How much tax would i pay if i owned a business in USA?

Question

Hi Guys
I was wondering how much tax i would have to pay if i owned a successful IT Business in the united states. Is it possible at all to own a business firm in the USA if you are a foraigner?

Answer 1

it depends on how big is the company and how much money you are making.

If you a legal resident you can be the owner.

Answer 2

It depends on the size of the company and the state your business is based in. If you do business in multiple states, you may pay different tax rates on income from each state. I'm afraid we can't be much more helpful without significantly more information.

Answer 3

The US has an income tax. Your income would be receipts less the expenses to earn those receipts. Since this would be earned income you would have to pay social security tax 15.3% gross (about 12% net) on the first $94,000 of income. then there is federal income tax which is taxed at a highest rate of 35% on taxable income above $329,000. Then there could be a state income tax ranging from none to maybe 12% of taxable income.
This is a simplified answer as there are legal ways to lower your taxable income.

Answer 4

The amount of tax depends on the size of the corporation. The bigger the company, the more tax. Certainly you can own a business firm.

Answer 5

considering the fact which you're a US resident, your international-extensive income is undertaking to US taxes. Canadian taxes are as much as Canada, yet you will receive a credit on your US tax return for any foreign places income taxes paid. report type 1116 to declare that credit.

Answer 6

It depends on how agressive your tax attorney is. Many companies, both large and small, pay very little in taxes buy using loopholes or by outright cheating.

Answer 7

if your from a different country like 3rd world country, nothing for 10 years..but an American? that's a different story..i'm not racist but its true