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Mar
29
2022
NEWS ARTICLE

City Council-members call for wealth tax in Philadelphia

Philadelphia City Council-members Kendra Brooks and Jamie Gauthier joined Massachusetts Senator Elizabeth Warren, and local union leaders today in calling for a wealth tax on Philadelphia residents who hold stocks and bonds. The bill would revive an old statewide Personal Property Tax at a rate of 0.4%. Under the tax, someone holding $1,000 worth of stock would pay $4, for example…