#413 Open Forum | Your Questions Our Answers
Main Street Business
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Is There a Way to Categorize Your Earnings in Texas and Arizona?
There is a way, but you got to leave the Beehive state. So long as you live there, they are going to tax you at their flat tax rate of 4.85%. Let's basically just call it 5%. You make 100 grand? I don't care if that's on Mars, in Texas, in Arizona, in Utah. The difference, let's say Arizona, 2.5%, you make 100 grand, you allocate to Arizona, 2,500 bucks. You get a $2,500 credit in Utah. Another 2,500 up to 5% in Utah.
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