Toward a Fair PA Tax System

Sharon Ward, Michael Wood |

Pennsylvania has a famously antiquated corporation tax system. This system taxes the profits of some home-grown Pennsylvania corporations at relatively high rates, allows many major multi-state corporations to avoid some or all Pennsylvania taxes, and taxes the profits of a third group of corporations at the state‰’s very low personal income tax (PIT) rate. The end result is a system that is both unfair to some businesses and sufficiently porous to leave individuals paying a growing share of total state revenues