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Pennsylvania PROPERTY TAX INDEPENDENCE ACT Sign the Petiition for Governor Corbett
posted at January 24, 2012 4:33 PM EST
First: January 24, 2012
Last: January 29, 2012
PROPERTY TAX INDEPENDENCE ACT
To be introduced in both the House and Senate in February.
A consistent effort of 8 years Started by Representative SAM ROhrer and now by Representative JIM COX. In 2006, Moody's, the world renown Fiancial risk analyst firm investigated and approved this approach as a means by which ALL property owners can final escape LOCAL PROPERTY TAXES.... Residential.. Business.. FArm.. Vacation properties. Politics got in the way.
Details are on www.PTCC.us
See a video presentation> HERE
How much will YOU save > Calculator
SIGN THE PETITION AND TELL CORBETT YOU SUPPORT IT > HERE
Using a combination of state taxes ALL local school taxes (with the exception of RE transfer) can be Eliminated including: Property TAX; the schools portion of Earned Income Tax; Occupational Assessment taxes; Business Privilage taxes; Amusement taxes; Mercantile tax; and more
Every public school would be fully funded at their current level, keeping in mind each school has its own unique mix of special ed, poverty, and programs. Using a Formula ( so politics is removed from the process) Each year the budget would be adjusted based on these factors as well as inflation and a fluxuating school population. The school board would have to live within their budget .
Funding schools would be done primarily at the state level:
1). State sales tax would increase 1%..to 7% and cover a few more items and services.
However all basic family needs and business needs would be excempt - See website for details
2). State income tax on earnings OVER $35,000 would increase by 0.92% to 3.99%.
This is more or less a trade off for EIT and other minor taxes being eliminated.
This plan will tax a family based in proportiion to their ability to earn a living AND on their ability to buy non-essentials. It is fair and an equal playing field for all.
Property owners will keep substantially more earnings in their pockets to spend, save or donate. Example: A couple earning $80,000 with an home valued at $250,000 and who pays $3400 a year in Property Taxes would keep roughy an additional $2600 a year.
In one of our bigger counties CHESTER COUNTY which has 14 school districts a total of $978 million A YEAR would remain in property owners pockets. AS this happens in scale across PA small businesses will prosper again, jobs created making new wage earners. and buyers.
IF you hve questions PLEASE go to the WEBSITE as you are not the first one to ask.