.

Good article (although long), on why PA's tax climate, esp. for businesses, is horrible.

Pennsylvania deemed


Just a snippet:

The Tax Foundation addresses that issue as well as others that affect businesses its own study, the State Business Tax Climate Index.

“We find that Pennsylvania, in our study, ranks in the middle of the pack, not quite as bad as the CEO magazine study,” says Robyn. “Pennsylvania also has one of the highest corporate income tax statutory rates in the nation, second highest nationally. But if you account for federal deductibility, viewed Pennsylvania as its own nation and include the federal corporate income tax, Pennsylvania would have the highest corporate income tax rate in the world when you add federal and state together.”

Again, no wonder businesses don't want to relocate to PA. When you have to "bribe" companies to stay here or to bring them here in the first place with large abatements or other "tricks," you are doing something wrong.

[Aqua Teen Carl]

Originally Posted by hempfield mania

But if you account for federal deductibility, viewed Pennsylvania as its own nation and include the federal corporate income tax, Pennsylvania would have the highest corporate income tax rate in the world when you add federal and state together.”

Holy balls. I guess that's why they offset this with low wages and why we have so many "non-profits".

You really have to wonder where the hell all of these tax dollars are going since we have such a crumbling infrastructure.