Earned Income Tax!
I have really come to hate filling this out!
Just in case you don't know residents are required to fill out and file quarterly Earned Income Tax statements. The Earned Income Tax is a 1 percent tax on earned income that has to be paid quarterly. If you make under $3,000 a year then you don't have to pay the tax but you do still have to fill out the form - even if you have no earned income for the past quarter. You have to fill out the form and note the reason why you don't have any earned income - to make a long story short you have to fill this out regardless of whether you have any earned income that has to be taxed.
The next quarterly statement is due by October 31st, 2007 and it is for income made between July 1st and September 30th of 2007. And just like the federal tax you have the yearly form which is due by April 15th of next year.
Now we already have 2 other taxes that have to be paid by homeowners in the area. One is the property tax and the other is the school tax. And this earned income tax would be the third tax payment that has to be made / filled out.
I still hate it!
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