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Does the Spousal Employment Contract reduce state taxes, as well as Federal taxes?

April 26, 2017contract employment federal taxes reduce spousal State taxes

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Does the Spousal Employment Contract reduce state taxes, as well as Federal taxes?

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Yes, it reduces taxes on all 4 levels: • federal income tax • social security tax • state income tax • local income tax . . . because it increases legitimate business expenses, and lowers net profit before tax. 4.