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Reply to "For those with high HHI ($500K), tax saving strategies"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you are a high W2 income employee you really need to live in a state with no or moderate income tax.[/quote] Most high W2 income jobs are located in states with higher income taxes[/quote] This, unfortunately. Most Tier 1 and 2 cities (for COL adjusted pay, this is an actual method used by HR, not trying to start a city war!) are located in states with high state taxes. Tier 1 pay is SF, LA, NYC, usually Seattle. DC area is Tier 2 (so 90% ish of what a Tier 1 employee gets for base depending on company and then usually if you’re in tech RSUs are not adjusted for COL). That’s not a bad deal if you live in VA which basically has a flat state income tax. [/quote]
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