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Retirement tax questions
Thanks! I also saw this statement in that document: "City taxes are paid on income (salaries, wages, profits, and other compensation) when it is earned, not when it is received in retirement."
Although, this raises a bigger question. Do all cities do this? (The rest doesn't apply if the answer is yes)
If I'm paying local taxes on my pre-tax contributions now; but in retirement, I move to a city in the USA that taxes my withdrawals. Will I get double taxed?
Although, this raises a bigger question. Do all cities do this? (The rest doesn't apply if the answer is yes)
If I'm paying local taxes on my pre-tax contributions now; but in retirement, I move to a city in the USA that taxes my withdrawals. Will I get double taxed?
‎June 4, 2019
1:42 PM