Yes and no. For instance Quantum Funds or similar offshore funds have no US citizens as limited partners. There are three entities involved in the fund: limited partners (non US citizens), general partners who can be US citizens, and a management company. Quantum Fund pays a management fee of about 1.5% of assets usually paid quarterly to the management company and a carried interest the general partner. The carried interest is generally 20% of profits. The management company pays employees and other costs of running the fund. George Soros would be paid a salary from the management company and would pay taxes on that salary. The recipients of the carried interest even as US citizens would pay no taxes until they repatriate the money back to the US. That amount of money is quite substantial. The profits have been in billions. Say $10 billion so the carried interest would have been about $2 billion. Those funds are generally reinvested back into the fund so they compound at the rate of profitability of the fund and the general partner's interest in these limited partner interests pay no taxes on that compounding even though they are US citizens. So the bulk of George Soros's assets have never been taxed. The law allowing this was changed in the early 80's but all such funds such as the Quantum Funds in existence at the time were grandfathered with the old law. Now let's look at what taxes Soros might pay. Assume he makes $1 million in salary from the management and repatriates $1 million from the offshore profits in the Quantum Funds. He will now pay taxes on $2 million theoretically. If he contributes $1 million to one of his non profit left wing organizations he will get a $1 million charity donation and then only pay taxes on $1 million disregarding other deductions. Thus net net the money he theoretically donates to left wing causes have never paid a penny in US taxes. The examples used in this explanation are an example and not the real numbers as they are not known publicly. The way it works is accurate.
In the United States, States have taxes on a number of items. Below is a list of taxes that States have created. Not all States have all the taxes listed: * personal income; * sales taxes; * corporate taxes; * gasoline taxes; and * property taxes.
economic hardship in the united states
((apex)) Economic hardship in the United States or The budget deficit
No
What is the power to create and collect taxes in the U.S
Duties.
Yes
You need to explain where in the United States and what is being bought. In the United States, sales tax is different in each state. In addition to state taxes, there can be county and municipal taxes on top of it. There are often differences in taxes between food and non-food.
Yes, they pay income taxes, as does every other wage earner in the United States.
In the United States, it is at lest $7.25 an hour minus taxes.
From the Constitution of the United States as Amended. Take a read.
custom duty :)