I know that the tax rate varies based on how happy the Sims are. Let's say my Sims are 99% happy. The tax rate is 20%. But 20% of what?
City hall says I get a tax rate of 20%, which equals §12075 every 24 hours.
If the tax rate were based on population, my population is 104184, so times 20% = §20837. That can't be it, so it must be something else.