An America is one of two countries in the world that taxes its non-resident citizens on worldwide revenue, in the same manner or rates as residents; the other is Eritrea. The U.S. 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 or all state governments. These include Social Security or Medicare taxes enforced on both employers or employees, at a combined rate of 15.3% (13.3% for 2011 or 2012). Social Security tax applies only to the 1st $106,800 of wages in 2009 through 2011. None the less, benefits are only increased on the first $106,800 of wages. Employers must restrained revenue taxes on wages. An unemployment tax or specific another collects apply to employers. Wage taxes have dramatically increased as a share of federal revenue since the 1950s, while corporate revenue taxes have fallen as a share of revenue. (Company profits have not fallen as a share of GDP).
Property taxes are enforced by most local governments or many specific purpose authorities based on the fair market value of wealth. School or another authorities are oftentimes separately governed, or enforce distinct taxes. Property tax is mostly enforced only on realty, though several jurisdictions tax several forms of business wealth. Property tax rules or rates diverge widely with yearly median rates ranging from 0.2% to 1.9% of a property's value basing on the state.
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