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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.
Posted : March 2, 2005 2:35 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
Posted : March 2, 2005 3:21 am
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!)
Posted : March 3, 2005 1:13 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
Posted : March 3, 2005 5:36 pm
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!
Posted : March 5, 2005 12:30 am
Hello Donnie,
Click on the link to check out our section on taxes: https://www.vimovingcenter.com/island_living/taxes.php
--Islander
Posted : March 5, 2005 1:18 am
