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United States
The United States Economy, Geography, and Culture
The United States is an economic, technological, and military powerhouse bordering just two countries, Mexico and Canada. The US comprises of 50 states, with Washington, D.C. (District of Columbia) as its capital. The country has a wide variety of natural minerals, including the largest reserves of coal in the world. Its agricultural land amounts to almost 45 percent of total landmass and forests comprising 33 percent. Various natural disasters have been known to affect different areas of the country.
The United States has an estimated population of over 326 million people with a breakdown as follows: 72.4% white, 12.6% black, 4.8% Asian, and the rest classified as ‘other’ or various ethnic groups including native Americans. As of 2018, urban areas contained 82.3 percent of the country’s total population. The U.S. has a constitutional federal republic type of government. It has the largest economy in the world, with a GDP growth of 1.5 percent and a GDP per capita of $57,500 at the most recent tally.
| 2021 | |
| May 31 | Memorial Day |
| July 4 | Independence Day |
| July 5 | Independence Day observed |
| September 6 | Labor Day |
| October 11 | Columbus Day |
| November 11 | Veterans Day |
| November 25 | Thanksgiving Day |
| December 24 | Day off for Christmas Day |
| December 25 | Christmas Day |
| December 31 | Day off for New Year’s Day |
- LP (Limited partnership)
- LLP (Limited Liability Partnership)
- LLLP (Limited Liability Limited Partnership)
- LLC, LC, Ltd. Co., (Limited Liability Company)
- PLLC (Professional Limited Liability Company)
- Corp., (Corporation), Inc., (Incorporated)
- Professional corporation, (PC or P.C.)
- Corporate Tax: 21% + 0–12% (state/local)
- Income Tax (Lowest Marginal Rate): 10% (federal) +
0% (state) + 0%–3% (local) (federal standard deduction of 12.000 USD for most) - Income Tax (Highest Marginal Rate): 51.8% in San Francisco, California (37% federal tax + 13.3% state tax + 1.5% city tax)
- VAT/GST/Sales Tax: 11.725% (highest prevailing marginal state and local sales tax rate), 0% (lowest prevailing marginal rate)
- JPMorgan Chase
- Bank of America
- Citigroup
- Wells Fargo
- Goldman Sachs
- Morgan Stanley
- U.S. Bancorp
- Truist Financial
- The Bank of New York Mellon
- TD Bank, N.A.
- PNC Financial Services
- Capital One
- Charles Schwab Corporation
- State Street Corporation
- TIAA
- HSBC Bank USA
- BMO Harris Bank
- American Express
- Fifth Third Bank
- BNP Paribas / Bank of the West
- Ally Financial
- Barclays
- USAA
- Citizens Financial Group
- State Farm
- MUFG Union Bank
- UBS
- Northern Trust
- KeyCorp
- Santander Bank
- Ameriprise
- RBC Bank
- Regions Financial Corporation
- Credit Suisse
- M&T Bank
- Deutsche Bank
- Huntington Bancshares
- Discover Financial
- Synchrony Financial
- BBVA USA
- Comerica
- Silicon Valley Bank
- E-Trade
- People’s United Financial
- CIT Group
- New York Community Bank
- Popular, Inc.
- Mizuho Financial Group
- Synovus
- Raymond James Financial
- CIBC Bank USA
- TCF Financial
- First Horizon National Corporation
- BOK Financial Corporation
- East West Bank
- First Citizens BancShares
- John Deere Capital Corporation
- Valley National Bank
- Wintrust Financial
- Texas Capital Bank
- FNB Corporation
- Frost Bank
- Pinnacle Financial Partners
- Associated Banc-Corp
- BankUnited
- IberiaBank
- Hancock Whitney
- Prosperity Bancshares
- Webster Bank
- Sterling Bancorp
- Western Alliance Bank
- Umpqua Holdings Corporation
- Commerce Bancshares
- Flagstar Bank
- Investors Bank
- UMB Financial Corporation
- PacWest Bancorp
- Stifel
- Sumitomo Mitsui Financial Group
- MidFirst Bank
- Fulton Financial Corporation
- First National of Nebraska
- Macy’s
- Simmons Bank
- First Hawaiian Bank
- Old National Bank
- Arvest Bank
- United Bank (West Virginia)
- FirstBank Holding Co
- First Midwest Bank
- CenterState Bank
- Bank of Hawaii
- Cathay Bank
- Ameris Bancorp
- Atlantic Union Bank
- Washington Federal
- Cadence Bank
- Mechanics Bank
- South State Bank
- City National Bank of Florida
Aadmi can support you with your expansion to the United States. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
