September 8, 2015 |
A group of Philadelphia civic and business leaders on Labor Day released a report projecting 79,000 new jobs in the city over the next decade if politicians agree to a major revamp of the city's tax structure. The study, commissioned by the Philadelphia Growth Coalition, is the latest volley in an effort to build support for a change to the Pennsylvania Constitution that would allow the city to tax commercial real estate at a higher rate than residential property. The current tax rate of 1.4 percent applies to all real estate.
August 31, 2015 |
Stanley Amland threw it off. So did Ingrid Bracke. Rhoda May Derksen ditched hers, too. The names, picked at random for this article from the Federal Register, are among the 3,415 Americans who renounced their U.S. citizenship or relinquished their residency permits last year. As a national debate rages about "anchor babies" and the constitutional amendment that grants "birthright citizenship" to anyone born on U.S. soil, a record number of Americans and green-card holders are becoming ex-Americans.
August 29, 2015 |
Over the years, New Jersey officials have come up with one scheme after another to revive Camden, the state's poorest city. First, there was the entertainment zone along the Delaware waterfront. Now, there is the Gateway District off Admiral Wilson Boulevard, near Campbell Soup. All have involved oodles of tax breaks, acres of surface parking, and relatively few jobs for the long-suffering residents of Camden. Subaru of America is the latest beneficiary of the state's generosity, and it appears to be following the same script in the name of bolstering Camden's anorexic economy.
August 28, 2015 |
The Strawberry Mansion funeral home that stashed three decomposing bodies in a garage, where they were discovered earlier this week, was cited in May for operating with an expired license, state records show. The license for Powell Mortuary Services at 2432 N. 27th St. expired in 2012, but the business continued to operate, hosting services as recently as January 2015, records show. And its director, Janet Powell Dailey, worked as a funeral director for a year though her license to do that work had also expired, according to the records.
August 24, 2015
ISSUE | TAX BREAKS Stuck in reverse The recently unveiled plans for a new Subaru of America headquarters in Camden are extremely disappointing. They consist of two squat buildings and more than 1,000 parking spaces. We taxpayers are to give up $118 million in tax revenue so that Subaru can build an outdated, suburban-style office complex within a 13-minute walk of the biggest transit hub in South Jersey. This will do nothing to revitalize the city. That would require it to encourage interaction with the city around it, and this plan pretty much guarantees that will never happen.
August 14, 2015 |
A TAX PREPARER who falsely listed foster and disabled kids as dependents on clients' tax returns, defrauding the IRS of millions of dollars, was sentenced yesterday to seven years, 10 months in federal prison. Dauda Koroma, 43, worked at Medmans Financial Services in Southwest Philly. He was one of nine people charged in the case. Koroma, a citizen of Sierra Leone, pleaded guilty in October to charges of conspiracy, filing false tax returns, fraud and aggravated identity theft.
August 12, 2015 |
The New Jersey Economic Development Authority will consider requests Tuesday from two companies seeking tax incentives in exchange for putting down roots in Camden. Chef'd, a California-based company that provides customers with recipes and ingredients for cooking gourmet meals, has requested $19 million in tax credits over 10 years to locate in Camden. A second company, Great Socks, has requested $15 million in credits over a 10-year period. More information about the projects will be made available Tuesday.
August 7, 2015 |
The city might have to use some of the $2 million it earned in a tax lien sale this summer to buy back some of the very liens it sold. Since the dust settled from the June 29 tax lien sale, city government has been getting backlash from some of the 218 Philadelphia property owners whose liens were sold - specifically, that they should not have been. For instance, the Philadelphia Fraternal Order of Police lodge says it was waiting to hear back on tax abatement and exemption applications when it received notice that the lien on its headquarters at 11630 Caroline Rd. had been sold.
August 7, 2015 |
AS IF THE thought of paying $1.7 million in restitution to the IRS weren't enough of a shock, a Delaware County man sentenced yesterday lost his footing and hit his head on the defense table in federal court. William Frio, 59, of Springfield Township, was sentenced to five years in prison for his part in a money-skimming and tax-evasion scheme as the accountant for the Nifty Fifty's restaurant chain. Despite the brief commotion, Frio's attorney Michael Engle reported that his client was checked out by a medic from the Marshals' Office, but did not lose consciousness or go to the hospital.
August 2, 2015 |
Just in time to save his house from sheriff's sale, tax protester Steven Piotrowski said, he decided to cave in and pay his $831.60 property-tax bill. With 83,160 pennies. It turned out to be harder than he thought. After he visited 15 banks in three days, he did gather about 50,000 of the copper coins. That was enough to pay $500 of the $831.60 levy, plus liens, on his 480-square-foot manufactured home in Lower Providence Township, Montgomery County. And although he had to compromise and throw in some nickels, dimes, and even - gasp - dollars to pay his bill Friday, he said he believes he made his point: Property taxes constitute "financial slavery," forcing him to pay for a public-school system he doesn't support.