what does PLACE OF TAXATION means?

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what does PLACE OF TAXATION means?

2006-07-06 17:43:27 · 2 answers · asked by angel 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

Place of taxation means that you have to pay the tax where the income was derived.

2006-07-11 20:32:58 · answer #1 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋

If you lived in Florida, but then moved to California, but for 4 months earned income in Florida, which wants to levy some state tax on you, for the purposes of this tax Florida is the place of taxation even though you don't live there anymore.

2006-07-07 00:46:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋