“Taxable income” means any and all income earned or received by an individual or an entity, the taxation of which by the City is not prohibited by Federal law, State law or specifically exempted under Section 185.0901 of this chapter. Wages, salaries and any state lottery winnings, gambling or games of chance winnings, totaling one hundred thousand dollars ($100,000) gross in winnings or more, shall be considered taxable income. All employee compensation, before any deduction and/or the net profits from the operation of a business, profession or other enterprise or activity adjusted in accordance with the provisions of this chapter, shall be considered taxable income. (Ord. 2004-8. Passed 5-13-04.)