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What is the City of IncomeTax Rate and what type of Income is taxable?

April 26, 2017city income incometax rate taxable type

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What is the City of IncomeTax Rate and what type of Income is taxable?

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The IncomeTax rate is one percent (1%) for residents and 1/2% for non-residents. Generally, gross income (including income which is deferred) and business net profits are taxable. A list of taxable and non-taxable income is available from our IncomeTax Office and on our instruction sheet.