RobertB4444
Expert Alumni

Retirement tax questions

The state of Florida doesn't know your tax rate.  So they're paying you assuming that your only income is from your job in the state and that you will therefore be able to cover 100% of the taxes using the amount that they paid you to cover taxes.

 

Unfortunately, as you are well aware, if you have a two-income household your tax rate can be higher than the tax rate that they assumed you would be paying.  So you are paying a little more in taxes than they assumed that you would be.

 

@mcneely3649 

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