Chad Fain and Matt Cain are native Philadelphians with a penchant for the polarizing and an uncanny ability to be consistently clairvoyant. As a duo, they are intelligent, intellectual, insightful and always hilarious.
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7 days ago
7 days ago
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The City of Philadelphia is the oldest city in America and because of that we rely on tradition and history far too much at times. One of the huge historical detriments is how our city government elects to solve problems and budget deficits via the constant presence of taxes!! We already have larger sales tax than any other city or county in the state; as well as The Soda Tax and Philadelphia Wage Tax issued to all employees.
The BIRT (Business Income Receipts Tax) was introduced in 2018 as an additional tax measure to all businesses and is essentially a double tax on all business related revenue. Because of the presence of this tax and the city being unwilling to offer huge companies any significant abatements from it, the city has constantly missed out on other tax related revenue and economic impacts these companies would offer by headquartering in Philadelphia.
Today I am joined by two people who are both familiar with the BIRT Tax and are working to help abolish it or lessen its impact by assuring the $100,000 income threshold stays in place. These people are Founder/President/CEO of Empower Construction, William Bowie and Director of Special Projects for Councilman Isaiah Thomas Office, Preston Tilghman. Today they help navigate and simplify this complex topic by getting to the crux of the issue and encouraging all independent contractors and business owners to make their presence felt to all relevant city officials on this important matter.
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