Tax Question
aka allbottle¬hrottle
Joined: Jun 2007
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From: Brooklyn New York The DVL and the chicken sleep with the fishes....
St. Jude Donor '08
No you wont . Goes by where you live not where you work . As such you wont have to pay city income tax , but you will get slammed by the higher property tax out in Westchester . It starts working in your favor at about the 175K a year mark ....
Melting Slicks
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From: Tannersville PA
St. Jude Donor '08
Yonkers seems to have a non-resident tax on income earned in Yonkers, but NYC tax tables all seem to refer to being a resident of NYC:
http://www.tax.state.ny.us/pit/incom...tax_tables.htm
I know NJ taxes all non-residents who earn in NJ even if they live in NY (and then you have to take a credit on your NY taxes to offset it).
They hit you even if you lived in a hotel for a week while working on a project at the NJ office of your firm, even if you live in Montana. Gotta pay NJ income taxees for the week you were in the hotel. And if you don't file, they'll compute it themselves and put a lien against your federal tax return. NJ Sucks.
http://www.tax.state.ny.us/pit/incom...tax_tables.htm
I know NJ taxes all non-residents who earn in NJ even if they live in NY (and then you have to take a credit on your NY taxes to offset it).
They hit you even if you lived in a hotel for a week while working on a project at the NJ office of your firm, even if you live in Montana. Gotta pay NJ income taxees for the week you were in the hotel. And if you don't file, they'll compute it themselves and put a lien against your federal tax return. NJ Sucks.
Melting Slicks
Joined: Jul 2004
Posts: 2,186
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Le Mans Master
Joined: Aug 2004
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From: Southern New Jersey, The wet part at the bottom
St. Jude Donor '08-'09-'10
Here in NJ (and Pa) I've heard it refered to as a "City Wage Tax. I've paid it in almost every job I've had around here since I was a teen. Every City has a different tax (percentage). I've paid as little as a quarter of a percent (why bother?) and as much as 8%. But as posted previously, it's where ya work, not where ya live. Where ya live is tax wise a real screwin' no matter where that might be. I believe Taxes are the biggest contributor to Inflation and higher costs of living than anything else we've seen to date (of course other than this out of control energy rise in costs that is screwin' everything up. I'm retired and poor, but even I can feel bad for the folks that have a tall mortgage and are over extended in these times. Some have heard me say "I think this winter will separate the men from the boys and we'll all wake up to a much different America next spring". Already 3 folks that work for the same "company" that the Wife does have taken their own lives, it's going to get bumpy.
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aka allbottle¬hrottle
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From: Brooklyn New York The DVL and the chicken sleep with the fishes....
St. Jude Donor '08
Race Director
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my experience has been that living outside of nyc but working (or generating) income while in nyc means you get to pay your fair share of the bloated city budget....
...but that unwilling contribution is offset on your ny state taxes. your accountant will (or should!) know this.
...but that unwilling contribution is offset on your ny state taxes. your accountant will (or should!) know this.
Team Owner
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From: Brooklyn, NYC .. If I can make it there, I can make it anywhere, New York, New York - Fred Ebb
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St. Jude Donor '08-'09-'10
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From: Brooklyn, NYC .. If I can make it there, I can make it anywhere, New York, New York - Fred Ebb
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St. Jude Donor '08-'09-'10
Le Mans Master
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From: Farmingdale NY
St. Jude Donor '06
I feel your pain. I was a City resident for the first 40 years before moving to the burbs.
I think you get to pay what they call the "Commuter Tax". It is much less than the City resident tax, but still a tax.
If you are one of the lucky people that work for the City itself and you work for what they call a "Mayoral Agency" (basically any agency that has a Commissioner)and move outside of NYC, you also get to pay what is called a "City Tax Waiver".
The City tax Waiver is basically the difference between the commuter tax and what a City resident pays.
There are no free rides. The City of New York will get you either way if you live or work there.
The flip side is that if it weren't for NYC we would all be picking vegetables, milking cows, and have a regional median income of about 35K while living in homes worth about 90K.
I think you get to pay what they call the "Commuter Tax". It is much less than the City resident tax, but still a tax.
If you are one of the lucky people that work for the City itself and you work for what they call a "Mayoral Agency" (basically any agency that has a Commissioner)and move outside of NYC, you also get to pay what is called a "City Tax Waiver".
The City tax Waiver is basically the difference between the commuter tax and what a City resident pays.
There are no free rides. The City of New York will get you either way if you live or work there.
The flip side is that if it weren't for NYC we would all be picking vegetables, milking cows, and have a regional median income of about 35K while living in homes worth about 90K.
Last edited by JVM225; Jun 17, 2008 at 06:38 PM.
Le Mans Master
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From: Hudson Valley Region, NY The "sonoma/napa" of the Northeast~~~~~ Are we there yet?
St. Jude Donor '08
But to clarify.. income tax is based where the home office that issues your check is located. Hence you might have a city office but if your check comes from corporate in Mass.. your going to pay Mass. tax. Where in Westchester? I hope not Yonkers.. cause then your going to pay a Yonkers City Tax
Melting Slicks
Joined: Nov 2004
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From: Roselle Park NJ
St. Jude Donor '07 thru '25
Yonkers seems to have a non-resident tax on income earned in Yonkers, but NYC tax tables all seem to refer to being a resident of NYC:
http://www.tax.state.ny.us/pit/incom...tax_tables.htm
I know NJ taxes all non-residents who earn in NJ even if they live in NY (and then you have to take a credit on your NY taxes to offset it).
They hit you even if you lived in a hotel for a week while working on a project at the NJ office of your firm, even if you live in Montana. Gotta pay NJ income taxees for the week you were in the hotel. And if you don't file, they'll compute it themselves and put a lien against your federal tax return. NJ Sucks.
http://www.tax.state.ny.us/pit/incom...tax_tables.htm
I know NJ taxes all non-residents who earn in NJ even if they live in NY (and then you have to take a credit on your NY taxes to offset it).
They hit you even if you lived in a hotel for a week while working on a project at the NJ office of your firm, even if you live in Montana. Gotta pay NJ income taxees for the week you were in the hotel. And if you don't file, they'll compute it themselves and put a lien against your federal tax return. NJ Sucks.
