Taxes

City Council is close to an agreement on a bill that would create a new tax on residential construction and push back a change to the city’s controversial development subsidy.

City Council passed a bill lowering the city’s parking tax. The move would roll back progress on meeting city goals and generating revenue at a time of financial crisis.

Philadelphia residents Jarredd McQueen, Demarys Natal and Nicole Mixon are being charged with allegedly soliciting and accepting bribes totaling an estimated $57,900.

School districts are still owed millions and have already passed budgets and set tax rates, putting more pressure on lawmakers in Harrisburg to come up with a solution.

A construction impact tax could support small businesses, job growth and affordable housing for those who need it the most in Philadelphia.

China is one of only three foreign nations — the others are Britain and Ireland — where Trump maintains a bank account, according to a Times analysis of Trump's tax records.

A district court judge had rejected renewed efforts to invalidate a subpoena that the office of Manhattan District Attorney Cyrus Vance Jr. issued to Trump’s accounting firm.

By implementing a land value tax, Philadelphia could alleviate tax burdens on its most at-risk populations and help the city’s economy.

The Bidens’ returns show the couple paid almost $300,000 in federal taxes in 2019, including almost $288,000 in personal income tax.

President Trump has reportedly claimed tens of thousands of dollars in tax deductions over expenses such as haircuts.

Federal law already exempts combat pay from income tax, but the N.J. law means pay residents earn while in combat zones won’t be subject to the state’s income tax as well.

The president is waging multiple court battles to shield his finances from scrutiny, including two cases involving subpoenas issued to his personal accounting firm.

Trump, according to his latest financial disclosure statement, reported that he had 14 loans on 12 properties.

Trump characteristically pushed those strategies to shrink his tax bill to the limit, perhaps to the breaking point.

President Trump paid $750 in federal income taxes in 2016 and 2017, according to the Times, which also says he’s fighting an IRS audit that could cost him over $100 million.