Section 3402-201 - Residents and nonresidentsA. A tax is hereby imposed upon every resident taxpayer of this Commonwealth, which tax shall be levied, collected and paid annually, with respect to his entire net income as herein defined, computed at the following rates, after deducting the exemptions provided in this act: (1) Two per centum of the amount of net income not exceeding five thousand dollars ($5,000.00);(2) Two and one-half per centum of the amount of the net income in excess of five thousand dollars ($5,000.00), but not in excess of ten thousand dollars ($10,000.00);(3) Three per centum of the amount of net income in excess of ten thousand dollars ($10,000.00), but not in excess of twenty-five thousand dollars ($25,000.00);(4) Four per centum of the amount of net income in excess of twenty-five thousand dollars ($25,000.00), but not in excess of fifty thousand dollars ($50,000.00);(5) Five per centum of the amount of net income in excess of fifty thousand dollars ($50,000.00), but not in excess of seventy-five thousand dollars ($75,000.00);(6) Six per centum of the amount of net income in excess of seventy-five thousand dollars ($75,000.00), but not in excess of one hundred thousand dollars ($100,000.00);(7) Eight per centum of the amount of net income in excess of one hundred thousand dollars ($100,000.00).B. A like tax is hereby imposed, and shall be levied and collected and paid annually, at the rates specified in this section, upon and with respect to the entire net income as herein defined, from all property owned and from every business, trade, occupation or profession carried on in this Commonwealth by natural persons not residents of this Commonwealth.1935, July 12, P.L. 970, No. 314, art. II, § 201.