taxation in usa and mexico

It is an example of the indirect tax PARTNERSHIP are no t taxed, but their partn ers are taxed on their sh ares of p artnership income.. TAXATION IN THE UNITED STATES OF AMERICAFEDERA

a ta x is

im pos

ed o n in com e by the Fed era l,

mo st s tate , an

d m any loc al g ove rnm ent s.

It is dete

rmin ed b

y ap plyin

g a tax rate ,

whic h m

ay in crea

se a s inc ome

incr ease

s to taxa

ble i ncom

es d efn ed

Ther e are

dire ct an

d ind irect

taxe s

Individ uals a

nd

corpor atons

pay

direct taxes

the ultmate economic burden of the tax (such as the consumer sale tax) It is an example of the indirect tax

PARTNERSHIP are no

t taxed,

but their partn

ers are taxed on

their sh ares of p

artnership income

Most bu sine

ss expen ses

are dedu ctble

inclu ding

home m

ortg age i nterest,

state

taxes, co

ntributo

ns to

charity, a

nd som

e other

item

s So

me dedu

cton

s are

subje

ct to lim

its.

Cap

ital g

ains are

fully taxa ble,

and

cap

ital l osse

s re

duce taxa ble

inco

me o

nly t o th

e ex

tent of gain s

Tax pay ers g ene rally m ust

self asse

ss in com

e ta

x by

flin

g ta

x re turn s

TAXATION IN THE UNITED STATES OF AMERICA

FEDERA

L TAX RA TES

STATE AN

D LOCAL TAX RAT ES

PAYROLL

TAXES

PROPER

TY TAXES

SALES TAXES

SOCIAL SECURITY

ESTATE A

ND GIFT TAX

MEDICARE PENALITIES

CREDIT TAXES

APPLIES SOME EXCEPTIONS AND

DEDUCTIONS

FILIN

G STATU S

IMPOSE

S TARIFF

S AND CUSTOM

S DUTIES

Alcohol a

nd Tobac co Tax a

n the

Unit

ed St ates a

re

admi nister

ed by

LICENCES AND OC

CUPATIO

NAL TAXES

INTERN

AL REV ENUE S ERVICE ( IRS) CUSTOM

S AND BORDER P

ROTECTION

TAXATION IN MEXICO

Fed era

l Ta xat ion

Em ploy

ee H ous ing Tax

Em ploy

ee H ous ing Tax .

NON PR OFIT ORGANIZA

TIONS

The Federal Income Tax Rules ("Ley Federal

del Impuesto Sobre la Renta")

NON R ESIDEN

CY OF MEXICO

NON R ESIDEN

CY OF MEXICO

LEGAL ENTITIES LIVIN

G IN MEXICO

LEGAL ENT

ITIES LIVING IN MEXICO

THERE IS

NOT A ST

ATE LAW THERE IS

NOT A ST

ATE LAW

EL

Retir em

ent S

avin

gs Tax.

Retir em

ent S

avin

gs Tax.

Soc ial S ecu rity T ax

Soc ial S ecu rity T

ax

The Fed eral Inco

me T

ax Id entif icati

on

Num ber

The Fed eral Inco

me T

ax Id entif icati

on

Num ber

roll T axes

Loca

l Pay

roll T axes

Vehic

les O

(ten encia ) Tax

(ten encia ) Tax.

REAL ESTA

TE

REAL ESTATE

Cu

sto m

s D

utie

s

Cu

sto m

s D

utie

s

HO

LDING

HO

LDING

TRA

NSFER

TRA

MEX

TAX TREATY U.S.A.- MEX

FREE ZONE MAQUILA AND PITEX