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*I am thinking about taking a job in the virgin islands us terriority can you please tell me what the state and federal % is
thank you
charles
Posted : December 15, 2004 1:01 pm
There is no state tax. Federal taxes are the same here as in the states. There is also no sales tax.
Pamela.
Posted : December 15, 2004 1:44 pm
However, instead of a "State" tax, we do have a "V.I." tax...kinda like the same thing. It works out to be about the same as in the States.
Posted : December 15, 2004 5:13 pm
Well, not exactly. We only have one tax -- call it whatever. It's paid at the same rate as federal income tax, but it stays here in the territory. That, social security and medicare is it.
Most states have a state tax, some cities have a city occupational tax, we have neither.
Posted : December 15, 2004 7:53 pm