The United States is one of two states in the world that taxes its non-resident citizens on worldwide revenue, in the same method and rates as residents; another is Eritrea. The U.S. Supreme Court established 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 and employees, at a conjointed rate of 15.3% (13.3% for 2011 and 2012). Social Security tax applies only to the 1st $106,800 of wages in 2009 through 2011. Nonetheless, advantages are just accrued on the first $106,800 of salary. Employers must withstand revenue taxes on salary. An unemployment tax and specific other picks up apply to employers. Payroll taxes have dramatically raised as a share of federal revenue since the 1950s, while corporate revenue taxes have fallen as a share of revenue. (Corporate profits have not fallen as a share of GDP).
Wealth taxes are enforced by most local governments and many specific purpose authorities refer to the fair market value of property. School and other authorities are often separately governed, and enforce separate taxes. Wealth tax is mostly enforced just on realty, though some jurisdictions tax some forms of business property. Wealth tax rules and rates vary widely with annual median rates ranging from 0.2% to 1.9% of a treasure's value basing on the state.
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