The nation's largest publicly held greeting card manufacturer, is launching a study to determine whether they should move the company's world headquarters from the city of Brooklyn Ohio.
Reason: residents voted to raise the city's payroll tax 25%.
Cities or incorporated communities may levy city taxes. A taxpayer is usually responsible for TWO types of city taxes:
- Employment Tax – to cities where the taxpayer is employed or conducts business
- Residence Tax – to city where the taxpayer lived when income was earned
Moral of the story: residents have no reason to complain about their high city tax rates because it's the residents who control them. Reject tax increase proposals on Election Day. Even better: vote against council members and mayors who propose income tax hikes. The effects of a large company moving out of the city could be devastating. Just ask the Brooklyn City Schools.