Philadelphia Encourages People to Shop Elsewhere
Facing a budget "crisis" due to outspending their tax revenue, Philadelphia is raising their sales tax to 8%! So, folks who live there pay heavy federal income tax, FICA tax, a 3.07% state income tax, property taxes and then if they want to buy something with what little is left they get charged an 8% sales tax. How will people respond? Those who can will shop elsewhere.
Ever notice politicians never seem to consider reducing spending? The first choice is always to raise taxes without considering the effect it will have on the economy.