Uncover the Surprising Truth about Local Income Taxes

Tax rates imposed at the local level are lower than those at the federal and state level. They'll still impact your income if you live in any locations that impose such taxes. Some of them charge a percentage of income ranging from 0.01% all the way up to nearly 3.9% in New York City. While others charge a flat rate per employee or per pay period ranging from $2 up to over $50 per month. In most cases, these taxes apply if you work in their jurisdiction regardless of where you live. Moreover, if you live and work in different jurisdictions you may be required to pay local income taxes in both locations.