Comments on: Tax in NY v.s. NJ State

By: Garry

Garry — Mon, 26 Jan 2009 19:31:45 +0000

So much with the equity of the taxation system. Yes, living in NJ definitely provides and advantage and I don't understand why this discrepancy, taxes should differ for geographical reasons. People in this situation should have the right to benefit from tax relief.

By: nikki

nikki — Wed, 27 Aug 2008 22:05:46 +0000

I’m hoping someone could give me some sound adice. I have been accepted for employmnet for a great IT company as as an exec. admin with great benefits and the ability to study for my MBA. This co. is 1.8 miles away from my apt! I just interviewed with another more interesting co. in NYC as the Business Relations Manager. I have the experience to get the job and it will certainly challenge me more.
The problem, the salaries are within approx. $2000-3000 (the NY co. paying more) but I’m thinking about the taxes I’d have to pay and teh commute. With that in mind, i figure that the NJ job is the smarter choice. Any thoughts? Thanks

By: JackD

JackD — Sun, 06 Jul 2008 00:41:41 +0000

Hi,

I have a question related to this. I just started a new job in north NJ. Where should I live for income tax purpose, NY or NJ. Thanks,

By: Elliott Back

Elliott Back — Wed, 11 Jun 2008 23:51:08 +0000

Bobby you’re right, I meant to write simple “tax,” although the fiduciary adjective can be rightfully applied to the government-citizen relationship with regards to taxation in a fiat money system.

By: James

James — Wed, 11 Jun 2008 13:47:21 +0000

One minor comment:

If you live in NJ but work in NY you will be taxed NY state income tax which will then become a credit on your NJ state income taxes. Basically you end up paying NY state income tax for any income earned while in NY and NJ tax for income earned in NJ. If 100% of your taxable income comes from a job in NY, you pay zero NJ state income tax (I believe).