US is one of two countries in the world that taxes its non-inhabitant citizens on worldwide income, in the same way 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 first $106,800 of wages in 2009 through 2011. None the less, benefits are only increased on the first $106,800 of wages. Employers should withhold income taxes on wages. An unemployment tax or certain other levies apply to employers. Salary taxes have dramatically raised as a part of federal income since the 1950s, while venture income taxes have fallen as a part of income. (Corporate profits have not fallen as a part of GDP).
Treasure taxes are enforced by most local governments or many particural goal authorities based on the fair market value of treasure. School or other authorities are oftentimes separately governed, or enforce separate taxes. Treasure tax is generally enforced only on realty, though several jurisdictions tax several forms of business treasure. Treasure tax rules or rates diverge widely with yearly median rates ranging from 0.2% to 1.9% of a treasure's value depending on the state.
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