Quote:
Originally Posted by TiltonBB
Massachusetts income tax rate on wages, dividends, and capital gains is 5%. If your friend is paying $25,000 per year in a state that is "just like this' they are doing OK.
That tax amount would come from an income of $500,000 annually.
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I believe the OP's son works for an outfit in LA. If that's correct, his state (CA) income tax may be deducted there from his paycheck, never to be seen again. I expect more and more remote workers will be battling this situation as we move forward.