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JPZenger

(6,819 posts)
Fri Mar 29, 2013, 12:56 PM Mar 2013

While schools are starving, PA Legislature voting on inheritance & private jet tax breaks

http://pennbpc.org/kids-or-tax-breaks

Excerpts:

"After making deep cuts to schools, early childhood education, and health and human services, Pennsylvania lawmakers are now considering new tax breaks that will largely benefit a small number of higher-income earners...

House Bill 1100 exempts sales tax on the purchase of private and corporate aircraft, jet parts, and aircraft maintenance and repair. A car or truck purchase will be subject to sales tax, but those in the market for a private jet will get a tax break.

Approved by the House Finance Committee - Estimated cost: $14 million annually.

Senate Bill 303 creates a new loophole in the state inheritance tax. It allows business owners to bequeath business assets tax-free to their heirs – an advantage unavailable to most hardworking Pennsylvanians who inherit a family home or car.

Approved unanimously by the Senate Finance Committee. Estimated cost: Millions annually."
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While schools are starving, PA Legislature voting on inheritance & private jet tax breaks (Original Post) JPZenger Mar 2013 OP
. blkmusclmachine Mar 2013 #1
Don't you understand? GeoWilliam750 Mar 2013 #2

GeoWilliam750

(2,519 posts)
2. Don't you understand?
Fri Mar 29, 2013, 07:18 PM
Mar 2013

Those super-wealthy need those tax breaks in order to create jobs.

How can the education of our children compare with that?

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