US is one of two states in the world that taxes its non-habitant citizens on worldwide revenue, in the same way and rates as inhabitants; the other is Eritrea. The United State Supreme Court upheld the constitutionality of imposition of such a tax in the case of Cook v. Tait.
Payroll taxes are enforced by the federal and all state governments. These inclusive Social Security and Medicare taxes enforced on both employers or employees, at a combined rate of 15.3% (13.3% for 2011 also 2012). Social Security tax applies only to the 1st $106,800 of wages in 2009 through 2011. However, advantages are only accrued on the first $106,800 of salary. Employers must withhold income taxes on salary. An unemployment tax or particular other levies apply to employers. Salary taxes have dramatically increased as a part of federal income since the 1950s, while company earning taxes have fallen as a share of income. (Company profits have not fallen as a part of GDP).
Treasure taxes are enforced by most local governments or many specific purpose authorities refer to the fair market value of property. School and another authorities are oftentimes separately governed, also impose distinct taxes. Treasure tax is mostly imposed only on realty, though several jurisdictions tax some forms of business property. Property tax rules and rates differ widely with annual median rates ranging from 0.2% to 1.9% of a wealth’s value basing on the state.