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Pennsylvania Illustrated: A Visual Guide to Taxes & The Economy

TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. es are complicated. Each state’s tax code is a multifaceted system with many moving parts, and Pennsylvania is no exception. This chart book aims to help readers understand Pennsylvania’s overall economy and tax system from a broad perspective. It also provides detailed illustrations of each of Pennsylvania’s major taxes—individual income taxes, business taxes, sales and excise taxes, and property taxA property tax is primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment. Property taxes are the single largest source of state and local revenue in the U.S. and help fund schools, roads, police, and other services. es—to help make the complicated task of understanding the state’s tax code a bit easier.