An America is one of two nations in the world that taxes its non-inhabitant citizens on worldwide income, in the same manner and rates as residents; the other is Eritrea. The U.S.A. Supreme Court established the constitutionality of imposition of like a tax in the case of Cook v. Tait.
Wages taxes are imposed by the federal and all state governments. These inclusive Social Security and Medicare taxes imposed 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 first $106,800 of wages in 2009 through 2011. Nevertheless, benefits are only accrued on the first $106,800 of wages. Employers should restrained income taxes on wages. An unemployment tax and specific other levies apply to employers. Salary taxes have dramatically increased as a part of federal income since the 1950s, while corporate income taxes have fallen as a part of income. (Venture profits have not fallen as a part of GDP).
Property taxes are imposed by most local governments and many particural objective authorities based on the fair market value of property. School and other authorities are often separately governed, and impose separate taxes. Property tax is mostly imposed only on realty, though some jurisdictions tax some forms of business property. Property tax rules and rates vary widely with annual median rates ranging from 0.2% to 1.9% of a property's value basing on the state.
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