re: #142 Jay C

Leaving aside the schadenfreude-enhancing griping from the wingnuts
over the Evenwel decision, this carp:

seems to show that the commenter’s grasp of tax regulations is about as solid as his understanding of the Constitution. Unless I’m wrong (always possible) aren’t workers only taxed by one state at a time ? IOW, if this guy lives in Idaho, but pays tax to CA for work done there, aren’t employment taxes paid to one state deductible from the tax liability from another one? Maybe he should spend less time on FR, and more with an accountant…..

For a while, I worked in Louisville, but lived across the river in Indiana. I had to file state tax returns in two jurisdictions, and my employer was obliged to deduct state and local taxes from my pay. But, I could use those outside taxes as deductions on my state tax returns.

It sounds complicated, but in practice it all went smoothly.

Now i live in China. My employer here pulls national taxes from my pay before it hits the bank (1.6% of my pay), and I still must file US tax returns each year, but foreign income below $100,000 is not taxed by Uncle Sam. My income is well below that.

Perhaps sadly, I will probably never need an offshore tax shelter for my vast thousands of dollars.