Introduction to the common sense of tax immigration to the United States

When it comes to the United States, perhaps many applicants will think of the words "global taxation, robbing the rich to help the poor". Here is a brief introduction to the tax knowledge of immigration to the United States. Welcome to read!

Tax common sense of immigrating to the United States

1, investment 1 ten thousand dollars or 500 thousand dollars;

2. Directly or indirectly create 10 jobs;

3, adult, no criminal record;

4. The applicant does not need education, language, business or work experience;

5. The applicant must have assets of 500,000 US dollars (the source of funds is legal, and gifts are allowed).

According to the Detailed Rules for the Implementation of the Overseas Account Tax Law issued by the IRS, American citizens and green card holders must truthfully declare their overseas assets exceeding $50,000 to the IRS. Otherwise, you may face a fine as high as $654.38+$00,000. If it is not paid after being notified by the IRS, the fine will rise to $50 thousand. According to the detailed rules, "all US tax residents and foreign financial institutions must report the account information of their US customers to the IRS. If uncooperative financial institutions have any income from the United States, including investment disposal income and interest and dividend income from American assets, they will be subject to punitive withholding of 30% withholding income tax. "

In fact, American investment immigrants don't have to blindly listen to rumors, and American taxes are not terrible. Because the overseas assets that the United States requires to declare are not total assets, but specific financial assets. For example, direct investment income, indirect investment income, business income and property capital income. Real estate is not declared, and China green card holders do not have to worry about the problem that domestic real estate needs to pay taxes to the United States.

When declaring overseas assets, "global income needs to be declared" does not mean "global income needs to be taxed". Overseas assets before immigrating to the United States must be declared, but there is no need to pay taxes. If this part of the assets is later realized by appreciation, it is possible to pay taxes. Therefore, investors are advised to make a series of tax planning before emigration.

In order to regulate the implementation of the Detailed Rules and the taxation of immigrants from China to the United States, the United States and China signed the Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion on Income. According to the agreement, China citizens who hold green cards have paid taxes in China at the China tax rate, and they can be exempted from the corresponding tax obligation by providing relevant tax payment certificates to the United States. However, due to the different tax systems in the United States and China, green card holders may face the situation that both the United States and China need to file tax returns or even pay income tax at the same time.

Further reading: Which state is better for American immigrants?

Massachusetts

Massachusetts is one of the earliest 13 states established when the United States became independent, belonging to New England in the northeast of the United States. Quanzhou has a mild climate. Four distinct seasons, short summer and long winter.

Comprehensive score: b

Per capita expenditure of students: $65,438 +0408 1 (American ranking 1 1).

Graduation rate of senior high school students: 87.3% (national ranking 13)

American universities located in this state are:

Harvard University, Massachusetts Institute of Technology, Tufts University, Boston College, Brandeis University, Boston University, Northeastern University, Clark University, University of Massachusetts at amherst, etc.

New Jersey

New Jersey is the fourth smallest and most densely populated state in the United States. Its state is nicknamed "Garden State". East Americans also call it New South Wales. New Jersey is usually divided into the mid-Atlantic region of the United States, which is also a state in the east, and can also be divided into the northeast region.

Comprehensive score: b

Per capita expenditure of students: $65,438+05,946 (ranked 6th in the United States).

Graduation rate of high school students: 89.7% (ranked second in the United States)

American universities located in this state are:

Princeton University, New Jersey Institute of Technology-Newark Campus, Stevens Institute of Technology, Rutgers University New Brunswick RUNB, New Jersey Institute of Technology NJIT, New Jersey State University, etc.

Vermont

Vermont is a state in New England in the northeastern United States. Massachusetts in the south, new york in the west, Quebec in the north and Connecticut River in New Hampshire in the east.

Comprehensive score: b

Per capita expenditure of students: $65,438+09,654 (national ranking 1).

High school graduation rate: 87.7% (national ranking 1 1)

American universities located in this state are:

Bellington College, Burlington University, castleton State College, Chaplin College, San Jose College, Vermont Community College, Goddard College, Green Mountain College, Johnson State College, Lamback College, State Linden College, etc.

New Hampshire (NH)

New Hampshire is one of the industrialized states in the United States. It starts from Manchester in the north, reaches Nashua in the south and reaches Portsmouth in the east. New Hampshire belongs to New England, USA, and is also called "Granite State" because it is rich in granite.

Comprehensive score: b

Per capita expenditure of students: $65,438+05,386 (ranked 7th in the United States).

Graduation rate of senior high school students: 88. 1% (ranked 7th in the United States).

American universities in this state:

University of New Hampshire; University of New Hampshire at Durham; Plymouth University of New Hampshire; University of New Hampshire at Keane; University of New Hampshire; Manchester campus; University of Southern New Hampshire; Keane State College, etc.

Maryland

Half of Maryland's land area belongs to the Atlantic coastal plain, with sandy land in the south and fertile land in the north. The state is an important wine producing area in the United States.

Comprehensive score: b

Per capita expenditure of students: $65,438 +02922 (national ranking 18).

The graduation rate of senior high school students: 8 in 7.0% (national ranking 16).

American universities in this state:

University of Maryland system; University of Maryland Baltimore; University of Maryland, Catonsville; University of Maryland, University Town, University of Maryland, Angongzhu Town, etc.