US is one of two nations in the world that taxes its non-inhabitant citizens on worldwide earning, in the same way or rates as inhabitants; another is Eritrea. The United State Supreme Court established the constitutionality of imposition of like a tax in the case of Cook v. Tait.
Wages 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 conjointed 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, advantages are only accrued on the first $106,800 of wages. Employers must withhold earning taxes on wages. An unemployment tax or certain other levies apply to employers. Salary taxes have dramatically raised as a part of federal earning since the 1950s, while venture earning taxes have fallen as a part of earning. (Venture profits have not fallen as a part of GDP).
Property taxes are enforced by most local governments or many particural purpose authorities refer to the fair market value of property. School or other authorities are oftentimes separately governed, or enforce separate taxes. Property tax is usually enforced only on realty, though some jurisdictions tax some forms of business property. 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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