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Similarities between state income tax and federal income tax?

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Answered 2010-07-30 12:59:16

The taxable amounts of the income from each income tax return will be taxed at the tax rates for the state and for the federal.

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State goes to state budget & Federal goes to ferderal budget.



The similarities between unitary and federal states could be that both types of governments could be democracies. A unitary state could be democratic when the people elect the government officials, as is the case in a federal state.


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A person is more likely to be convicted in a state court than in a federal court.


Yes and the state doesn't matter on federal income tax returns. Federal is federal and state is state.


No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.


they can both build roads, and establish local governments. =)


State Income Tax is an extension of the Federal Income Tax. The ability to collect a State income tax requires that the Indirect Excise Taxable event has occurred within the borders of such State with an income tax and that there is federally adjusted gross income. ** See my other responses on what is the income tax to understand the nature of the income tax ** State income taxes are not separate from the Federal income tax, but are merely an extension of the federal tax where otherwise federal income tax liability exists, the State collects a share, that's it.


In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)


Yes. State refund must be claimed as income on your federal return.



No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.


State income taxes are deductible from Federal taxable income in the year they are paid, regardless of when they were due.


No you do not send a copy of the state income tax return with the federal income tax return.


Every state has a federal income tax that each person must pay.


Federal goes to Washington, D.C. State goes to State.


State income tax payments are deductible on your federal income tax return. (You may deduct state income tax or sales tax, but not both.) Federal income tax payments are deductible on your state tax return in a tiny number of states.


Interest payments on Treasuries are subject to federal income tax, but not state income tax. If you buy and sell Treasuries, any capital gains are also subject to federal and usually state income taxes.


FEDERAL income tax is governed by FEDERAL law and regulations- same everywhere. Different STATES may have different STATEtaxes.


You have only the Federal income tax return and Maine state income tax return. The due date for the Federal income tax return and amount due is April 15 2010. The Maine state income tax return and any amount that is due is also April 15 2010.


The amount of your tax liability is based on your TAXABLE INCOME after your income tax return is completed completely and correctly down to the TAXABLE income line of each income tax return.


this is a question when is the last day you can send in federal income tax


If you live in New York City, you pay federal, state, and local income tax. If you live in Indiana, you pay federal, state, and county income tax.


All states have federal income tax. The only states with no state income tax are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming.



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