USA is one of two countries in the world that taxes its non-habitant citizens on worldwide earning, in the same way and rates as inhabitants; another is Eritrea. The U.S. Supreme Court upheld the constitutionality of imposition of like a tax in the case of Cook v. Tait.
Payroll taxes are enforced by the federal and all state governments. These include Social Security and Medicare taxes enforced on both employers and employees, at a combined rate of 15.3% (13.3% for 2011 and 2012). Social Security tax applies only to the 1st $106,800 of wages in 2009 thru 2011. None the less, advantages are only increased on the first $106,800 of salary. Employers must withstand earning taxes on salary. An unemployment tax and particular other collects apply to employers. Wage taxes have dramatically increased as a share of federal earning since the 1950s, while corporate earning taxes have fallen as a share of earning. (Venture profits have not fallen as a share of GDP).
Treasure taxes are enforced by most local governments and many special goal authorities refer to the fair market value of wealth. School and other authorities are oftentimes separately governed, and enforce distinct taxes. Treasure tax is generally enforced only on realty, though several jurisdictions tax several forms of business wealth. Treasure tax rules and rates diverge widely with yearly median rates ranging from 0.2% to 1.9% of a property's value depending on the state.
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