Income tax in the United States income taxes. This foreign tax credit is limited to that part of current year tax caused by foreign source income. Determining such part involves determining the source of income and allocating and apportioning deductions to that income. States tax resident individuals and corporations on their worldwide income, but few allow a credit for foreign taxes. In addition, Federal income tax may be imposed on non-resident non-citizens, including corporations, on U.S. source income. Federal tax applies to interest, dividends, royalties, and certain other income of nonresident aliens and foreign corporations at a flat rate of 30%. This rate is often reduced
The Cold War and the Income Tax it his business to study the state in theory and in practice. The person who is in the weakest position to attack the state is he who has largely ignored its potential for evil while strongly backing its expansion on humanitarian grounds and is only stirred to protest when he falls foul of it through his own negligence. That exactly describes Wilson's position. In his book he tried to evade his own inconsistencies by arguing that most of his income tax went on defence spending induced by Cold War paranoia. But then he had not paid his state income taxes