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Philadelphia looking to collect obscure tax to help schools

This article was originally published in The Notebook. In August 2020, The Notebook became Chalkbeat Philadelphia.

by Tom MacDonald for NewsWorks

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Philadelphia City Council is investigating ways to do a better job of collecting a virtually unknown tax.

The School Income Tax is nearly 4 percent on unearned income from Philadelphia residents — for example, stock dividends, casino winnings, and rental income.

Councilwoman Blondell Reynolds Brown says that it brings in nearly $28 million a year but that $5 million goes uncollected.

Read the rest of this story at NewsWorks

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