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Ohio Estimated Income Tax Payment Coupon for Investors in Pass through Entities  Form

Ohio Estimated Income Tax Payment Coupon for Investors in Pass through Entities Form

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as a resident of Ohio you expect to pay federal and state taxes on the other hand Municipal income taxes are a mystery to taxpayers have you ever wondered what Municipal income taxes are for and why you have to pay them simply put any business or person with taxable income is required to pay a municipal or local income tax when they do business work or live in a city or Village that has an income tax in Ohio and remember almost all municipalities in Ohio now have an income tax on average the tax rate is around 2 percent but the rate can vary depending on the municipality in which you live or work unlike federal and state taxes you can actually see these tax dollars at work in your everyday life the benefits of these tax dollars directly affect you and your community and you may not even know it the money raised through Municipal income taxes can make up as much as two-thirds of a city or Village's annual budget and help pay for its day-to-day operations operations like Safety Services

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