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Occupational Privilege Tax: Wikis

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Occupational Privilege Tax

Various state and local taxing authorities require an employer or the employee to withhold and remit a tax on the wages paid to the employee. Some states require both the employer and employee to remit a portion of the total Occupational Privilege Tax (OPT).[1] The genesis of this tax is the state’s claim in recovering accrued benefits provided to the taxpayer in enabling them to become employed and allowing for the municipality to further provide for taxpayers in the future.

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