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What? I assume you are trying to come to some type of logic but I have trouble following you. I'll try.
You want to file taxes in New Hampshire because you heard they don't have income taxes. New Hampshire only has state tax on interest and dividends. This has nothing to do with Federal Income taxes. However, the state that you live in will also demand that you pay tax in that state if they have state income taxes. States that don't have income tax don't let their citizens off of paying for the running of government. Where do you think they get the money to fund government comes from? They just funnel it through other taxes. They usually have much higher property tax rates and sales tax rates.
Some who have lots of tourism like Florida have higher hotel/motel taxes and sales taxes so they can say that out of state people pay more of their taxes. This is always popular for politicians but in reality the local people pay more on the sales tax side as well. Sorry this got so long.
What else can I help you with?
If you live in Florida but work in Illinois can you avoid paying Illinois state income taxes?
No because Illinois will want some state income taxes paid on the income that was earned in Illinois.
Do you have to file state taxes in a state you do not reside in?
Yes. You must pay income tax to each state in which you worked (assuming that state has a state income tax) and property tax to each state in which you own property.
What percentage is taken out of your paycheck for income taxes?
The percentage taken out of your paycheck for income taxes varies based on several factors, including your income level, filing status, and the state in which you reside. Federal income tax rates range from 10% to 37%, depending on your taxable income. Additionally, state and local taxes can further impact the overall percentage withheld. On average, many individuals may see around 20-30% of their gross income withheld for federal and state taxes combined.
How do you legally avoid California income taxes by moving to Nevada?
If the income is earned in the State of California you are not going to avoid the taxes. As a matter of fact you will probably increase the amount of State Income Tax because you would then have to file a Non-Residence Return, which in many states is at higher rates that a Resident Taxes.
Which of these statements abut state income taxes is false?
All states have state income taxes.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
What are the three taxes taken form your paycheck?
It will depend on where you reside as to what taxes are withheld. Federal Withholding taxes, FICA taxes, and Medicare taxes are the federal taxes that are withheld. Most people will also be effected by State taxes and some will even have to pay city or county income taxes along with the other taxes.
Does Texas have state income taxes?
No Texas does not have a state income tax.
The government should eliminate state income taxes.?
The government should eliminate state income taxes.
Who collects state income taxes?
The state itself will collect income taxes from its citizens if it is a state that collects state income taxes. 43 of the 50 states collect state income taxes.
Which two sources of state revenue are taxes on income?
The two primary sources of state revenue that involve taxes on income are personal income taxes and corporate income taxes. Personal income taxes are levied on the earnings of individuals, while corporate income taxes are imposed on the profits of businesses. Both types of taxes contribute significantly to state budgets, funding essential services and programs.
What do state income taxes not pay for?
State income taxes don't pay for road repair in other states.
