What exactly is taxed in an earned income tax?

An earned income tax is exactly that; tax on income that is earned through employment or business operations. Retired senior citizens and those unemployed are not taxed. The following items are not taxed in an earned income tax:

  • Interest
  • Dividends
  • Capital gains
  • Pensions
  • Annuity income
  • Unemployment
  • Income from estates
  • Social security benefits

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1. What is the state of the city’s financial situation?
2. Why hasn’t the city informed the residents of this financial situation?
3. If the city knew it was spending its cash reserves, why is the music center being built?
4. How was the construction contract for the music center awarded?
5. How does the cost of our music center compare to the one built in Cincinnati?
6. What is the projected economic development impact of the music center?
7. What will the music center’s impact on our city’s safety services be?
8. Where can I view specific information regarding the city’s financial status?
9. Why is the city talking about raising taxes instead of making do with less money?
10. What exactly is taxed in an earned income tax?
11. How can I participate in having my voice heard by city officials?
12. Can the city explain the use of the Emergency Clause that seems to be used for legislative actions taken by the City?