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Same as you do now when you work in one state and live in another: pay taxes in one. Get credit for those taxes in the others. Net effect: you pay the highest o
by cletus 8y ago
Same as you do now when you work in one state and live in another: pay taxes in one. Get credit for those taxes in the others. Net effect: you pay the highest of the tax rates.
This is a solved problem.
- tathougies 8y agoIf the end result is paying the highest tax rate, then you haven't actually changed anything by your policy proposal.
- cletus 8y agoSure it is. Tax is withheld at source and the only thing that offsets it other US taxes. This is substantially better than current situation that allows transfer pricing to move profits to a lower tax jurisdiction.
- tathougies 8y agoThanks for the explanation. That makes more sense.