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What is an “earned income only” school district?

April 26, 2017district School

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What is an “earned income only” school district?

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An “earned income only” school district is any school district whose voters have approved a school district income tax that applies only to earned income, such as wages and self-employment earnings, to include earnings from partnerships. The “earned income only” school district income tax excludes interest, dividends, capital gains, pensions, rental income, lottery winnings, and income earned by estates.