February 12, 2024
Hello to All in the Northwest Community!
This is a reminder that we are asking all to make sure you vote on March 19 on Issue 20 which is for the renewal of the 1% Income Tax on Earned Income (NOT A NEW TAX).
Here are a few facts to consider:
The reasons for the renewal of the income tax on earned income:
- Maintaining and possibly expanding the programming opportunities for all students
- Attracting and retaining the best teachers available for all of Northwest
- Maintaining and possibly expanding the facilities around the Northwest Campus
On our website, we attempt to answer all of the questions on the renewal that we have received since the beginning of the school year. All of our Q & A speaks directly to the reasons listed above.
Another important fact of the renewal request to consider:
THIS IS NOT A NEW TAX. An earned income tax will only tax W-2 compensation or self-employment income that is subject to the self-employment tax. INCOME that is NOT TAXED would include the following:
- Retirement income
- Social Security income
- IRA distributions previously taxed
- Pensions
- Unemployment compensation
- Workers compensation
- Interest and dividends
- Capital gains
- Royalties
- Profit from rental activities
- Lottery winnings
- Distributive shares of profit from corporations
- Alimony received
- Distributions from trusts and estates
We have a lot of great things happening throughout our school district every single day! Your support will allow our students to keep moving forward as one of the best districts in all of Stark County!
If you have questions on any part of the 1% income tax on earned income, call me anytime at 330-573-9024.
Thank you and have an excellent day!
Shawn Braman