To: Joe Dallas
How much do you have to earn in CA for your state tax bill to be more than $10K?
Just curious. We don’t have any state taxes here.
4 posted on
01/03/2018 5:13:40 PM PST by
Chuckster
("Them Rag Heads just ain't rational" Curly Bartley 1973)
To: Chuckster
I had an exceptionally good year in 2000 while living in San Diego. Federal income tax was $70,000. CA state income tax was $19,400. That after adjustments for mortgage interest, property taxes and tithing. I don't have the same problem now. Property taxes running $4800 annually. ID state income tax about $13,000 on a married/jointly filing. It's going to bite me this year in spite of W4 of Single/0 on the part of my wife and myself. My wife tosses in extra state tax to compensate for the higher marginal rates.
19 posted on
01/03/2018 5:26:05 PM PST by
Myrddin
To: Chuckster
Just an aside, even as an an Idaho resident, my employer tracks my physical work location and assesses state income taxes by state. I made two trips to San Diego and one to Nebraska this year. Likely just enough to generate a W2 for both of those additional states. That saddles me with purchasing additional TurboTax state editions for each state that generates a W2 plus a filing fee. The taxes paid to Nebraska usually get refunded 100%, yet the amount refunded is less than the cost of the state edition plus filing fee. California may be similar due to limited visits.
30 posted on
01/03/2018 5:32:20 PM PST by
Myrddin
To: Chuckster
Looks like $160,000 if you have a couple, no kids, filing jointly.
Cat’s income tax isn’t bad as long as your income is below $100k. The rates are low in the first tiers and the tiers are wide, unlike many other states that i`’ve looked at moving to.
43 posted on
01/03/2018 5:42:27 PM PST by
CottonBall
(Thank you, Julian!)
To: Chuckster
Not positive but I believe it also includes property taxes and sales taxes in the mix for those who itemize.
71 posted on
01/04/2018 3:50:17 AM PST by
trebb
(Where in the the hell has my country gone? I think Trump may give it back...)
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