Citizens Living in New York Part Time Must Still Pay Full Taxes, Supreme Court Rules

According to a report from Bloomberg, these appeals, should they have gone through, would make it so citizens living in the state for only a part-time would receive some sort of tax-break. But, the case, which was being handled by the Supreme Court, will not be going through. Reportedly, those who filed the claim, including one of the founders of Edelman Shoe Inc., claim that New York is in violation of the United States Constitution for not giving tax breaks to those with a dual citizenship. As in, these citizens are paying taxes in both states, despite not living in either full-time. Apparently, a majority of those affected live in nearby Connecticut. The Edelmans, Samuel and Louise, had to pay taxes on a sale from their company to another, Brown Shoe Co., back in 2010. At that time, they were living in Connecticut. However, they also held an apartment in New York, and due to them spending over half of the year there, the state had them pay over $6 million in taxes on the same transactions. It’s because of these charges that New York could be bringing in billions of dollars, the report reads. However, it should be noted that citizens get some credit towards their New York taxes. That is, only if that money is being made from income earned via property ownership, copyrights, trademarks, and the like. Of course, those who are paying taxes in two states are more than likely being double charged on at least some of their purchases. At least enough for this scenario to be brought to the United States Supreme Court. Unfortunately, this won’t be changing anytime soon. What do you think about the current tax situation for dual-citizens? Let us know your thoughts in the comments below.

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