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Old June 20th, 2009, 07:16 PM   #14
highvoltage
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Join Date: Nov 2008
Location: NH
Posts: 544
highvoltage
Quote:
Originally Posted by ExSoldier View Post
.....New Hampshire (but has 5% tax on div/int)....
Above a certain amount:

Quote:
Statute: RSA 77
Administrative Rules: Chapter Rev 900
Frequently Asked Questions and Answers

What is it? A 5% tax is assessed on interest and dividend income. The State of New Hampshire does not have an income tax on an individual's reported W-2 wages.

Who pays it? Resident individuals, partnerships, limited liability companies, and fiduciaries with non-transferable shares earning interest and dividend taxable income of more than $2,400 annually ($4,800 for joint filers). In addition, the following exemptions may also apply: 1) a $1,200 exemption is available for residents who are 65 years of age or older; 2) a $1,200 exemption is available for residents who are blind regardless of their age; and 3) a $1,200 exemption is available to disabled individuals who are unable to work, provided they have not reached their 65 th birthday.
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