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  Answer this Question    Ask about Taxes    Ask about another Subject  
 

armonogon
Feb 22, 2007, 07:18 PM
Hello
What are the exact percentages in taxes that will come out of my pay per month? What I will pay? I have read the posts concerning the issue. But I wish calculate the percentages to see whether or not it is worth working there to what I will be receiving yearly.

thank you

AtlantaTaxExpert
Feb 22, 2007, 11:19 PM
Percentages? During tax season without knowing your pay levels?

What have YOU been smoking?? :-)

beeone
Feb 24, 2007, 09:06 AM
Hello
What are the exact percentages in taxes that will come out of my pay per month? What I will pay? I have read the posts concerning the issue. But I wish calculate the percentages to see whether or not it is worth working there to what I will be receiving yearly.

thank you

I also just accepted a job postion in NY and was told that they take both state taxes out of your check, I was wondering at the end of the year when you file income taxes do you get a credit when filing your NJ tax return? or is there a way around NY state taxes, I am not a resident of NY so why should I pay taxes in a state I am not a resident off?

I am orginally from Illinois and alot of people would work in Indiana, but they never has 2 state taxes taken out of their check can someone please clairfy, I have yet to take the position and I am wondering with travel costs, tolls, is:eek: this is it really worth it.

thanks

AtlantaTaxExpert
Feb 24, 2007, 11:13 PM
All states tax the people who work within their borders. There is no way around that.

NJ, like most every state, gives you a credit for the taxes you paid in NY. Because NY tax rates are much higher, this credit usually completely offsets your NJ tax liability unless you have another job in NJ or your wife works in NJ.

beeone
Feb 26, 2007, 06:23 AM
All states tax the people who work within their borders. There is no way around that.

NJ, like most every state, gives you a credit for the taxes you paid in NY. Because NY tax rates are much higher, this credit usually completely offsets your NJ tax liability unless you have another job in NJ or your wife works in NJ.

thanks so much atlanta tax expert, I appreciate the fast reply, i figured that I should at least be able to claim the differnce at the end of the year, I guess I can go to the NY state tax website and look up the tax brackets and rate of taxation? much appreciate it

another thing, if i do have another job in NJ, a contract position, you kno like a position where I would have a 1099, what can happen?

AtlantaTaxExpert
Feb 26, 2007, 10:36 AM
You will have to pay taxes to NJ on that money, plus self-employment tax to the IRS.

beeone
Feb 26, 2007, 05:09 PM
thanks again so much atlanta tax expert, take care, peace this is a cool forum, if i had a tip to give you I would send it asap:D

AtlantaTaxExpert
Feb 27, 2007, 10:46 AM
Glad to help! ANY amount of the tip is better than NOTHING!! :-)

beeone
Feb 27, 2007, 02:58 PM
Glad to help! ANY amount of the tip is better than NOTHING!! :-)

well I pray blessings and increase in your life and the lives of everyone you touch, peace and take care, atlanta tax expert, and thanks again, cuz i am sorta broke at this time, but not for long hopefully

AtlantaTaxExpert
Feb 28, 2007, 10:14 AM
Just joking about the tip!