August 6, 1988 |
Mayor Goode, reacting to the disclosure of a multi-million-dollar property- tax break for condominium owners at a Rittenhouse Square high-rise, said yesterday that the city's tax exemption program may need to be changed. While defending the tax break for owners at The Rittenhouse condo and hotel project, Goode acknowledged that a 1978 tax law declaring the entire city a "deterioriating area" for exemption purposes was outdated. It was under that law that The Rittenhouse, located in one of the city's most affluent neighborhoods, received a five-year exemption that could save each condo owner from $30,000 to $130,000.
December 24, 1996 |
If an ordinary citizen had done what House Speaker Newt Gingrich has admitted he did, that person would be in jail, his critics in Congress complain. And, they say, he lied to congressional investigators. Gingrich's supporters insist he is guilty only of an unintentional violation of an "arcane tax law" and should not be condemned for it. They say he didn't lie to those investigators; he misled them by mistake. On Saturday, in what was essentially a plea bargain, Gingrich formally agreed with an ethics subcommittee charge that he provided investigators with "inaccurate, incomplete and unreliable" information.
August 4, 1999 |
Peco Energy Co.'s filing of an appeal Thursday that seeks to have its Limerick plant declared worthless for real-estate tax purposes was just the first public shot in a potentially huge tax feud between utilities and local governments statewide. At a news conference yesterday, Montgomery County officials said that a handful of other public utilities, which together own 45 properties in the county, say their facilities are not worth a nickel either. The Limerick plant was built in the 1970s at a cost of $6 billion.
January 30, 1995 |
Significant relief from the Philadelphia wage tax for nonresidents does not appear imminent, according to two of the most powerful legislators in Harrisburg. House Speaker Matthew Ryan and Senate Majority Leader F. Joseph Loeper, both of Delaware County, told a group of business people Friday that tax reform is hindered because of a state law known as the Sterling Act, and because of Mayor Rendell's proposed small tax cut for nonresidents who work in the city. The Sterling Act, named for its author, former Rep. Philip Sterling, was enacted in the 1930s to help Philadelphia generate tax revenues by taxing nonresidents who work in the city.
June 15, 2006 |
After nearly three decades of debate, lawmakers last night finally approved landmark legislation that will deliver property tax cuts to most Pennsylvanians. Shortly before 9 o'clock, the House voted, 137-61, to pass a bill that would initially more than double the number of senior citizens eligible for property-tax rebate checks. Later, it would also help offset property-tax bills for other homeowners through revenue from slot-machine gambling. In Philadelphia, most residents would receive wage-tax relief instead, although city seniors would qualify for expanded property-tax and rent rebates.
November 9, 2012 |
Though he was sacked an astounding 29 times in 10 games as the 1976 Eagles starting quarterback, there were other reasons Mike Boryla never felt entirely comfortable in pro football. The sport's one-dimensional demands confined the curious Stanford graduate, whose restless mind and varied interests were, then as now, football anomalies. "I never really considered myself a football player," Boryla said earlier this week from his Colorado home. "I considered myself a student, an intellectual.
June 24, 2011 |
Michael F. Beausang Jr., 75, of Devon, who practiced law in King of Prussia for 40 years, died Monday, June 20, of complications of a ruptured appendix at the nursing center at Dunwoody in Newtown Square. Since 1971, Mr. Beausang had a been a member of the law firm of Butera, Beausang, Cohen & Brennan. He specialized in corporate, insurance, banking, and tax law, and served on the boards of several insurance companies and banks. He published numerous articles in professional publications including Tax Management Portfolios and for the Bureau of National Affairs, a publisher of news on law and other subjects.
December 5, 2014 |
Rather than taking on the hard work of genuine tax reform, Congress plans to continue its sloppy approach to the issue by extending roughly 50 temporary tax breaks for another year. That sets up another crisis next year. It also means individuals and businesses can't keep accurate budgets because they don't know if their tax breaks will survive the next hostage-taking episode in Washington. The wind energy business, for example, is slumping because a key tax credit expired last year.
April 18, 1994 |
Here are some reasons I have such deep admiration and respect for Congress and the thousands of federal bureaucrats who oversee our lives. In 1913, Americans began paying income tax. That year, the standard individual tax form - the 1040 - was three pages long. It came with one page of instructions. I have a copy of that original 1040. The page of instructions was numbered from 1 to 20 and written in clear, everyday language. The three-page tax form was so simple that anybody who could read, write and do basic arithmetic could handle it. Rich, middle-class or poor, you would have no need to pay H&R Block or a CPA. That year, the entire federal income-tax law, covering everyone in the country, was 16 pages long.
December 10, 2014
ISSUE | OBAMACARE In law's complexity, confirmation of ills Janet Trautwein of the National Association of Health Underwriters tells us that we should solicit advice from a licensed professional agent to sort out all the confusion about the health-care law ("Advice to the confused: Get an adviser," Dec. 8). So now we must not only pay an accountant to do our annual taxes, since tax law is almost too complicated for an average citizen to keep up with, but we must pay an agent to advise us on how to obtain health insurance, which will, most assuredly, also cost more.