July 13, 2004 -- The Philadelphia Department of Revenue has announced that the Philadelphia wage and net profits tax rates will remain the same through December 31, 2004 and will decrease thereafter. For Philadelphia residents, that rate is 4.4625% through December 31, 2004, and for non-residents it is 3.8801%. After December 2004, the combined rate for residents will become 4.331% and the combined rate for non-residents will be 3.8197%.

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