City Council’s liberal core is pushing for a new tax on stocks, bonds and other investments that they say will target the richest Philadelphians and help bolster the city’s public services.
Dubbed the “Philly Wealth Tax” and also known as a personal property tax, the measure, which proponents say could raise $240 to $280 million a year, would impose a 0.4% levy, or $4 for every $1,000.
