Quote:
Originally posted by Gattigap
I believe that the similar dynamic occurs amongst states, relevant in our circumstance for GPs that are Ps within a multistate firm. You've gotta pay state tax for not only the state in which you live, but also the other states in which the firm is situtated.
Many states, I think, have tax treaties that allow credits of one set of paid taxes against those owed in the other jurisdiction.
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It's different among the states - less in the way of treaties and more in the way of constitutional questions. There's a general policy in the tax code of providing credits for foreign taxes paid on foreign income, but we often disagree with other countries as to what constitutes "our" income and "their" income, and treaties try to solve that.
But it's the same with many laws - as US citizens we are bound to act in accordance with our countries' laws, whereever we go. If only the US government were required to provide due process whereever it went...
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