How to Avoid Being Double Taxed

Good day, I am in need of assistance in addressing several inquiries. Would you kindly guide me on how to proceed in seeking answers to my questions?

Very interesting and enlightening.
U r the best

I don't understand how this would be double tax. The company would do tax withholding for the pilot in the pilot's states, and then there would income tax for the company based on where the service is rendered for the customer. That sounds normal. What am I misunderstanding?

This is something the world of state taxes has been dealing with for a long time as Professional Athletes in all Major Sports have lived with this for as long as they have been around. The same thing is true for any touring production.

There should be only one state you pay income tax. Sales tax should only be in one state. No citizen should be taxed. We should not have to tax plan. The government should plan to budget money raise by selling bonds and tariffs like be4 1913. States could put tariffs on items shipped to their states. No need for taxes. Its extortion anywhere else.

Should be illegal to tax you on your property taxes. The $10k SALT deduction cap was just to stick it to the blue states and is cruel and unusual punishment and therefore should be ruled unconstitutional

Its Not just Aviation.
Multistate Apportionment.
Its an insane thing. Basically each state has different rules and factors they consider. And different ways of figuring out what percentage is taxable.
If you operate a business in multiple states. And you do not plan. You can really get screwed. Main issue is I have run into MANY MANY tax preparers and business owners who not only do not understand it but find it impossible to wrap their head around.
Its honestly FAR more difficult to understand and keep track of than even Consolidated returns.

So you just have to operate in a state that taxes based on the customer’s location and only sell to states that tax based on operations and rake it iiiin

I think that taxes should be determined at the Federal level such that states can't weigh in. Specifically, Feds decide if state sales tax should be collected no matter where the customer is from, such that the sales tax goes to that state of the customer or whether it is the business's location's state that gets the sales tax. Plus decide whether if I live in Texas or some other state with no income tax, if I can be required to pay greedy New York income tax, just because my employer is out of NY and I work remotely. Personally, I think that my income tax should only go to domicile location and Federal government, and this needs to be a constitutional ammendment to prevent NY from going all old school Great Britain's English Kings on us.

It’s rare but I love when the video end with “…spot on” lol weird but it’s a odd satisfaction lol

Smart and beautiful ,you are. Stay safe! Stay happy! Love from Norway :-D

This woman is beautiful, smart as a whip, and seems so cool 😎.

I thought taxes were unconstitutional? Didn’t we go to war over 2%? All these laws and regulations seem to be there just to confuse the average man. I would understand if they actually taught us about this in school or before opening a business, but NOPE. No one tells u anything and if you mess up welp that’s on u

Are they talking about different kinds of tax? Like one state charges sales tax and the other income tax? Ive not personally seen states charge sales tax in multiple states. What I have seen is that when you have an employee in a state, you may make "nexus" in that state which means you need to register for sales tax remittance in that state, but the sales tax you pay is only when a customer in that state purchases your product or (saas) service.

Also, companies pass sales tax on to the customer and have you ever noticed two sales taxes on your receipts?

That said, both gary and jasmine are eminently smarter than me ;)

You are awesome ❤

Never thought i woudl here "Gary Vee is spot on" 😂😂

Like California, this should be illegal. States have misused money, and they just want to continue to tax people without representation. This is why many companies left California, and then these states implement tax laws that tax you no matter where you are at. Just because you send service to a state, they shouldn't have the right to tax you.

Services should never be taxed. It's not a product that you can put your hands on

Double theft

What do you mean plan im advance?

One of my business goals is to grow my business enough to need and afford Jasmine's services.

General rules: Don’t do business with New York, California or Illinois

I work in CA for a company that I go into the office once a week. Easy. I think I can move to FL and work 100% remote. Now this is a GIANT international company with global headquarters outside of USA and a business presents in all 50 states(maybe not AK). Can CA tax me if I live and work in FL, but at least some of my coworkers are in CA?

Well double tax is against the constitution soooooo... yeaaaaah

Every post that Ive seen, this lady has nothing but negative comments for a person with any shade of brown, but reinforces all others?!? Self hate

You just keep making the case to abolish income taxes

Don’t pay

What is private aviation with zoom?

Just get rid of the taxes. Problem solved 🤷🏻.

Definitely what the kids are calling a baddie nowadays, but she’s much more than that! The beauty doesn’t hurt though! No simpin just facts.

"Private aviation"? I think he just means remote work in general. Private Aviation isn't making states compete on tax policy.. But remote workers moving to Texas or Tennessee for the state income tax absolutely are making states need to reconsider.

But isn’t there crediting of one states’ tax against another?

Need a video on how to avoid paying taxes altogether...sick of my money being wasted..

Nexus is the WORST

Whaaaaaat

Love your shorts, very informative!

Your eyebrows scare me, I'm too homy for this kind of content.

Wow I had no idea...

so set up a subordinate company or jurisdiction specific entities and keep tax lawyers in business....

Simply dont sell to a state that double taxes. They'll soon lean. It is not the traders fault US tax system is fucked. You pay WAY more taxes than you did under England with Less representation.

Gary doesn't even understand the words that he reads off his teleprompter.

This is the exact reason why the Military Spouse Residency Relief Act was created.

how are you a literal goddess T,T

This doesn't make Gary V any smarter.

Smh. That's wild.

I have no interest in tax law (I hire someone to do that for me) but I could listen to her read a phone book.

TAX law, lol.

Gary Vee isn't a complete fraud today😂

That is absolutely ridiculous. Laughable. Its the same country.

Never thought talking about taxes can be so.. alluring … 😅😅