2007-02-13 02:00:51 · 3 answers · asked by eljayco 1 in Business & Finance ➔ Renting & Real Estate
I had the same issue. I'm moving to CT, and working a full time job in Manhattan. I also have a part time job in CT, but my accountant tells me that I need to pay NYC taxes on both my full time and part time jobs because if you have income coming in from NYC, you need to pay NYC taxes on all your income - including the portion that doesn't come from NY. Totally unfair, but that's the way it is.
2007-02-13 02:14:34 · answer #1 · answered by fridcicles 2 · 0⤊ 0⤋
As a native New Yorker here is my take on it. First living within NYC and Five Boroughs your property taxes are cheaper than NJ's. I believe NY's income tax (also you will pay a NYC tax as well) and sales tax is higher than NJ's. A former associate of mine lived in NJ and worked in NYC. She pays less taxes. You just have to factor in the travel costs and time.
2007-02-13 12:42:42 · answer #2 · answered by tianaramal 4 · 0⤊ 0⤋
You are going to paying NY income taxes either way, which are horrible. But you can avoid proerty taxes in NY by living in NJ so I would say that would be better. Not to mention the fact that cost of living is alot less in most areas of NJ. t
2007-02-13 10:04:28 · answer #3 · answered by Anonymous · 0⤊ 1⤋