A bit less to Columbus a lot more to Wilmington
For
tax year 2015, the income tax rates have been reduced by 6.3% from
the 2014 rates.
In
2014 a Wilmington household with a taxable income of $60,000 owed
$1,668
in state income tax. Thanks
to Bob, Cliff and John the tax bill was reduced a whopping $105.00
for 2015.
In
the meantime, also so
thanks to our boys, the
state has
reduced tax revenue
sharing with cities like Wilmington while squirreling
away more
than $2 billion hard
cash in a reserve fund. The
reduction in revenue sharing has left most
cities, including
Wilmington, without
sufficient income to maintain their streets and provide essential
services.
The
cities have been forced to ask the voters to replace the lost revenue
with local tax levies. In Wilmington's case the $60,000 household is
being asked to increase the city earnings tax
by ½ percent
or $300
.
There
is no free lunch. Streets will not be paved for free and city cab
can't get free gasoline.
Paul
Hunter contact paulhunter45177@gmail.com
