Work in Manhattan-Live in NY vs. NJ?
I currently work and live in Manhattan, NY and I am pondering a move to more suburban areas while maintaining my job in NYC. I was wondering about the tax implications of living in Queens versus living in NJ and where I'll get taxed more given the different state income taxes and the NYC City Tax. Could someone please help? So from a tax perspective, where will I be better off assuming a salary of about $100,000? Thanks.
Also, it seems from other posts that I'd be better off in NJ, assuming I'm not buying a home and paying property taxes. But just looking at it from an income tax perspective, is the difference really that great? How much of a difference would it actually make given a $100,000 salary.
Last edited by kk2009 : 03-18-2009 at 12:00 PM.