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by JacobDotVI
3060 days ago
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As a note - Residents of US Territories pay territorial personal income taxes instead of federal personal income taxes. In the US Virgin Islands, for example, the tax rates are the exact same, as the USVI tax code mirrors the US Tax Code. The same amount of money leaves your bank account, it just goes to the territory instead of the fed - you even use the exact same Form 1040. |
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