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Old 01-14-2014, 12:44 PM
 
1 posts, read 1,654 times
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Hi everyone, I have a question to ask, that I havnt been able to figure out on my own.

I currently live in Camden, and am considering moving to Philly. But the one question I have is how different are my taxes going to be. I know that cost of living/rent/parking is going to go up, but what about the taxes?

I know Philly has the wage tax, but is PA state tax low enough to offset the NJ state tax? Just want to get an inkling of an idea.

To make everything easy to understand lets say I make $100k/year (I really wish I made that much) and am a single, 25 year old guy with no kids/wife/dependents/anything. How much of my paycheck would I see staying in Camden vs relocating to Philly? If someone could break down the math I would love them forever.

Thanks in advance!!
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Old 01-14-2014, 01:12 PM
 
1,319 posts, read 4,248,561 times
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City of Philadelphia: Tax Rates

Individuals

Payroll Calculator | Take Home Pay Calculator | Salary Paycheck Calculator

I just posted links and the tool you'll need to generate an estimate. Good luck.
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Old 01-14-2014, 03:52 PM
 
4,156 posts, read 4,172,880 times
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PA and NJ has tax reciprocity agreement.

NJ Division of Taxation - Income Tax - PA/NJ Reciprocal Income Tax Agreement
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