Wolf: Higher Taxes For You; Lower Levies For Him

In Pennsylvania, the Corbett-Cawley campaign today announced their latest television commercial, entitled “More and Less.” The ad focuses on the hypocrisy of Secretary Tom Wolf’s plan to raise tax rates on middle class families and businesses despite Wolf paying less than his fair share of personal and corporate taxes.

“Millionaire Secretary Tom Wolf is calling for higher taxes on middle class Pennsylvania families and businesses while simultaneously using every trick in the book to avoid paying his fair share of personal and corporate taxes,” stated Communications Director Chris Pack. “The more we learn about Secretary Tom Wolf, the more we realize that his actions don’t align with his campaign rhetoric. Secretary Tom Wolf demonstrates time and time again that he is an empty suit who is willing to say or do anything in an attempt to get elected.”

The commercial script and sources are listed below.

Millionaire Tom Wolf says as Governor he’ll raise the state income tax on many middle-class Pennsylvania families. [1] [2]

[On-screen text: “Wolf Says He Will Raise Certain Taxes” – KDKA TV, 6/19/14]

[On-screen text: “Wolf Calls for Income Tax Increase” – PoliticsPA, 7/28/14]

Wolf thinks these hardworking Pennsylvanians just aren’t paying their fair share.

The same Tom Wolf who made over a million dollars some years [3] but paid a tax rate [4] half of what the average Pennsylvanian paid [5] and moved his company to Delaware [6] to keep from paying his fair share of Pennsylvania taxes .

Tom Wolf – higher taxes for you, less for him.

Sources

[1] Associated Press – Wolf’s plan calls for a tax increase on those making more than $70,000-$90,000 to fund a tax cut for those on the lower end of the income spectrum.

[2] US Census Bureau – The $70,000-$90,000 range is well within the middle class in Pennsylvania. For example, median household income in Chester County is $86,184, in Montgomery County is $78,984, and in Bucks County is $76,859.

[3] York Daily Record – Wolf reported income over $1 million for each year 2010-2013

[4] York Daily Record – In 2010, Wolf reported a total tax of $107,824 on $1,468,996 in income (7.3%). Though we don’t have his tax returns to confirm, this amount likely does not take into account payroll taxes, which on his wages would increase his overall tax liability to approximately 8%.

[5] Congressional Budget Office – The average federal tax rate in 2010 was 18.1%, more than double the rate paid by Tom Wolf that year.

[6] Delaware Division of Corporations (Wolf Holdings Organization is a Delaware Domestic Corporation, with an incorporation date of 4/21/2006).