The United States is one of two states in the world that taxes its non-resident citizens on worldwide revenue, in the same method or rates as residents; the other is Eritrea. The United State Supreme Court upheld the constitutionality of imposition of such a tax in the case of Cook v. Tait.
Wages taxes are imposed by the federal or all state governments. These include Social Security or Medicare taxes imposed 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 1st $106,800 of wages in 2009 thru 2011. However, benefits are just accrued on the first $106,800 of wages. Employers must restrained revenue taxes on wages. An unemployment tax or particular another picks up apply to employers. Payroll taxes have dramatically increased as a share of federal revenue since the 1950s, while company revenue taxes have fallen as a share of revenue. (Venture profits have not fallen as a share of GDP).
Treasure taxes are imposed by most local governments or many particural aim authorities based on the fair market value of property. School or another authorities are oftentimes separately governed, or impose separate taxes. Treasure tax is usually imposed just on realty, though some jurisdictions tax some forms of business property. Treasure tax rules or rates diverge widely with yearly median rates ranging from 0.2% to 1.9% of a treasure's value reffering to the state.
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