How much tax is there in America?

Once a company is registered in the United States, whether its shareholders and legal persons are tax residents of the United States or not, the company must be tax residents of the United States, and the operating income on a global scale must be taxed according to the tax law. From 20 18, the federal income tax rate is 2 1%, and the tax rates vary from state to state.

If foreign companies operate in the United States, the scope of tax payment will be limited to the income from business operations in the United States, with a tax rate of 30%, but the tax amount is calculated on the basis of income rather than net profit.

If foreign companies want to be consistent with American companies in tax rates, they can deduct fees and calculate taxes based on net profits, and need to apply to the IRS for an EIN.

Income tax is declared once a year. Generally, professionals such as certified public accountants, registered agents of the State Administration of Taxation, and registered tax agents of the Inland Revenue Department help enterprises fill out forms and declare.

2. Business tax

Sales tax is levied by state and local governments. Consumers in different states pay different taxes, and the tax rates in different counties and cities in the same state may be different.

Sales tax is the tax that merchants collect from consumers on behalf of the government when selling products (services are exempt from sales tax), and then they report to the state government on a regular basis, and then the state government distributes it to local governments.

All businesses must apply for a sales license in the state government where they operate, so as to get a sales tax number. The sales tax number is different from the federal tax number. Enterprises must have a federal tax number before they can apply for a state tax number.

Before the emergence of Internet economy, the application and declaration of business tax was not a complicated matter, but the emergence of e-commerce and cross-border electronic commerce made it difficult to easily complete the application and declaration of business tax number.

It is difficult for the state government to get the data of cross-state sales to find tax-collecting enterprises, and sometimes even the data of e-commerce in the state are not available. For e-commerce, it is unrealistic and costly for each state to apply for a tax number.

3. Payroll tax

Payroll tax is a general term, including employee's wage income tax (federal &; State income tax), social security (medical insurance) and employment insurance.

Wage income tax enterprises only assist the government to withhold from employees' wages, while social security and medical insurance enterprises need to pay the enterprise part in equal amount in addition to withholding the part paid by employees.

The payroll tax is calculated every time the salary is paid, and it is collected by the IRS, while the unemployment benefit is collected by the state government. Enterprises pay taxes once a month and declare once a quarter. If you declare the whole year again every year, it is equivalent to giving the enterprise an opportunity to check, adjust and modify.

4. Concession tax

Some enterprises need to pay royalties, such as gasoline, tobacco and wine. There are also some enterprises that use a large number of imported goods in their business premises, and the tax bureau has the right to inquire whether these goods are produced by the enterprise, because some manufacturers need to pay franchise tax on the goods produced. Franchise tax is a one-time levy, based on production rather than consumption.

5. Property tax

The scope of payment of property tax includes all properties used for business, which are collected by the state and local governments, including real estate tax and commodity tax. The tax rate is generally below 3% and is paid once a year. Calculated according to the property value assessed by the state government. If the enterprise disagrees with the valuation, it can appeal.

6. Tariffs

Tariff is not a tax in English, but a tax in Chinese. Accountants are generally not proficient in tariff terms, but some customs brokers and customs declaration companies will be familiar with the mechanism of tariff collection and tax refund. The calculation basis of tariff is the declared value of goods, which belongs to one-time taxation.

7. Use tax (use tax)

If an enterprise purchases assets from a foreign country or a foreign country, in addition to paying customs duties and foreign sales tax, it also needs to pay use tax to the state government. For example, a hotel can avoid paying sales tax if all mattresses are purchased from abroad or tax-free States instead of in this state. After the state government gets the data from the customs, it will send a letter to the hotel asking it to confirm whether the use tax is involved.