Why is it that some countries double dip? By that I mean, some countries have both income and sales tax, if the other states have a higher sales tax but no state income tax. At least with the VAT you have the choice to either buy or not by the Control how much you pay in state taxes.
My guess it depends on the state. Some states to eliminate state income tax to make it more attractive, there to live. Others do it b / c they can afford. Nevada has no state income tax, and they probably can afford it b / c of all gaming revenues they receive. Other states spend so much money that they probably can not afford to eliminate it. I live in California, and we have so much spending that I do not think that we can eliminate make ever such a big source of income. Especially in California makes the taxes away from Google executives sell shares worth billions of dollars by Look.
I lived and worked in Maine for six months. I suspect that I make, need complete a Tax State of Maine.
Yes, you have a file an income tax declaration form from the state of Maine. You can http://www.state.me.us/revenue/forms/1040/2009.htm find them on notice that if you can fill in another state as well (home country) to report your payments to another state (in this case, you will not be necessary, the taxes on the income you earned twice in Maine to pay).
The family is to sell a property in CT with his own S-Corp are. The owners are residents of FL, MI & NY. Where and how much (state) capital gains are due (if any). Individual win would be $ 300K.
The S-Corporation have to obtain a CT-Source. (I assume the property is real or tangible property). All of the above will win a Federal taxpayer. Either 15% or 25% net long term gain not recaptured section 1250th (Take the property was acquired after 1986 so I will stop my discussion section 1250 recapture to ACRS assets). The gain is 25%, provided that the depreciation was taken on the property. The rest is to win a section 1231st (ยง 1231 is that what experts refer to as "best of Both Worlds" Capital Gain, if income and ordinary damages if a loss. You must also consider whether you even years, five in 1231 had losses in the past, if you so much that could be ordinary income. If you have passive losses reported on Form 8582, from the previous year, it may well free to place these losses. Consult a professional tax on this if you do not know what I mean. CT's tax rate is 5%. On the state level, there is no distinction between different types of income, ie no preferential terms. You have to pay taxes to CT. If you live in NY to get paid the full score for the control CT. (NY has a higher rate than CT – state is 6.85%, 6.85 plus the City of New York is about 3.7%) a person living in NY / NYC NY must also pay the difference between the interest rate and the CT-state rate for NY City. MI is essentially the same yield, if the tax rate higher than CT's 5%. In Michigan it is very possible, subject to a tax. For the FL resident – there is no tax in FL. So you only subject to federal and CT. Everyone needs to file taxes a CT resident return. All of them should consult a professional estimate of payiing. It is very likely that you could port with a "safe" by paying 110% in the last few years for federal tax. The above-mentioned countries should also be taken into account for the different. I recommend you consult very A specialist. BTW is that a Striper in your hands? If this is so beautiful fish!
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