Thursday, September 17, 2009

Another way of looking at this EIT issue

Entities that were OVERpaid EIT revenues*
Name Percent overpaid
Cleona Borough 10
North Annville Township 39
South Annville Township 31
Cornwall Borough 59
Mt. Gretna Borough 180
West Cornwall Township 17
Heidelberg Township 54
East Hanover Township 22

Entities that were UNDERpaid EIT revenues
Name Percent UNDERPAID

North Cornwall Township -10
North Lebanon Township -20
South Lebanon Township -14
Lebanon City (with Annex) -11
West Lebanon Township -28
Jonestown Borough -35
Swatara Township -11
Union Township -16
North Londonderry Township -16
South Londonderry Township -18

Entities paid a relatively appropriate amount (deviation of 6% or less)
Annville Township
Jackson Township
Millcreek Township
Myerstown Township
Richland Borough
Palmyra Borough

*Averages over 2004, 2005, and 2006. Calculations do not adjust for fees and such that are usually taken from such revenues and are not foolproof. Thus, they may be off by a few percentage points. If so, I would say that the appropriate adjustment would be to shave at least 3 percentage points off all calculations. Still, even after considering these factors, the pattern—or the outlier, is glaringly apparent.

1 comment:

Anonymous said...

This reminds me of the three bears story...
1. Too Hot. Too much money distributed.
2. Too Cold. Too little money distributed.
3. Just Right. The right amount of money distributed.
4. Goldielocks. The guy who embezzeled 800g from the EIT income.
Does all of this add up to the exact amount deducted from all of the taxpayers paychecks?