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Not really, where you work is where you pay taxes, not where you live...
Not true.
Back in Army times, many troops would switch residency to Texas, as there is no Income Tax, and then actually work all over the US and the World. Still goes on as common practice.
Still works the same for me when I am working out-of-state.
Back in Army times, many troops would switch residency to Texas, as there is no Income Tax, and then actually work all over the US and the World. Still goes on as common practice.
Still works the same for me when I am working out-of-state.
The key is usually a "residency" status.
I have worked out of state many times in the last couple of years and although state law varies, you pay taxes to one state (the state you worked in) versus where you live. However there are some states that have "neighbor state" exclusion rules and some states allow deduction from states where you worked in and filed your taxes (where you are suppose to file, and if you didn't, consider yourself lucky they haven't asked for backed taxes). Regardless only one state collects your income tax and unless there are "special" rules, it is the state where you work in...
In L.A., many people-- actors, directors, producers, writers and crew-- work project by project for multiple employers in multiple locations, and they can live anywhere they want. They pay income taxes to their state of legal domicile and if they have multiple residences, that will most likely not be CA. I've worked in the entertainment industry for years and it doesn't matter where I work-- just where I have established residency.
You've got to be a complete idiot to tie your fortunes to the ups and downs of real estate.
Did California really think that home prices would just keep going up and up in 2004 or 05?
Why doesn't this information come down to state employees *before* things crash and they have to cut hours/benefits?
Why doesn't the media report on it in a straight forward way. They report on California in the A section or B section of the paper. Then the money section is C. Can't anyone connect the dots?
Seems so unbelievably stupid for a prosperous state like Ca.
-A. It goes broke when things go south. They know we're going to have recessions in the future.
-B. Employees are hurt, hours are cut, or wages, benefits. And no one seems to be in the loop.
-C. The media seems to be incapable of connecting the dots and presenting the story in a clear way that people can understand.
Totally laughable. A gigantic state gets levered to real estate. And when that goes south, the roads, infrastructure, service, wages, etc go down.
So what exactly are they going to do? I hear things about government agencies shutting down for a day a week to save cash, but what does that really do in the long run? Why not start have a look at what they do vs. other states and give serious thought to shutting down those type of programs first? Those type of things are probably the least necessary.
aaah you smell that? I farted...and that is what I think of California most of the time...a big wet fart...this state stinks...
"California...1,000,000 illegal immigrants and counting."
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,830,626 times
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Quote:
Originally Posted by Philip T
Not true.
Back in Army times, many troops would switch residency to Texas, as there is no Income Tax, and then actually work all over the US and the World. Still goes on as common practice.
Still works the same for me when I am working out-of-state.
The key is usually a "residency" status.
Yeah, switched my home of record to Florida (my brother lived there) and "lived" in Florida for 8 years out of the 9 and a 1/2 I was in.
Back in Army times, many troops would switch residency to Texas, as there is no Income Tax, and then actually work all over the US and the World. Still goes on as common practice.
Still works the same for me when I am working out-of-state.
The key is usually a "residency" status.
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