Civic News

Philly has second highest tax burden among U.S. cities, says Marketwatch

Philadelphia has the second highest overall tax burden among big cities, according to analysis from Marketwatch. Though the report acknowledges recent improvements, the assessment still runs counter to a recent Pew Report that suggested stark changes in the last decade to the tax climate here (and other context). Whatever the case, lists tend to be […]

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Philadelphia has the second highest overall tax burden among big cities, according to analysis from Marketwatch.

Though the report acknowledges recent improvements, the assessment still runs counter to a recent Pew Report that suggested stark changes in the last decade to the tax climate here (and other context). Whatever the case, lists tend to be representative of perception, and here is another one noting Philly’s business climate.

Philly was only called better than Bridgeport, Conn. and just worse than Cleveland. Chicago, New York, Los Angeles and Baltimore also make the list of the 10 worst.

From the report:

“A family of three that made just $25,000 a year in 2011 would have been stuck with a tax burden worth a whopping 18.1% of their income, tied with Birmingham, Ala., for the highest of all cities. Taxes did ease a bit as one moved down the sliding scale, although burdens were still near the top. For a family of three making $150,000 in 2011, the total tax burden was 13.3%—the second highest of all cities measured by the report.”

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