Us Personal Tax: The Highest Tax Rate Is 46% When The Salary Is Paid.

At present, most countries in the world collect personal tax, and adopt progressive tax rate according to household annual income.

According to the OECD's release

In the United States, even if we have 1 dollars in income, we must pay taxes.

Personal income refers to all income of a family within a year, including wages, operating profits, etc.

Most of the state, county and town governments in the United States collect personal taxes. There are 43 states that collect personal taxes, of which 7 are proportional taxes (one tax level, one tax rate for taxable income), the tax rate is generally around 3%-5.3%, 34 states are progressive tax rates, the highest tax rate is 10%, and New Hampshire and Tennessee state only levy personal dividends and interest rates. The tax rate is 34.

In this way, taxpayers in the states of the United States pay a combined tax rate of 46% of the total federal and state taxes.

For wage earners, the individual tax is withheld from the employer when the salary is paid.

The employee gives the employee a "W-2 form" before February 1st every year, which lists all kinds of income and tax deduction.

When the United States goes to the president, 90% of the taxpayers will receive the "W-2 watch".

{page_break}

Every year before April 15th, taxpayers should submit the official tax returns to the IRS. According to the taxpayer's status and source of income, taxpayers should choose different personal tax returns, but the most commonly used form is the "1040 tables". There are taxpayers' basic information on the table, the status of taxpayers and the number of people who support, the total income inside and outside the country, the various tax-free items, the taxable income after the total income minus the tax allowance, the amount of tax payable, and the total amount of withholding tax when the payroll is paid.

If the amount of tax payable is greater than the total amount of withholding tax, the amount of tax is paid; if the total amount of tax payable is less than the total amount of withholding tax, the excess tax will be returned to the taxpayer by the IRS.

Although the US personal tax is calculated by family units, the declaration is more flexible. Couples can declare jointly and declare separately. There is little difference in taxes. Most families choose couples to combine bonded.

For low-income families, family tax returns can also achieve "negative tax", that is, the government's welfare allowance.

According to the research report released by the US tax administration center, about 2009 of American families in the year 47% did not have to pay federal tax, and many families received family subsidies from the federal government.

Take the 2010 federal tax declaration as an example. If a family of four earn less than 50000 dollars a year and have two children under the age of 17, the family is "negative tax".

The concrete method of calculation is to deduct the family standard allowance from 11400 dollars, minus the personal allowance of 3650 dollars, and the total income of four people to 14600 dollars, so that the taxable income is 500 thousand - 1, 14 thousand - 14 thousand = 24000 dollars.

According to the tax rate of the United States in 2009, the family should pay tax at the minimum tax rate of 10% (0-16700 US dollars) and the tax rate of 15% (second dollars) (16701-67900 dollars). The tax amount is 16700 x 10% + (24000-16700) 15% = 2765 dollars.

Two children under 17 years old, each child deducts the tax deduction to be 1000 dollars, so the duty payment still has 2765-1000 * 2 = 765 US dollars.

In addition, there is a $800 wage tax deduction for the couple's tax return. The family's final taxable amount is 765-800 = $35, that is to say, the family not only pays the federal tax, but also gets a subsidy of 35 dollars from the government.

This is one of the advantages of the American personal tax system. The lower the income, the more the family population, the more money the government has to pay, so that low-income families can live honorably.

In addition to individual tax, there is another American.