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Board examines income-tax alternatives — traditional vs. earned — but conversion not feasible this year
Summary
District staff spent part of the June 4 work session explaining income-tax alternatives, how they differ from property levies and why conversion to an earned-income base would take time and additional steps.
District staff spent part of the June 4 work session explaining income-tax alternatives, how they differ from property levies and why conversion to an earned-income base would take time and additional steps.
Presenters said Perrysburg currently collects a 0.5% traditional local income tax and described the traditional base (wages, interest, dividends, pension income, social security as applicable) versus an earned-income tax, which covers wages, salaries and net self-employment income but excludes dividends, interest and many other nonwage items. Staff noted that an earned-income base typically produces a smaller tax base, so the percentage required to…
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