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nature lover
 nature lover
(@nature lover)
Guest
Joined: 14 years ago
Posts: 3
March 2, 2005 2:35 am  

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.


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Islander
(@the-islander)
Member Moderator
Joined: 14 years ago
Posts: 3009
March 2, 2005 3:21 am  

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


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Marty on STT
(@Marty_on_STT)
Trusted Member
Joined: 14 years ago
Posts: 1780
March 3, 2005 1:13 pm  

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


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Islander
(@the-islander)
Member Moderator
Joined: 14 years ago
Posts: 3009
March 3, 2005 5:36 pm  

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


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Donnie
 Donnie
(@Donnie)
Guest
Joined: 15 years ago
Posts: 17
March 5, 2005 12:30 am  

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!


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Islander
(@the-islander)
Member Moderator
Joined: 14 years ago
Posts: 3009
March 5, 2005 1:18 am  

Hello Donnie,

Click on the link to check out our section on taxes: https://www.vimovingcenter.com/island_living/taxes.php

--Islander


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