What taxes do American permanent residents have to pay?

Tax is the money people pay to the federal government, state government or local government, which is mainly used to pay for various services provided by the government for people's lives. American permanent residents need to pay many taxes, such as personal income tax, business tax and property tax. Let's take a look at it with the overseas immigration network.

Personal income tax:

Generally speaking, personal income tax is paid to the federal government, most state governments and some local governments. Taxable income is the money you get from wages, self-employed, tips and real estate sales. Most people's personal income tax is deducted directly from their wages. The amount of personal income tax you need to pay depends on how much money you earn. For low-income people, the personal income tax rate is low. Anyone who lives in the United States, meets certain requirements and has a job income needs to fill out a tax return and pay all the taxes that should be paid.

The Internal Revenue Service (IRS) is a federal agency that collects personal income tax. Taxpayers fill in the form 1040, individual income tax return in the United States and the IRS every year. Your tax return tells the government about your income and the tax deducted from your income. If you pay too much tax, you will get a refund. If you don't pay enough taxes, then you will have to pay all the taxes.

Social security tax and medical insurance tax:

These federal taxes are deducted directly from your salary. Social security tax provides some benefits for some retirees and their families, some disabled workers and their families, and some families of deceased workers. Medical insurance tax is a medical service provided to most people over 65. In most cases, you must work for more than 10 years (or 40 quarters) to get social security insurance and medical insurance benefits. If you work less than 10 years, you can get disability insurance, or your family can enjoy survivors' and orphans' pensions according to your income level.

Business tax:

Business tax is state tax and local tax. These taxes are added to the cost of buying certain goods. Business tax is based on the cost of goods. The tax department collects business tax to pay for various services of state and local governments, such as roads, police and fire departments.

Property tax:

Property tax is a state tax or local tax levied on your house and/or land. In most cases, property taxes are used to fund local public schools and other services.

How the American government serves the people;

Taxes are used to support various services provided by the federal government to Americans, including:

● Ensure national security;

Treating and preventing diseases through research;

● Educate children and adults;

Construction and maintenance of roads and railways;

● Providing medical services for low-income people and the elderly; and

● Providing emergency help to people in natural disasters; Such as hurricanes, floods and earthquakes.