USA is one of two nations in the world that taxes its non-habitant citizens on worldwide income, in the same manner and rates as inhabitants; another is Eritrea. The U.S.A. 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 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 thru 2011. None the less, benefits are only accrued on the first $106,800 of wages. Employers should withhold income taxes on wages. An unemployment tax and specific other levies apply to employers. Wage taxes have dramatically increased as a part of federal income since the 1950s, while corporate income taxes have fallen as a part of income. (Company profits have not fallen as a part of GDP).
Property taxes are imposed by most local governments and many particural goal authorities refer to the fair market value of treasure. School and other authorities are oftentimes separately governed, and enforce distinct taxes. Property tax is mostly imposed only on realty, though some jurisdictions tax some forms of business treasure. Property tax rules and rates differ 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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