Taxes
Nearly all working U.S. citizens are required to file their own income tax returns with the Internal Revenue Service (IRS) each year. Everyone in the U.S. has a Social Security card, which helps record wages and income for taxes, sometimes it’s worth checking with a tax advisor https://js-steuerberatung.at/en/.
The main types of taxes are FICA and income tax.
FICA includes the Social Security tax and the Medicare tax on the health insurance program for the elderly and disabled. The Social Security tax is 6.2% and is only paid on up to $132,900 in annual income; Medicare is 1.45% and is charged on all annual income.
As for income tax, the tax rate rises with income and ranges from 10 to 37%. The federal income tax system in the states is progressive. The amount of tax differs depending on whether you are single, married, or head of household.
This table shows the federal income tax rate for unmarried Americans. It reflects the rates for tax year 2018, which means taxes paid at the beginning of 2019.
Example: the maximum tax rate for an applicant with $50,000 in income would be 22%. However, the taxpayer will not pay this rate on the entire $50,000. The rate on the first 9,525 USD of income would be 10%, then 12% on the next 29,175 USD, and then 22% on the last 11,300 USD falling into the third tax bracket.
Savings, Deposits, Investments
Investments in the U.S. are made by 56% of citizens. The main instruments are: stocks, investment funds, bank deposits, and real estate.
“My husband and I once invested in real estate. During the boom we made good money on it, selling what we had and making good profits, but we lost everything in the crisis. Now I invest with the help of STASH INVEST and Fidelity Investments”.
Medicine
There are both public and private medical clinics in the United States. The public clinic will ask you about your income level when you fill out the form. If your income is less than $1,000 per month, each visit to the doctor will cost $35, to be paid immediately at the time of the visit. Tests can be paid in installments.
At a private clinic, the standard cost of a doctor’s visit in the absence of health insurance is $150. Things are more complicated with dentistry: it is much more expensive in the U.S. than in Russia. It costs $200 to $500 to $500 to $500 to $1,000 to fix a tooth and $500 to $1,000 to put a crown on.
If there is an urgent need, a U.S. citizen, even if he or she does not have insurance, has the right to use medical care. In this case, payment can be made in installments.
Most Americans do purchase health insurance. Its price ranges from $250 to $800 per month, depending on your age and health status and what medical services it covers. Most health insurance does not include dental services.
