US is one of two states in the world that taxes its non-inhabitant citizens on worldwide income, in the same method and rates as habitants; another 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 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 through 2011. Nevertheless, advantages are only accrued on the first $106,800 of wages. Employers should withstand income taxes on wages. An unemployment tax and certain other picks up apply to employers. Wage taxes have dramatically increased as a share of federal income since the 1950s, while corporate income taxes have fallen as a share of income. (Venture profits have not fallen as a share of GDP).
Wealth taxes are enforced by most local governments and many special objective authorities based on the fair market value of treasure. School and other authorities are oftentimes separately governed, and impose distinct taxes. Wealth tax is generally enforced only on realty, though several jurisdictions tax several forms of business treasure. Wealth tax rules and rates diverge widely with annual median rates ranging from 0.2% to 1.9% of a wealth's value basing on the state.
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