Taxation in the United States

Taxation in the United States

Like any other country, taxes are consistently important for government survivals. So this is why taxes are imposed everywhere, especially in the United States.

The united states of America is a federal republic. This republic has a freedom from an external authority, a degree of autonomy. This is a division administrative which works under a self-governing or independent powers. Autonomous countries are divided into a large territorial autonomies which aims to focus on democratic values.

Taxations in the united states are various and consistently considered by levels. For instance if you get an income on your businesses, you will a tax for that income. As well as for sales you made, for imports you did, for your properties, and even for some gifts.

Governments are worried about taxes, because they know that their survivals depend on it. As we know, governments are here to regulate balances, to protect your living, to ensure your security, to protect your properties, to establish justice, in brief detail: the government is here to have an eye on all what you are paying for; for example the payroll taxes, which includes Social Security and Medicare taxes. This kind of tax is imposed by federal and of course all state governments. And the government cannot do it if it has not the money to do it with.

The United States has the most progressive tax systems in the world. After Eritrea, The United States is the second country in the world that taxes its non-resident citizens.

-The Payroll taxes is imposed on the employers and of course on the employees with a combined rate of 15.3%. employers must subtract income taxes on wages.

After the Payroll taxes, we have the Estate (gift) Taxes ; the Sales taxes and the Property taxes.

-The Estate (gift) Taxes:

This kind of taxes is imposed by federal and only some state governments in the U.S. inheritance, whether it is by charity donation or by will, you will have to pay taxes for it. Sometimes, if you are making a charity donation to an organization, sometimes, the organizations will bear the tax for you.

-Sales taxes:

If you are doing some retail sales or services, you will pay taxes. With the Sales taxes, tariffs are imposed by most of the U.S.  states and vary according jurisdictions; from 0% to 16% based on particular goods taxed.

-Property taxes:

Based on market values of properties, most of the local governments are imposing taxes. Property tax rates vary annually dependant on the state within the median rate from 0.2% to 1.9% of the property value.