Hi guys,
Would like to ask some questions. Please bear in mind I'm not very good with the tax system in the United States and therefore I would like to know:
1). I'm currently a currency trader, and I have a full time job, but by the time I have enough fund, I'll be a full time trader. I'll be traveling to the states to activate my green card in 2010 March, and probably will received my green card in two weeks but I'll only go activate the SSN in a year later because I need to stay with my current employer for one year due to the contract condition.
Do I have to pay the tax in 2010 before I activate my SSN (Social Security Number) in 2011?
2). I notice some states' resident doesn't have to pay for the state tax, I'm wondering, If I wish to stay in the Chicago, but what If my Identity Card stated WA, North Dakota etc (Non taxable states for state tax), do I still have to pay the state tax? I enjoy travel and I wish to travel to lot of places, and I was wondering If my Identity card stated for (non state tax's state like WA, or North Dakota etc) then I don't need to pay for the state tax for the state that I haven't travel to like Chicago. Is this correct? Because I might changed my mind someday and want to travel to other places.
3). I'm not trying to not pay tax, I know tax is essential, my parents will stay in my current country but they will be depend on me, I know I require to pay 30% tax from the profit I made, or 50% tax from the job. What I'm interested to know is, what to do to pay lesser tax? Like If I tell the tax officer that my parents currently depends on me, how much tax do I have to pay in that situation? I mean the % (estimated)
4). Before I activate my green card and SSN, what can I do to pay less tax? Such as tell them would like my Identity card stated WA, or North Dakota, and anything else I can do to avoid other unnecessary tax?
Please help and I'd really appreciated. Again, my main question is how to pay less tax but reasonable tax, I'd never try to avoid to pay the tax.
Thanks for your time guys.
TK