Thread: Any "Latest & Greatest" about Delta?
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Old 08-29-2017 | 10:42 AM
  #193186  
FL370esq
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Originally Posted by sailingfun
Correct it is taxable income so if you would owe 20K for state tax they pay you 30k total to offset the increased federal tax.
And then you pay tax on the $30k as well....it is a vicious cycle. 😁