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Old 11-09-2007, 12:45 PM
 
Location: Las Vegas
250 posts, read 1,112,996 times
Reputation: 130

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Quote:
Originally Posted by sam23 View Post
Thats why people are moving to PA....

If you move to PA and still work in NJ, do you have to pay state income tax for both states??
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Old 11-09-2007, 01:16 PM
 
197 posts, read 798,636 times
Reputation: 102
Quote:
Originally Posted by ndb3 View Post
If you move to PA and still work in NJ, do you have to pay state income tax for both states??
No. If you live in PA and work in NJ you pay a 3.2 percent income tax to PA, you don't pay NJ income tax. Also certain towns in PA require you to pay a wage tax (1%.) The catch is that in NJ, the state income tax is tiered, the more you make the more they can tax you. You could make 150k/yr. in NJ and be taxed at 9 percent, where as in PA the state income tax is fixed at 3.2%. In the long run as people earn more and more in their respective careers, where would you rather live?
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Old 11-10-2007, 08:40 AM
 
Location: 42°22'55.2"N 71°24'46.8"W
4,848 posts, read 11,815,153 times
Reputation: 2962
Quote:
Originally Posted by sam23 View Post
No. If you live in PA and work in NJ you pay a 3.2 percent income tax to PA, you don't pay NJ income tax. Also certain towns in PA require you to pay a wage tax (1%.) The catch is that in NJ, the state income tax is tiered, the more you make the more they can tax you. You could make 150k/yr. in NJ and be taxed at 9 percent, where as in PA the state income tax is fixed at 3.2%. In the long run as people earn more and more in their respective careers, where would you rather live?

Sam: I hope you haven't been doing this, since I'm pretty sure that's incorrect information. I'm an accountant in MA, but the law should be the same in PA/NJ too. If you live in a state that has lower income taxes than the state you work in, then you pay your state's taxes first, then you pay any leftovers to the state you work in. So in your case, you will pay 3.2% to PA and 5.8% to NJ.
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Old 11-10-2007, 08:48 AM
 
9,124 posts, read 36,385,838 times
Reputation: 3631
Quote:
Originally Posted by Parsec View Post
Sam: I hope you haven't been doing this, since I'm pretty sure that's incorrect information. I'm an accountant in MA, but the law should be the same in PA/NJ too. If you live in a state that has lower income taxes than the state you work in, then you pay your state's taxes first, then you pay any leftovers to the state you work in. So in your case, you will pay 3.2% to PA and 5.8% to NJ.
That's the way it works for everyone who lives in NJ and works in NY, and I believe it's the same with PA and NJ.
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Old 11-10-2007, 11:12 AM
 
Location: Las Vegas
250 posts, read 1,112,996 times
Reputation: 130
I thought what Sam had said sounded too good to be true.

So then does the NJ state tax come out of your pay check and the PA state tax paid at tax time?? How does it work?
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Old 11-10-2007, 11:12 AM
 
299 posts, read 1,333,639 times
Reputation: 123
Quote:
Originally Posted by ndb3 View Post
If you move to PA and still work in NJ, do you have to pay state income tax for both states??
I believe if you live in Pa & work in NJ you would have to pay NJ income tax but it would be credited towards your Pa taxes. To be sure ask an accountant
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Old 11-12-2007, 06:35 PM
 
197 posts, read 798,636 times
Reputation: 102
Quote:
Originally Posted by Kappy View Post
I believe if you live in Pa & work in NJ you would have to pay NJ income tax but it would be credited towards your Pa taxes. To be sure ask an accountant
check out this link this should clear up any tax questions....

State of New Jersey Division of Taxation (http://www.state.nj.us/treasury/taxation/index.html?njit25.htm~mainFrame - broken link)
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Old 11-12-2007, 09:22 PM
 
Location: NJ
15 posts, read 122,482 times
Reputation: 11
My husband and i are just starting out and CAN NOT afford anything...we're moving to colorado
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Old 11-12-2007, 09:24 PM
 
Location: NJ
15 posts, read 122,482 times
Reputation: 11
my husband and i CAN NOT afford anything in NJ it's absurd we're just starting out and i can't even afford to buy a house for my dog! especially in north jersey...we're moving to colorado
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Old 11-13-2007, 06:18 AM
 
Location: Atlantic Highlands NJ/Ponte Vedra FL/NYC
2,689 posts, read 3,967,554 times
Reputation: 328
Quote:
Originally Posted by jacquiz View Post
My husband and i are just starting out and CAN NOT afford anything...we're moving to colorado
you are quite the silly one, eh?
in the prior thread you advocate the state spending hundreds of millions for research that the private sector should be funding and here you're complianing about how expensive NJ is.
If all the dolts would stop expecting government to fund your lives, maybe NJ wouldn't be such an expensive place to live
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