In Sidney, Ohio, as the Primary Election looms, there’s a lot of talk about two types of taxes: Earned Income Tax and Gross Income Tax. Bob Guillozet, a county commissioner leading the campaign for Sidney’s ½% Earned Income Tax Levy, wants folks to understand the difference. He explains that Gross Income covers all earnings in a year, including from work and investments, while Earned Income only includes money from work like wages, commissions, and business profits after expenses. This means things like pension benefits and Social Security aren’t counted as Earned Income.
Understanding the Difference: Earned Income Tax vs. Gross Income Tax in Sidney’s Primary Election
Even if You Work in Sidney, You’ll Pay! Help Maintain Vital Services: Fixing Streets, Boosting Emergency Personnel, and More
Guillozet emphasizes that even if you live outside Sidney, if you work there, you’ll still pay the tax. It’s crucial because the funds collected will be used for vital city operations. This includes fixing streets and bridges, upgrading parks, and boosting emergency services with more firefighters, paramedics, and police officers per shift. With Sidney’s growth, maintaining these services is essential.
Mayor Mike Barhorst echoes this sentiment, highlighting the city’s increasing financial needs over the years. Unfunded requests for services have skyrocketed, reaching almost $59 million this year. He stresses that the expiring street levy, combined with rising costs, means Sidney needs voters’ support to continue providing necessary services.
READ ALSO: Last Chance To Claim Up To $300 From Grande Cosmetics Settlement For False Advertising!
Register to Vote and Decide Sidney’s Future! Learn About Taxes and Support City Progress
The urgency is clear: the voter registration deadline is approaching, with absentee and early in-person voting starting soon. Sidney is on the move, and Barhorst urges residents to show their support by voting for the levy, ensuring the city’s progress continues.
In essence, understanding the difference between Gross and Earned Income Tax is crucial for Sidney residents. Their votes will determine the future of essential services in the city, making it vital for everyone to grasp the significance of the upcoming election and the proposed tax levy.
READ ALSO: Americans Eligible For Emergency Payments Up To $500 From Operation Fuel In Connecticut
