Anyone know the level of income tax in USA please?
19 January 2005, 08:27 PM
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Anyone know the level of income tax in USA please?
As above, may be relocating to the states, does anyone know the incoming tax rate / rates?
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19 January 2005, 08:49 PM
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The federal tax rate ranges from 25% - 35% depending on filing status and income level. There generally are a number of deductions you can take to lower your income.
Depending on which state you live, you'll have to pay state income tax. I know Texas and Florida have no state income tax.
Then there is property tax (if you buy your house) and sales tax (usually 6-8%) depending on city/county.
Hope this helps.
Mark
Depending on which state you live, you'll have to pay state income tax. I know Texas and Florida have no state income tax.
Then there is property tax (if you buy your house) and sales tax (usually 6-8%) depending on city/county.
Hope this helps.
Mark
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