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$10,000 in local income tax? That’s something like double what the median U.S. household pays in Federal income tax! If that’s the kind of tax base required fo
by twoodfin 5y ago
$10,000 in local income tax? That’s something like double what the median U.S. household pays in Federal income tax!
If that’s the kind of tax base required for a “strong town”, we’re really tilting at windmills here.
- sgerenser 5y agoUnless intrasight makes 1M$/year or more, that truly is an incredible income tax rate for a town.
- intrasight 5y agoOpps - that included state 3% income tax. Local income tax rate is 1.3% 0.3% of that goes to school - which is on top of the $5K from property tax that goes to school (the other $3k of property tax goes to both town and county)