U.S. Taxes
The United States of America (USA) is one of the largest countries in the world, home to approximately 329 million people. The states are located in North America, the capital is Washington.
The USA is a diverse, colorful, interesting country, whose economy is capable of influencing the global situation, and whose culture and science are impressive and strikingly developed, as well as unique.
The state has a well-developed industrial and service sector
For numerous large corporations, medium and small businesses, as well as individual entrepreneurs, the USA is the dream place in which to open a business and earn big money.
That open a business in the USA, and successfully develop a commercial area, you will need to study the local taxation system very well, since it is one of the most complex and unstable.
The specialists of the E-COMMERCE BROKER Company will help you understand all the intricacies of the US tax burden. We will not only introduce you to US taxes, but also register a company in a short period of time without unnecessary financial expenses.
Features of the US tax system
The American tax system consists of three levels of fees:
- Federal - taxes are set by the government of the country.
- State - determined by the authorities of each individual state.
- Local - these include fees in districts and cities.
Tax rates vary widely across the country and are determined by local governments. Thus, residents of more progressive, “rich” areas pay much higher taxes than those who live in “poor” counties.
The main feature of the American tax system is parallelism, that is, the same type of tax can be levied at the federal, local, and state levels.
Main types of taxes in the USA
- Corporate income tax.
Income tax is one of the highest in the world. It is paid at all three levels:
- the federal tax rate is 21%;
- state and local - the percentage depends on the specific US state, the economic situation in it and other factors.
- Sales tax.
This is an analogue of Russian VAT. The fee is not fixed and depends on:
- specific state;
- type of product;
- degree of distribution of the product;
- places of production of goods.
The rate varies from 2 to 15%. A number of states offer incentives for products produced on their territory. Thus, in a competitive environment, state authorities increase the attractiveness of a particular product.
- Excise taxes.
Excise taxes are imposed on tobacco, alcohol and some other types of products. Undoubtedly, tax rates in the United States are very high, and the three-tier tax system leads to the fact that an American citizen is forced to give at least a third of his income to the state. But in America there are various preferential programs that allow you to reduce the tax burden and reduce spending.
To successfully conduct business in America, you will definitely need professional help
E-COMMERCE BROKER specialists provide comprehensive assistance to businesses, which includes:
- company registration in the USA;
- obtaining various types of licenses;
- optimization of the tax burden;
- development of a financial strategy for business development;
- opening a merchant account in a bank;
- selection of qualified personnel;
- advisory support.
We can also carry out the process of registering your business remotely, so you don’t even have to leave your location to solve any problems.
