I'm Confused
When talking about the property tax/rent rebate program Governor Rendell said some people would be getting "significant property tax relief."
Now, when he's talking about raising the personal income tax he says it "will cost the average Pennsylvania family less than $5 a week." -- Ya know, like it's chump change.
Here's where I'm confused:
A household that makes $35,000 a year gets a rebate of $250.
A household that makes $35,000 a year would pay an additional PIT of $260 a year.
I'll admit I'm not very good at math, but isn't that a net loss of $10 a year?
Now, when he's talking about raising the personal income tax he says it "will cost the average Pennsylvania family less than $5 a week." -- Ya know, like it's chump change.
Here's where I'm confused:
A household that makes $35,000 a year gets a rebate of $250.
A household that makes $35,000 a year would pay an additional PIT of $260 a year.
I'll admit I'm not very good at math, but isn't that a net loss of $10 a year?
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Comments
Not sure what your point is Anne.
I hate that the state has those income charts but doesn't make it clear that you count only half your SS. I wonder how many folks see that chart and figure they make too much?
Enjoy the blog!