New Jersey, Meghan Mccarty Carino, Dave Mirra discussed on 90.3 KAZU Programming
C. I'm Kimberly Adams in for Kyra Stall. It's Thursday, the 24th of December. Glad to have you with us over in Europe. Today, they finally finally reached a deal on Brexit on this side of the Atlantic. No such luck after President Trump refused to sign the coronavirus relief bill. Congress spent months negotiating. He's now in Florida, leaving Washington and America in limbo over what happens next. Many of the program's keeping millions of families of float are set to expire in just a few days. That stripped down relief bill we thought was going to pass left out eight for state and local governments. States are now fighting each other over, which should be able to collect income taxes for the hundreds of thousands of remote workers who used to commute across state lines from the workplace. Culture desk marketplaces Meghan McCarty Carino has that one. Before the pandemic. Dave Mirra, now ski commuted every day between his New Jersey home into work at an architecture firm in Manhattan. I ride my folding bike to the ferry, and then I take the ferry across. He also has to file Texas in both places. New York is one of seven states which tax workers based on where they're physical offices located New Jersey normally refunds the more than $1 billion paid by residents like Mira Now ski who have to pay taxes to New York, But this year is different. Think it was March 15th when my office closed, so New Jersey and about a dozen states are bringing the legal question to the Supreme Court. Try to stop states from taxing workers who never step foot in the office. This becomes a serious problem if remote work becomes a long term phenomenon, as it probably will. Jared Wall Sack with the Tax foundation says while states have had agreements to avoid double taxing workers that could change if your home state decides that You truly are both living and working in their state than they might still tax you, especially as state struggle to make up a drop in other tax revenues due to the pandemic, says Louise Shaner with the Brookings Institution. Clearly, there's some pain of things like cracking tolls and gas taxes and drops and tourism and sales taxes. All that's pushed state revenues down an average of 5%. So every last tax dollar counts. I'm making McCarty Carino for marketplace. It was a quiet day on Wall Street, but we'll have those details of it later when we do the numbers..