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taxes

nature lover
March 01, 2005 11:35PM

Does one pay both federal and a "state" tax, when one is a resident? Also, I think I read that there is no sales tax.

Re: taxes

Islander
March 02, 2005 12:21AM

Hello Nature Lover,

We are not a state... so no state tax.

We do pay Federal Tax (same as the one paid in the mainland), however the $$$ stays in the VI.

There is no sales tax.

--Islander

Re: taxes
avatar

Marty on STT
March 03, 2005 10:13AM

Registered: 13 years ago
Posts: 1,780

Don't we also pay a V.I. tax? Similar to a "State" tax?

(Sheesh! I should look at my paycheck stub more often! Haha!)

~Marty smiling

"We're all here...cuz we're not all there!"

Re: taxes

Islander
March 03, 2005 02:36PM

Admin

Registered: 13 years ago
Posts: 1,161

Hello Marty,

No VI Tax or equivalent of State Tax.

We pay Federal Income Tax, which stays in the VI but is still Federal Income Tax.

Out of your check; Social Security, Medicare, Federal Income Tax

--Islander

Re: taxes

Donnie
March 04, 2005 09:30PM

I have a question about taxes. I am planning on moving down and getting a job and I know that I have to pay the Vi federal tax but I am also planning on having rental property here in the states as well. Will I have to pay all to where I reside or do the taxes go to where it is generated? Thanks for your help!

Re: taxes

Islander
March 04, 2005 10:18PM

Admin

Registered: 13 years ago
Posts: 1,161

Hello Donnie,

Click on the link to check out our section on taxes: [www.vimovingcenter.com]

--Islander

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