New York State Income Taxes Knowledge Base
New York State Income Taxes? Why does it take so darn long for New York Income Tax Refunds...we file our taxes on February 2, 2007 and still haven't heard or received anything from these people..
What is New York State Income Tax Rate For Capital Gains? I did my own taxes for the first time this year. Using tax software, I plugged in what my refund would be if I had no stock sales in 2006. BTW, my tax bracket is 15% and I'm in New York. Without Capital Gains: Federal Refund : $400 and State Refund : $1460 Capital Gains of only $4416. Federal : $260 (I owe) and State Refund : $1037 According to an online Capital Gains calculator I used, my Federal tax should be $662 (which explains why my refund went from $400 to minus $260). What I can't understand is why my State refund dropped so drastically.
How long for New York State Income Tax Return 2007? I have been waiting for over a month for my 2007 New York State income tax return. How long did it take to get yours back? My return was filed on March 3rd and was accepted by the state on the the 6th of March. Anyone file around this time and gotten their refund yet?
State Income Tax? My permanent residence is New York, but my income was made in Pennsylvania. What do I do to file my state taxes?
As a non-resident, do I need to pay New York State income tax on visits to New York City for business? For example, I am a non-resident that works for a company that is not based in New York, but I do occasionally visit New York City for meetings. Can NYS tax the portion of my non-resident income simply because I conducted business in the state for a few hours?
need to download new york state income tax papers? want to go into new york state income tax website for my taxes where do i go to.
NEW YORK STATE INCOME TAX REGARDING CAPITAL GAINS AND DIVIDENDS? Does New York State regard long term capital gains and dividend distributions from taxable mutual funds of individuals as ordinary personal income or like the Federal gov't. does (reduced percentage tax rate.)? Federal income tax forms packets provide a worksheet for figuring this lower tax amount yet New York has no such provision. Thanks.
New York City Resident -self employed working in New Jersey. Where do I file my taxes? I am a resident of New York. I am self employed and my entire income is from 2 businesses in which I have consulting contracts and are located and operate within the state of New Jersey. Do I have to file New Jersey and New York state/city taxes?
Is New York State income tax kind of high? Granted, I don't make that much money, but I still had to pay a considerable amount of NYS income tax. Originally, I'm from Florida where there is no state income tax. I've also lived in Iowa, which has state income tax, but I received all of my money back from what they took out. So how come I paid so much to NYS? Thanks!
my new york state income tax refund is kinda high? did my taxes on turbo tax, getting 7k for federal and it says 1,800 for my state. the state seems kind of high, I never got that much. I have 2 kids and made 16k and they only took 300 in state taxes. Does this seem right? I dont want to get in any trouble
Is it proper to pay New York State Tax on income earned from Florida? I had an income of about $25,000, but about $6,000 of this was from the state of New york, the remaining was earned from Florida. Is it proper to pay New york state Tax on the Florida income. when florida has no state Tax. During the 2 months of working in New York, i was a resident of Florida. But my employer has insisted that 100% of my income be reported on my W2 as earnings from the state of New York, thereby subjecting it to New York State Tax. Someone please help.
What kind of tax is new york state income tax? Would it be considered progressive, proportional, or regressive?
Has anyone recieved their New York State income tax? My status saids it still processing and could take 2 to 4 weeks. I did efile which takes about 2 weeks as stated in the IRS site. Anyone one filed using efile and recieved thier loot in a timely fashion?
What form do i use for a New York state income tax return? ? I used a 1040EZ for my federal refund but i do not know how to find my state refund. I went on the website but do not know the exact form i need. Thank you
New York & state income tax? Does New York State have a state income tax
Does San Francisco have a city income tax like New York City? If you live and work in New York City, you pay federal, state, SS (and other applicable taxes), and a city (personal) income tax. Does San Francisco have a similar city (personal) income tax?
ny york state income tax? i did my taxes on feb 4 it was acceppted feb 5 and im still waiting for my state i got my federal already now when i call them they send me to some automated machine then when i got to their website its telling me my refund amount does not match their records so im confused so when i called the phone number to see it says my refund is still processing please wait a week before accessing again im really confused and im behind in some bills they just outta wack this year they know people need they money loseing their jobs and its like the government dont care last year i got my state 2 days after i got my federal im so upset right now cause i really need to pay my rent and some other bills is anyone expierencing the same problem
Do Yonkers, NY residents pay a higher income tax? Why is there a special area on New York state income tax forms just for people that live and/or work in Yonkers, New York? Is it really much higher? Is it more expensive to live in Yonkers, than, say, Riverdale, NY?
New York State & City Tax Tables for 2000-2004? A family member needs to file State & Local income tax from 2000 to date. I have the booklets as far back as 2005, but where can I go online to get the Standard Deductions and Tax tables for those years? When you go to www.tax.state.ny.us it will give you the local table for 2000 but nothing else. Any suggestions?
new york state income tax? anyone from new york please respond i have been checking my refund and for awhile its been telling me we have recieved your refund it is being processed im very disgusted with how they handle the taxes situation it is ridiculus now when i call them we cant speak to noone regarding our taxes until after april 15 then when i go online to check my status it tells me that the amount i entered does not match their records when i called them today on the automated phone system it is now telling me my refund is its final stages of processing and in most cases it can take up to 30 days im like wow i been waiting 30 days already its been 6 1/2 weeks and i havent heard or got anything i just want to know does the final stages mean i should be getting my refund anytime soon
New York FREE state income tax E-Filing? I am looking for a website that offers e-file for state taxes for FREE. I already did my federal taxes using H+R Block's website. Every site I come across offers free federal e-filing, but then charges you for STATE filing!! Yipes- any ideas everyone?
am i suppose to attach my w-2 to my new york state income tax form (IT-201)? i know i'm supposed to attach a copy of my w-2 with my federal return. but i'm filling my new york state form (IT-201) and i dont see it anywhere i'm supposed to attach a copy of my w-2 and it doesn't say it in instruction...all i am able to find is to attach the w-2g not the w-2. can someone clarify am i supposed to attach a copy of my w-2 or not for the state of New York? ps i live in nyc if it helps. thx in advance.
New York State and City Income tax for an individual earning 23K? Okay, this is a budget that I have to do for a made-up person. Problem is both the textbook and teacher are terrible. Can anyone help me explain/calculate the NY State and City tax?
How am I supposed to allocate income between New York and New Jersey for state tax in both states? I moved on May 12, 2007. I earned a paycheck entirely from NY, my wife earned a paycheck in NY before we moved, and a paycheck in New Jersey after we moved.
Are state income taxes based on the address of the employer or the employee? I worked in New York over the summer, but I'm a California resident, and I used my California address for all the paperwork, so that's the address listed on my W-2 (and also where all my paychecks were sent). I have to file tax returns for both states either way, but I'm not sure whether to list my summer pay as NY or CA income. Is what state my income was earned in determined by my employer's address, or by my address as listed on my W-2? If it's considered NY income, then do I file my CA tax return as a part-year resident, or will I have to CA tax on it as well?
Why do I have to pay New York State tax on money I earned in California? I moved from NY to CA in Feb 2006. Obviously I made 99% of my income in CA. So why do I have to pay taxes in NY state based on my federal income amount (NY + CA)? This means I am paying NY state taxed on money I earned in CA. Is this right? I'm using TurboTax Online to file.
Do I need to pay income tax for unemployment benefit for the state of New York? I'm on unemployment benefit for the state of New York and I elected my benefit to withold 10% for my income tax. I have a 1099g form stated my unemployment benefit and the amount of being held for federal. It never asked me to witheld for state and local tax cause I was told the state of New York don't tax you on for unemployment. Well I was filing on my 1040 for federal today and put that in. But when I was ready to file my New York state tax form (IT-201), there is a row that also asked for "unemployment compensation" same as on the 1040 form. But why does the IT-201 form has a row for "unemployment compenstaion" if the state of New York said there is no income tax for unemployment benefit? When I indicated federally witholding of 10%, it never asked for state and local. Can someone let me know what is going on and do I need to put that in or not? There is nothing witheld for state and local on my 1099g form. Only federal. I'm really confused. Thanks in advance. PS I live in New York City if it helps.
How do I file my New York State taxes? Im trying to do my new york state taxes and I dont know what form I need to use... my income is under 10k.. could anyone tell me what forums to use? thanks, ~Dan~
New York Income tax question. I live in florida and just got a job working remotely for a non-profit in NY? New York Income tax question. I live in florida and just got a job working remotely for a non-profit in NY. In Florida there is no state income tax. but I noticed that when i get my check mailed to me that am getting charged New York personal income tax. Should I be getting taxed, being that I live & work in Florida?
Do I have to file state taxes in both new york and louisiana? I am a resident of New York ( a recent graduate of grad school) and my only income is rental income for a louisiana property I own. I have a Net Operating loss for 2007, and I have no income, so I have no refund etc... I am using Turbo Tax and I am doing the free Federal filing, but do I have to pay (turbo tax charges 35 dollars per state) and actually file NY and LA state tax?
How do I file my NYS Income Taxes as a new resident? I moved to New York State as a new resident in August 2008. Until then, I lived and worked in Florida. Florida has no state income tax, but New York State does. My W-2 shows both my federal taxable income (Box 1) and my state taxable income (Box 16) as the exact same amount. My contention is that the state taxable income should be much less - based on what I earned in NYS from mid-August onward. For simplicity's sake, say I earn $1,000 per month for a total of $12,000 per year. My Federal taxable income should be $12,000 minus any 401K contributions, etc. My New York State taxes should be based on what I earned from mid-August onward, say $4,500 - $500 for half of August and $1K per month for the rest of the year. Am I right, or is NYS filled with a bunch of pirates in their department of taxation? Does anyone know the answer to this one? I kept getting transferred around when I called NYS and the website has not been much help.
What are the various income taxes one pays if the person works in New York City and stays in New Jersey? For a person working in NYC, and living in NYC, the person pays Fed tax+ FICA + NY state tax + NYC city tax. If one works in NYC and stays in NJ., what are the taxes the person pays?
If you work in New York and live in NJ, how do NJ state taxes work? I know if you work in NY and live in NJ, you still need to file taxes. However, can you actually be double-taxed? For example, can one actually OWE taxes in a state they do NOT work in? I'm only asking because my gf's accountant is telling her she owes a lot of income tax for NJ state, even though she doesn't even WORK in NJ. I'm questioning this. Any feedback is appreciated.
What is the minimum income to have to file a new york state tax return? income from rental property in nyct.
New York Income Tax...help!? I'm a US Citizen and I moved from Texas to New York earlier this year. Can someone guide me in the right direction as to how I am supposed to file my income tax return in a couple months?? One for TX and one for NY?? I've browsed the net but I don't even know if I'm considered a New York resident! I work for a New York based company and get New York state tax deducted from my paycheck. Thanks in advance for those that help!!
did not receive state income tax from new york. how do i inquire? filed electronic 5 weeks ago
if i live and work in illinois but am paid my company in new york state how do i show this on my tax return? do i have to pay state income tax in ny rather than illinois?
Does New York City have a capital gains tax? I moved from Dallas (no income taxes of any form city/state) to Upper East Side and I am reading up on taxes here. I knew they were high but I am stunned to see that New York state taxes capital gains at a cool 6.85% and even more amazing New York City seems to do the same at something like 3.6% from what I gather, I would be amazed if NYC was doing this does anyone know?
Income tax in the state of New York? What is the tax rate for a fulltime employee in NY (Manhattan)? Salary approx $55k
Are there some websites to calculate the income tax (simulator and information) when you live in New York? and concerning the federal and state income taxes? thank you because it's very urgent!!!!!!
If a company employs people out of state, do they have to withhold income taxes in that state? Consulting company is located in New Jersey, and does not have offices in any other state. It has an employee who lives in New York and consults for a client in Connecticut. Employee never sets foot in NJ. For which state or states should the company be withholding income taxes? Unemployment? State Disability?
What is the New York State self-employment tax rate? I had found it somewhere once before and I dont remember what is was. I think like 6% or 7%. I know the max income tax is 6.58%, but what about the self employement tax. My accountant gave me figures to paid both federal and state, but I think they are high, extremely high! Thanks in advance.
Getting a federal income tax refund, and the NY state income tax refund i live in new york city, i am 18, and will be a full time college student come september. i am working at my first job and have received my paycheck. my gross pay was 671.88 for two weeks. my net pay was 526.45. However, people at my work were telling me that i can get my federal income tax money back (they took $68 from my pay check). can someone tell me how i can get this money, what forms to fill out, etc. Also, is it possible to get my NY state income tax and New York City Income tax back, both of which total to another $25 gone? my parents will be claiming me as a dependent. i will earn about $1650 gross for tax year 2008. and i have no other sources of income. i appreciate all your help
Live in New Jersey Work in New York City? I want to know if there are specific tax advantages if one were to live full-year in New Jersey and work in Manhattan versus the case where one were to live full-year in New York city and work in Manhattan. If I were to live full-year in New Jersey and work in Manhattan, will I have to pay New York city taxes? I went over form IT203 (Non-resident income tax return); it appears that I will have to pay New York state tax and Yonkers nonresident earnings tax, but there is no provision for New York city tax. Could this be a potential tax advantage over the case of living full-year in New York city and work in Manhattan? It is a decent saving. Furthermore, if I were to live full-year in New Jersey and work in Manhattan, will I be withheld taxes from New Jersey state, New York state, New York city, and Yonkers? I actually don't understand Yonkers. What is it? Is it a defined boundary or region in New York city where one work? If I work in downtown Manhattan, am I part of
Income tax question? I am trying to fill out my New York State Income Tax (after it came back for the second time. I worked full time in New Jersey for 2007, yet I lived in New York (upstate). Where on the form do you indicate income earned out of state? Every time I crunch the numbers, it comes up as me owing the State of New York income tax. Should I enter 0 for the first line that states "Wages, Salaries, Tips, etc." considering I didn't earn anything in New York State for 2007?
How do certain states make money if there is no sales tax or state income tax? I was in New Hampshire over the weekend and it is totally mind boggling to me that the state does not tax your paycheck. On top of that there is no sales tax, unless it's prepared food, and to top it off their gas is cheaper. How does NH stay afloat? Are there other types of taxes that states like New York don't have? I'm thinking there must be a catch to it... (aside from the weather).
Lottery tax question for new york state? Hello! Out of curiousity, lets say you win $50 million in the megamillions lottery. Whats the approximate % taken out for taxes? How do you report all that in your income taxes? Thanks!
How much should i expect on my return if i filed a new york state tax return?? income = 3050 ny witheld = 60 bucks
Is there any way to deduct any closing costs from state or federal income tax? Buyer purchased new construction, paid mortgage tax and sellers transfer tax, New York state
Did you pay your STATE income tax, State sales taxes, your State property taxes? If you paid all these State taxes, your payroll taxes, your Federal Income taxes....do you think it is fair you should pay for the deficits in New York and California who has supported welfare programs which has put the entire Nation in debt? I paid all these taxes in Florida and it has been a hardship and I don't think I should be penalized for programs in other states whose priorities are in direct opposition to my beliefs & constitutional rights. How long must I pay for payoffs to politicians? It's a big bailout package and billionaires are rewarded for their political support on my back and for programs for which I strongly oppose as well as rewarding tax evaders being awarded with leadership in the highest government programs and I just wonder when the populace will rise up and say 'NO MORE'. We've been used and abused enough. Have we just become so brainwashed that if someone/anyone has a particular label we have no right to expect any explanations or logical answers.
If I am employed in Massachusetts but live in New York do I have to pay income tax in both states? Does this depend on how many days I spend in each state?
W2 State and City wages wrong - what to do? Ok, I'm in a weird position. I have a W2 where the amounts shown in box 16 and 18, State and City Taxes respectively for New York State and New York City are not showing the right amounts. I can tell that the numbers are too low. I am a part resident in the state and city of New York - I moved here from Florida. After doing some investigation, the discrepancy is because of the fact that the COO at the time did not file my address change promptly with our 3rd party payroll company, Gevity. Because of this I have a portion of my wages that was not taxed by NY state income tax rates nor was it taxed by NY City rates. I am just now learning this. What do I do? I do not have the capability right now to pay the taxes that I will probably owe. I gave my employer all the needed information to make these changes in a timely manner. And *I think* there is some liability with my company as far as that goes and ones was on them. Help. What can I do?
The state of NY holds deed to my house for back taxes, can the fed govt take the deed from the State? I am the executor for an estate where the deceadent owed property taxes and federal income taxes. The state of New York took the deed to the real estate associated with the estate while we are making payments to them for what we owe. My question is that the estate also owes money on back Federal Income Tax. Can the Federal Government take the deed from the state in this instance?
New York Cit Income Tax? My pay check has under the deductions section along with all the other taxes a "New York Cit Income Tax" which if I'm guessing right is a New York City tax but I don't live in NYC I live in Binghamton which is half way across the state ; should I have that tax on my pay check?? and if so why should I , if not what do i do about it
I recently moved to a state with a State Income Tax and need help understanding the situation? I'm 22 and got a new job in New York. While in Texas this year I earned about 5k and now that I have moved to New York I will have earned an addition 12k or so. Legally, I am a Texas resident but my question is which state should I be a resident of to minimize the amount I will be taxed or does it matter? Basically, should I become a New York state resident (which I will have to do eventually) BEFORE I file my returns or after? Thanks!!! Would I have to pay a higher percentage for being a non-resident?
New York City local tax - what form? Filed Federal and State with Turboo Tax and now I am lost! Thanks!? I lived in PA from Jan - March and NYC from march through now. I received my PA local forms, but nothing from NYC. A visit to the NYC Dept of Finance and Taxes proved bizarrely unhelpful. Mention of a "personal income tax form" but nowhere to find the form. Was directed to an IT-201, but I am unclear as to whether this is the state form - did I file this form with Turbo Tax? Is it all in one? Any help is greatly appreciated. Thanks, Julie
I pay NY income tax but live in WA state (which has no income tax). What should I do? I work for a New York-based company which withholds NY income tax. I live and work in Washington state, which has no income tax. I take the standard deduction / don't itemize. Is there anyway to deduct both Washington sales tax AND New York income tax or am I just screwed and resigned to picking one or the other? I work for a New York-based company which withholds NY income tax. I live and work in Washington state, which has no income tax. I take the standard deduction / don't itemize. Is there anyway to deduct both Washington sales tax AND New York income tax or am I just screwed and resigned to picking one or the other? Clarification: According to IT-203-I I have to pay NY state income tax on "income received from NY state sources". Is it safe to say there is no way to recover the money withheld?
Does the amount cost to do your taxes on turbotax get written off as a Federal income tax? I spend $92 to do my federal and new york state taxes, it came out to $49.95 fedeal, 34.95 state and 7 for the sales tax using turbotax deluxe I realized that I owed $499 originally for federal but turbotax took $92 off of that so I paid $407 for federal along with the $92 to turbotax for the taxes instead of $499 federal and $92 turbotax So is turbotax pretty much free?
New Jersey Resident, New York Income - ? My husband and I both live in New Jersey, but only worked in New York. I worked out the numbers on our tax returns, and it seems like we get 100% credit for the taxes paid to NY State. Therefore, we don't owe any NJ state taxes. Does this seem right? Also, do nonresidents of NY who earned income in NY get taxed at a lower rate than NY residents? My husband and I earned about $50k combined, and we only owe $1800 in NYS tax.
Where can I get free real estate disclosure forms for New York State online? I've found some sites that offer these but they are not FREE. You can get Income Tax forms free, why not these?
How are federal taxes calculated on an individuals yearly earnings,e.g. by a percentage or formula chart ? '06 was a "really wonderful" year for me financially !! The I.R.S. is gonna' love me, but I'm stocking up on vaseline before hand..Company I worked for "Consolidated", putting me out of a job.. Bad enough, but, I had an outstanding loan on my 401-K account which became immediately due as soon as I was laid off.. Long story short.. Money from loan was long gone despite the fact I had taken the loan out for 4 years.. Impossible to repay loan within the 30 days from lay-off so loan becomes taxable income..Because of my age I "only" had to pay a 10% penalty, but the loan is considered taxable income.. Question: How big a "hit" tax wise am I looking at ?? We're talking about a sum under $20,000.00 that I have to claim.. Also will have to pay state income tax on the same money......New York state no less !! Yes, '06 was a very good year !! NOT!!!
Am I responsible to pay my home State and Federal Income tax if I sell an item at another State? I live in San Francisco, California and sold an old print in Manhattan New York through a local auction house in Manhattan, am I responsible to pay California's State and Federal Income Tax?
Are there income tax advantages or disadvantages for living in state of NY while working in Connecticut? Assume that a person wants to live just outside the Connecticut state line in New York state but commute into Connecticut for work.
Am I responsible to pay my home State and Federal income tax again if the company at another State paid it? I live in San Francisco, California and sold an old print in Manhattan, New York through Swann Auction (a local auction house in Manhattan); if I ask Swann Auction to pay the tax in advance for me - should I pay the IRS again?
nys tax income tax??? hi, i was a student in new york state for one semester in 2004, then moved to Texas for a job and get paid there as well, for that year, i didn't file the new york state tax because i didn't receive income in nys and didn't live there as well.. however,, i moved back to ny state in 2005 because of layoff.. but i am receiving a mail from tax department asking me for paying the tax on year 2004.. is that relavent?? please help. thanks..
Do foriegn property owners have to pay taxes in the US? A friend of mine wants to buy real estate here in New York State as in investment. Does he have to pay property taxes, income tax, or any other type of tax for this state? He doesnt want to live here, he just wants to buy houses to rent out.
In New York state, When do you get your income tax return? do they follow a schedule as does the Federal government?
Lottery tax question for new york state? Hello! Out of curiousity, lets say you win $50 million in the megamillions lottery. Whats the approximate % taken out for taxes? How do you report all that in your income taxes? Thanks!
State Tax residency? I live in New Jersey however 100% source of my income is from New York. For which state should I file my state taxes? My employer has been withdrawing New York state taxes from my paycheck. Also, with New York State taxes being higher than New Jersey - even if I file my NJ taxes, I won't owe NJ anything... Do I still need to file? I only rent and don't own a house in NJ. Thanks
Dual residence state tax question? If I live in New York (rent, family stays there, payroll under New York office), but work in California during most weekdays (staying in a corporate apartment), how does that affect my state income taxes?
Do you know of another company that deducts income taxes like this? My company (located in NY) is now making us keep track of any days that we work outside of New York State. If, for example, I go to a 1 day business meeting in Massachusetts they deduction Massachusetts income tax from my wages for one day. If I want to get that money back at the end of the year, I have to file a tax return with Massachusetts. They are doing this for all business travel to all states.
Non-resident alien and filing state taxes? In 2006, my girlfriend was a non-resident alien who was in the U.S. temporarily for training and temporarily living in NYC. The company she worked for is located in NJ. She has a SS# so she federal and NY state taxes were withheld from her paychecks. She's filed a 1040NR-EZ for her federal return. Does she need to file an IT-203 for her NYS return? The directions on the IT-203 form says she needs to file only if she received New York source income...but the company was based in NJ?! I plugged in all the numbers using NY stats and it looks like she's getting a small refund but I'm not sure if that's the proper way to do it. Any help would be appreciated.
State (not federal) inheritance tax question? In 2005, I was temporarily living and working in Michigan, but a legal permenant resident of New York, when a person in Florida died. I inherited $5000, which I received later that year, while living in NY and unemployed. I filed a federal 1040, an NY resident income tax return and a MI non-resident income tax return, and reported the income from employment in MI on all three. (I also claimed a credit on the NY return for the duplicate state income tax on the income from MI.) Do I have to report the inheritance to any of the three states, and to which states (if any) do I pay inheritance tax? (Do not worry about the estate taxes due to the federal government; someone else is responsible for that.) dk01237... is wrong. Inheritance is NOT reported on the federal 1040, for example. Bostonia... is probably right about the tax laws. He is wrong about what I knew when I asked the question. I never lived in Florida and was only in Michigan for a few months, so I do not know their laws well. However, this happened two years ago, so I might have known when I filed, and forgotten about it since then.
Where would you go: Texas, Tennessee, Oregon, Kentucky, or New York? Why? I have an opp through my employer to request a transfer to one of these states. This is what I know. Oregon: Job would be in Portland. Great scenery, clean air and water, probably the highest quality of life of the five locales, decent people, close to Seattle, no sales tax Texas: San Antonio, currently 1st pick. Hill Country, very clean, no income tax, people are great, some of the nicest looking women I've seen, ATX nearby!! Kentucky: would be near Louisville. The cost of living is cheap, low crime. I've never been treated nicely in KY, only w/ bad and impolite attitudes. I guess if I listened to country music all day, had dirty roadsides and a sh*tty economy I'd be miserable too. Tennessee: would be in Nashville, a great city! Beautiful state, nice highways, great recreational opps, friendly folk. Closest to my home state. New York: would be in Manhattan. Like the people, fast pace, and can-do will-do attitude. It's its own universe! But the cost of living...whoa!
Where should I move: Oregon, Kentucky, Tennessee, Texas, New York? I have an opp through my employer to request a transfer to one of these states. This is what I know. Oregon: Job would be in Portland. Great scenery, clean air and water, probably the highest quality of life of the five locales, decent people, close to Seattle, no sales tax. Texas: Currently first pick. Would be in San Antonio. Hill Country, very clean, no income tax, people are great, some of the nicest looking women I've seen, ATX nearby. Kentucky: would be at Ft. Knox near Louisville. The cost of living is cheap, low crime. I've never been treated nicely there; bad attitudes. I guess if I listened to country music all day, had dirty roadsides and lousy weather I'd be depressed, too. Tennessee: would be in Nashville, a great city! Beautiful state, nice highways, great recreational opps, friendly folk. Closest to my home state. New York: would be in Manhattan. Like the people, fast pace, and can-do will-do attitude. It's its own universe! But the cost of living...whoa
Where to move to: Oregon, Tennessee, Texas, Kentucky, New York? I have an opp through my employer to request a transfer to one of these states. This is what I know. Oregon: Job would be in Portland. Great scenery, clean, probably the highest quality of life of the five locales, decent people, close to Seattle, no sales tax. Texas: Currently first pick. Would be in San Antonio. Hill Country, very clean, no income tax, people are great, some of the nicest looking women I've seen, ATX nearby. Kentucky: would be at Ft. Knox near Louisville. The cost of living is very cheap, low crime rate. But, I've never been treated very nicely there. Hillbilly culture, filthy roadsides, and unpredictable weather all make for a depressing place. Tennessee: would be in Nashville, a great city! Beautiful state, nice highways, great recreational opps, friendly folk. Closest to my home state. New York: would be in Manhattan. Like the people, fast pace, and can-do will-do attitude. It's its own universe! But the cost of living...whoa!
Which should I move to: Oregon, Texas, Kentucky, Tennessee, or New York? I have an opp through my employer to request a transfer to one of these states. This is what I know. Oregon: Job would be in Portland. Great scenery, clean air and water, probably the highest quality of life of the five locales, decent people, close to Seattle, no sales tax. Texas: Currently first pick. Would be in San Antonio. Hill Country, very clean, no income tax, people are great, some of the nicest looking women I've seen, ATX nearby. Kentucky: would be at Ft. Knox near Louisville. The cost of living is cheap, low crime. I've never been treated nicely there; bad attitudes. I guess if I listened to country music all day, had dirty roadsides and lousy weather I'd be depressed, too. Tennessee: would be in Nashville, a great city! Beautiful state, nice highways, great recreational opps, friendly folk. Closest to my home state. New York: would be in Manhattan. Like the people, fast pace, and can-do will-do attitude. It's its own universe! But the cost of living...whoa!
Where do you prefer, not prefer: Oregon, Tennessee, Kentucky, New York, Texas? I have an opp through my employer to request a transfer to one of these states. This is what I know. Oregon: Job would be in Portland. Great scenery, clean air and water, probably the highest quality of life of the five locales, decent people, close to Seattle, no sales tax Texas: Currently first pick. Would be San Antonio. Hill Country, very clean, no income tax, people are great, some of the nicest looking women I've seen, ATX nearby!! Kentucky: would be near Louisville. The cost of living is cheap, low crime. I've never been treated nicely in KY, only w/ bad attitudes. I guess if I listened to country music all day, had dirty roadsides and a sh*tty economy I'd be depressed too. Tennessee: would be in Nashville, a great city! Beautiful state, nice highways, great recreational opps, friendly folk. Closest to my home state. New York: would be in Manhattan. Like the people, fast pace, and can-do will-do attitude. It's its own universe! But the cost of living...whoa!
Minimum income for filing taxes? Are college students supposed to file taxes? I'm a full-time college student and currently working part-time. I had started working as part of work study. I barely made $1700 from working for the last the semesters. I've paid around $150 in Massachusetts's state taxes. I'm wondering if I have to file for taxes because I'm going to apply to renew my financial aid and need to know. I live in New York but I go to school in Massachusetts.
i have 3 judgemnts for credit card debts, i pay the irs/state for past due taxes what will i have to pay? i pay new york state and the irs every month, do they figure this in when caculating what you have to pay towards the judgements and do i have a choice if i want 10% of my gross income or 25% of my dis[posable earnings
Do I have to pay estimated tax on my personal business run out of Connecticut if I just moved here this year? I am from New York City, and I started a business there last year. I also work a full time job in New York City that I receive a w2 for. This past month, I moved to Connecticut, and also moved my personal business to Connecticut, but I still work my regular job in New York City. My accountant only gave me vouchers to pay federal estimated taxes, but not state estimates. I also recall him telling me that if I work a regular job in New York, that all my income, including my personal business will be taxed at the New York rate, even though the personal business is run out of Connecticut. Why then did I not get vouchers to pay New York State tax? Is this a mistake? 2 things - 1. I am told that I will be penalized if I do not pay my estimated tax of 100% of last years earnings, or 90% of this years earnings, which is why I am making sure that I pay the correct taxes. 2. Last year, I did not file my taxes with a Tax ID for my business. I used my Social Security number, so that should move with me where ever I go. 3. My tax guy had told me very clearly that it is New York State law that I must pay New York State taxes on all money that I earn, if I had other income coming from NY, even if all of it did not come from NY.
How much taxes will be taken out of $888 dollar lotto ticket in NY state? Ok, I just won $888 dollars on the New York lotto "Straight Eights" scratchoff game. I am wondering about how much to expect be taken out in taxes. Also, I am wondering if I'm better off giving them my social security # and claiming the taxes on income tax or just having them take the taxes out right there.
Does the UN pay taxes to the United States? Since the UN has its HQ in New York City, do they pay taxes to America and New York? By taxes, I mean property taxes (for the building) and income taxes (for collecting the dues from other countries)?
what do you get a better income tax refund with a child or a house? we live in new york state and my husband says owning a house will get you a better tax break.i say a child and claiming head of household will give more of a tax break.we both make together around 150k a yr.the house we would buy would be around 300k with 20% down.now before i get any anger answers we do not plan on having a child just for tax reasons we are not planning to have any.this is just a argument my husband and i had and i think i'm right and he thinks hes right.
what do you get a better income tax refund with a child or a house? we live in new york state and my husband says owning a house will get you a better tax break.i say a child and claiming head of household will give more of a tax break.we both make together around 150k a yr.the house we would buy would be around 300k with 20% down.now before i get any anger answers we do not plan on having a child just for tax reasons we are not planning to have any.this is just a argument my husband and i had and i think i'm right and he thinks hes right.
what do you get a better income tax refund with a child or a house? we live in new york state and my husband says owning a house will get you a better tax break.i say a child and claiming head of household will give more of a tax break.we both make together around 150k a yr.the house we would buy would be around 300k with 20% down.now before i get any anger answers we do not plan on having a child just for tax reasons we are not planning to have any.this is just a argument my husband and i had and i think i'm right and he thinks hes right.
what do you get a better income tax refund with a child or a house? we live in new york state and my husband says owning a house will get you a better tax break.i say a child and claiming head of household will give more of a tax break.we both make together around 150k a yr.the house we would buy would be around 300k with 20% down.now before i get any anger answers we do not plan on having a child just for tax reasons we are not planning to have any.this is just a argument my husband and i had and i think i'm right and he thinks hes right.
what do you get a better income tax refund with a child or a house? we live in new york state and my husband says owning a house will get you a better tax break.i say a child and claiming head of household will give more of a tax break.we both make together around 150k a yr.the house we would buy would be around 300k with 20% down.now before i get any anger answers we do not plan on having a child just for tax reasons we are not planning to have any.this is just a argument my husband and i had and i think i'm right and he thinks hes wrong.
How much to save to come to NYC. $125 week room I wanna Rent? I have a college degree in Finance, but little consistent experiance.(no longer than 6 months) No interest in Finance, but Currency Trading Little Talent with Personal Finance, But excellent with speculation and Risk taking. (1suit, 2 shirts, and 4 ties) Currently I live in HUD housing and only have $1200 to my name. I want to move to New York because the Repo people are looking for my Car And I will soon have no transportation. And in Florida ( can't say where) you need Transportation . How much are subway tokens and is there a monthly pass and if so how much How long does it take to find a job in NYC and is there a state income tax. Also, I'm a 27 YO Gay Black Male From NC Let me know whats best considering all these things. Thank you so much. (This is serious)
My bonus was reduced to half because of NYC taxes. Where should I move to? I'm used to having 38% of my income taken away in taxes here in NYC but after getting my bonus and seeing that nearly half of it was taken away in taxes ( 25% Fed, 7% State, 4% new york city, and another 7% in FICA, FMHI, SDI, etc.) I'm seriously considering a move to a more tax friendly city. Perhaps outside the 5 boroughs of NYC or even NJ. I think its ludicrous that people are taxed so high so that we can pay for "poor" people's medicine, food, and rent while they're sporting bling bling, drive Lexuses, and buy fancy brand ice cream at the grocery store. Any suggestions?
Ebay and NY and VA tax questions, trader assistant questions, proxy selling? I'm a new eBay seller looking for information about 1. eBay and Sales Tax requirements in New York City/State as an individual seller, making no more than $50 monthly from current sales 2. also what the income cut-off is for reporting income taxes from such sales in Virginia and New York. 3. Information on Proxy selling (as a trading assistant) and related tax issues to both the seller and assistant Anything you can muster as an answer is appreciated. in response to "mister" 1. how do I get a tax id and what makes me qualified to get one? 2. what are types of sales taxes in NY (if there is more than the 8.something I know it to be) 3. what if I'm selling an item at a lower price than I bought it, therefore not making a profit... do I report it on my income? do I have to report anything if my income from the sales is under a certain amount or does this apply to all sales?
what do you think of this? This study is one of the first to estimate the total impact of illegal immigration on the federal budget. Most previous studies have focused on the state and local level and have examined only costs or tax payments, but not both. Based on Census Bureau data, this study finds that, when all taxes paid (direct and indirect) and all costs are considered, illegal households created a net fiscal deficit at the federal level of more than $10 billion in 2002. We also estimate that, if there was an amnesty for illegal aliens, the net fiscal deficit would grow to nearly $29 billion. Among the findings: Households headed by illegal aliens imposed more than $26.3 billion in costs on the federal government in 2002 and paid only $16 billion in taxes, creating a net fiscal deficit of almost $10.4 billion, or $2,700 per illegal household. Among the largest costs are Medicaid ($2.5 billion); treatment for the uninsured ($2.2 billion); food assistance programs such as food stamps, WIC, and free school lunches ($1.9 billion); the federal prison and court systems ($1.6 billion); and federal aid to schools ($1.4 billion). With nearly two-thirds of illegal aliens lacking a high school degree, the primary reason they create a fiscal deficit is their low education levels and resulting low incomes and tax payments, not their legal status or heavy use of most social services. On average, the costs that illegal households impose on federal coffers are less than half that of other households, but their tax payments are only one-fourth that of other households. Many of the costs associated with illegals are due to their American-born children, who are awarded U.S. citizenship at birth. Thus, greater efforts at barring illegals from federal programs will not reduce costs because their citizen children can continue to access them. If illegal aliens were given amnesty and began to pay taxes and use services like households headed by legal immigrants with the same education levels, the estimated annual net fiscal deficit would increase from $2,700 per household to nearly $7,700, for a total net cost of $29 billion. Costs increase dramatically because unskilled immigrants with legal status -- what most illegal aliens would become -- can access government programs, but still tend to make very modest tax payments. Although legalization would increase average tax payments by 77 percent, average costs would rise by 118 percent. The fact that legal immigrants with few years of schooling are a large fiscal drain does not mean that legal immigrants overall are a net drain -- many legal immigrants are highly skilled. The vast majority of illegals hold jobs. Thus the fiscal deficit they create for the federal government is not the result of an unwillingness to work. The results of this study are consistent with a 1997 study by the National Research Council, which also found that immigrants' education level is a key determinant of their fiscal impact. A Complex Fiscal Picture Welfare use. Our findings show that many of the preconceived notions about the fiscal impact of illegal households turn out to be inaccurate. In terms of welfare use, receipt of cash assistance programs tends to be very low, while Medicaid use, though significant, is still less than for other households. Only use of food assistance programs is significantly higher than that of the rest of the population. Also, contrary to the perceptions that illegal aliens don't pay payroll taxes, we estimate that more than half of illegals work "on the books." On average, illegal households pay more than $4,200 a year in all forms of federal taxes. Unfortunately, they impose costs of $6,950 per household. Social Security and Medicare. Although we find that the net effect of illegal households is negative at the federal level, the same is not true for Social Security and Medicare. We estimate that illegal households create a combined net benefit for these two programs in excess of $7 billion a year, accounting for about 4 percent of the total annual surplus in these two programs. However, they create a net deficit of $17.4 billion in the rest of the budget, for a total net loss of $10.4 billion. Nonetheless, their impact on Social Security and Medicare is unambiguously positive. Of course, if the Social Security totalization agreement with Mexico signed in June goes into effect, allowing illegals to collect Social Security, these calculations would change. The Impact of Amnesty. Finally, our estimates show that amnesty would significantly increase tax revenue. Because both their income and tax compliance would rise, we estimate that under the most likely scenario the average illegal alien household would pay 77 percent ($3,200) more a year in federal taxes once legalized. While not enough to offset the 118 percent ($8,200) per household increase in costs that would come with legalization, amnesty would significantly increase both the average income and tax payments of illegal aliens. What's Different About Today's Immigration. Many native-born Americans observe that their ancestors came to America and did not place great demands on government services. Perhaps this is true, but the size and scope of government were dramatically smaller during the last great wave of immigration. Not just means-tested programs, but expenditures on everything from public schools to roads were only a fraction of what they are today. Thus, the arrival of unskilled immigrants in the past did not have the negative fiscal implications that it does today. Moreover, the American economy has changed profoundly since the last great wave of immigration, with education now the key determinant of economic success. The costs that unskilled immigrants impose simply reflect the nature of the modern American economy and welfare state. It is doubtful that the fiscal costs can be avoided if our immigration policies remain unchanged. Policy Implications The negative impact on the federal budget need not be the only or even the primary consideration when deciding what to do about illegal immigration. But assuming that the fiscal status quo is unacceptable, there are three main changes in policy that might reduce or eliminate the fiscal costs of illegal immigration. One set of options is to allow illegal aliens to remain in the country, but attempt to reduce the costs they impose. A second set of options would be to grant them legal status as a way of increasing the taxes they pay. A third option would be to enforce the law and reduce the size of the illegal population and with it the costs of illegal immigration. Reducing the Cost Side of the Equation. Reducing the costs illegals impose would probably be the most difficult of the three options because illegal households already impose only about 46 percent as much in costs on the federal government as other households. Thus, the amount of money that can be saved by curtailing their use of public services even further is probably quite limited. Moreover, the fact that benefits are often received on behalf of their U.S.-citizen children means that it is very difficult to prevent illegal households from accessing the programs they do. And many of the programs illegals use most extensively are likely to be politically very difficult to cut, such as the Women Infants and Children (WIC) nutrition program. Other costs, such as incarcerating illegals who have been convicted of crimes are unavoidable. It seems almost certain that if illegals are allowed to remain in the country, the fiscal deficit will persist. Increasing Tax Revenue by Granting Amnesty. As discussed above, our research shows that granting illegal aliens amnesty would dramatically increase tax revenue. Unfortunately, we find that costs would increase even more. Costs would rise dramatically because illegals would be able to access many programs that are currently off limits to them. Moreover, even if legalized illegal aliens continued to be barred from using some means-tested programs, they would still be much more likely to sign their U.S.-citizen children up for them because they would lose whatever fear they had of the government. We know this because immigrants with legal status, who have the same education levels and resulting low incomes as illegal aliens, sign their U.S.-citizen children up for programs like Medicaid at higher rates than illegal aliens with U.S.-citizen children. In addition, direct costs for programs like the Earned Income Tax Credit would also grow dramatically with legalization. Right now, illegals need a Social Security number and have to file a tax return to get the credit. As a result, relatively few actually get it. We estimate that once legalized, payments to illegals under this program would grow more than ten-fold. From a purely fiscal point of view, the main problem with legalization is that illegals would, for the most part, become unskilled legal immigrants. And unskilled legal immigrants create much larger fiscal costs than unskilled illegal aliens. Legalization will not change the low education levels of illegal aliens or the fact that the American labor market offers very limited opportunities to such workers, whatever their legal status. Nor will it change the basic fact that the United States, like all industrialized democracies, has a well-developed welfare state that provides assistance to low-income workers. Large fiscal costs are simply an unavoidable outcome of unskilled immigration given the economic and fiscal realities of America today. Enforcing Immigration Laws. If we are serious about avoiding the fiscal costs of illegal immigration, the only real option is to enforce the law and reduce the number of illegal aliens in the country. First, this would entail much greater efforts to police the nation's land and sea borders. At present, less than 2,000 agents are on duty at any one time on the Mexican and Canadian borders. Second, much greater effort must be made to ensure that those allowed into the country on a temporary basis, such as tourists and guest workers, are not likely to stay in the country permanently. Third, the centerpiece of any enforcement effort would be to enforce the ban on hiring illegal aliens. At present, the law is completely unenforced. Enforcement would require using existing databases to ensure that all new hires are authorized to work in the United States and levying heavy fines on businesses that knowingly employ illegal aliens. Finally, a clear message from policymakers, especially senior members of the administration, that enforcement of the law is valued and vitally important to the nation, would dramatically increase the extremely low morale of those who enforce immigration laws. Policing the border, enforcing the ban on hiring illegal aliens, denying temporary visas to those likely to remain permanently, and all the other things necessary to reduce illegal immigration will take time and cost money. However, since the cost of illegal immigration to the federal government alone is estimated at over $10 billion a year, significant resources could be devoted to enforcement efforts and still leave taxpayers with significant net savings. Enforcement not only has the advantage of reducing the costs of illegal immigration, it also is very popular with the general public. Nonetheless, policymakers can expect strong opposition from special interest groups, especially ethnic advocacy groups and those elements of the business community that do not want to invest in labor-saving devices and techniques or pay better salaries, but instead want access to large numbers of cheap, unskilled workers. If we choose to continue to not enforce the law or to grant illegals amnesty, both the public and policymakers have to understand that there will be significant long-term costs for taxpayers. Summary Methodology Overall Approach. To estimate the impact of households headed by illegal aliens, we rely heavily on the National Research Council's (NRC) 1997 study, "The New Americans." Like that study, we use the March Current Population Survey (CPS) and the decennial Census, both collected by the Census Bureau. We use the March 2003 CPS, which asks questions about income, household structure, and use of public services in the calendar year prior to the survey. We control total federal expenditures and tax receipts by category to reflect actual expenditures and tax payments. Like the NRC, we assume that immigrants have no impact on defense-related expenditures and therefore assign those costs only to native-headed households. Like the NRC, we define a household as persons living together who are related. Individuals living alone or with persons to whom they are unrelated are treated as their own households. As the NRC study points out, a "household is the primary unit through which public services are consumed and taxes paid." Following the NRC's example of using households, many of which include U.S.-citizen children, as the unit of analysis makes sense because the presence of these children and the costs they create are a direct result of their parents having been allowed to enter and remain in country. Thus, counting services used by these children allows for a full accounting of the costs of illegal immigration. Identifying Illegal Aliens in Census Bureau Data. While the CPS does not ask respondents if they are illegal aliens, the Urban Institute, the former Immigration and Naturalization Service (INS), and the Census Bureau have used socio-demographic characteristics in the data to estimate the size and characteristics of the illegal population. To identify illegal aliens in the survey, we used citizenship status, year of arrival in the United States, age, country of birth, educational attainment, sex, receipt of welfare programs, receipt of Social Security, veteran status, and marital status. This method is based on some very well-established facts about the characteristics of the illegal population. In some cases, we assume that individuals have zero chance of being an illegal alien, such as naturalized citizens, veterans, and individuals who report that they personally receive Social Security benefits or cash assistance from a welfare program or those who are enrolled in Medicaid. However, other members of a household, mainly the U.S.-born children of illegal aliens, can and do receive these programs. We estimate that there were 8.7 million illegal aliens included in the March 2003 CPS. By design, our estimates for the size and characteristics of the illegal population are very similar to those prepared by the Census Bureau, the INS, and the Urban Institute. Estimating the Impact of Amnesty. We assume that any amnesty that passes Congress will have Lawful Permanent Residence (LPR) as a component. Even though the President's amnesty proposal in January seems to envision "temporary" worker status, every major legalization bill in Congress, including those sponsored by Republican legislators, provides illegal aliens with LPR status at some point in the process. Moreover, Democratic presidential nominee John Kerry has indicated his strong desire to give LPR status to illegal aliens. To estimate the likely impact of legalization, we run two different simulations. In our first simulation, we assume that legalized illegal aliens would use services and pay taxes like all households headed by legal immigrants with the same characteristics. In this simulation, we control for the education level of the household head and whether the head is from Mexico. The first simulation shows that the net fiscal deficit grows from about $2,700 to more than $6,000 per household. In the second simulation, we again control for education and whether the household head is Mexican and also assume that illegals would become like post-1986 legal immigrants, excluding refugees. Because illegals are much more like recently arrived non-refugees than legal immigrants in general, the second simulation is the more plausible. The second simulation shows that the net fiscal deficit per household would climb to $7,700. Results Similar to Other Studies. Our overall conclusion that education level is the primary determinant of tax payments made and services used is very similar to the conclusion of the 1997 National Research Council report, "The New Americans." The results of our study also closely match the findings of a 1998 Urban Institute study, which examined tax payments by illegal aliens in New York State. In order to test our results we ran separate estimates for federal taxes and found that, when adjusted for inflation, our estimated federal taxes are almost identical to those of the Urban Institute. The results of this study are also buttressed by an analysis of illegal alien tax returns done by the Inspector General's Office of the Department of Treasury in 2004, which found that about half of illegals had no federal income tax liability, very similar to our finding of 45 percent this report seems wishy-washy as to what side they are on.what do you think? cis.org/articles/2003/back503/html says legal immigrants use more welfare than illegal. is this report too long for you?awww...poor baby...j/k YODA----your no very clear on which side your on.or what your opinion of the report is. PROUSA2--the report is saying in the long run legalization (not just amnisty)is going to add to the deficit.you did catch that point right? MR MORTEN----yes that may be right the report did say because most illegals have below high school education.more research is needed on that.but higher education=higher pay higher pay=higher taxes maybe there is logic to that. can anyone find a site that states which percent of undocumented are here from each country?so far i can only find that 54% are mexican.but i want complete info and stats for all countries undocumented here. note the 16th paragraph. yes it does stand to reason that educating our immigrants is the key.if we just allow them here and not make them get a GED and a degree they are just a drain on the welfare system.another report said that legal immigrants are a higher % on welfare than illegal.so what would be better?legals on welfare but paying taxes or illegals not paying taxes but not alot on welfare?
Your opinion Congressional study shows illegal immigrants sap tax dollars ? A study by the U.S. Congressional Budget Office released Tuesday backs up the view that undocumented immigrants sap more tax dollars than they provide, especially in education, health care and law enforcement. The study pulled together reports from the past five years, using data from sources including the Pew Hispanic Center, the Rand Corp., the U.S. Department of Homeland Security and various universities. The Congressional study also incorporated facts from states, including Arizona, but its authors acknowledged there was no aggregate estimate that could be applied to the entire country. The report says that in 1990, 90 percent of undocumented immigrants primarily were in six states: California, Florida, Illinois, New Jersey, New York and Texas. By 2004, undocumented immigrants had increased tenfold in other states, most notably Arizona, Georgia, North Carolina and Tennessee, according to statistics from the Pew Hispanic Center. The report estimates there are 12 million undocumented immigrants nationwide. Of those, 60 percent are uninsured and 50 percent of the children are uninsured. Again using 2004 statistics from the Pew Hispanic Center the average income of undocumented immigrants was $27,400 while Americans earned $47,800. The difference puts undocumented immigrants in a lower tax bracket, thus reducing the amount of federal and state income taxes generated. The study also showed that while undocumented workers represented just 5 percent of state and federal service costs, their tax revenue did not offset the amount spent by government. The authors of the study stated that, "the general consensus is that unauthorized immigrants impose a net cost on state and local budgets. However, no agreement exists as to the size of, or even the best way of measuring, that cost at a national level." In education, which the study notes is the largest single expenditure http://www.bizjournals.com/phoenix/stories/2007/12/17/daily19.html
Powered by Yahoo! Answers
