The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  City income taxes Date:  11/27/1999  9:54 PM
Author:  ironh Number:  21898 of 127621

I live outside the city limits , so even though my income is derived from inside the city limits ,I have never had to pay city taxes . Now that I own rental property inside the city I am told I must pay city income tax on the profit from the rentals. Can this be true ? I dont understand the difference in income from my job and income from the rentals . both incomes are from inside the city and both go to me outside the city . Why would one be exempt and the other not ?

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us