American Samoa Salary Paycheck Calculator

American Samoa Taxes: What You Need to Know 

Now that you’ve used our American Samoa Paycheck Calculator to estimate your take-home pay, let’s explore the unique landscape of this U.S. territory. 

Understanding these details will help you make sense of your calculated results and give you a clearer picture of your financial situation. 

American Samoa’s tax structure differs significantly from what you might be familiar with on the U.S. mainland. Here’s a quick comparison: 

American Samoa’s tax system is modeled after the U.S. Internal Revenue Code as of December 31, 2000, but with notable differences. Here’s what you need to know: 

Federal Tax and FICA: 

• Federal taxes may still apply to certain residents. 

• FICA taxes (Social Security and Medicare) are typically withheld from paychecks. 

Pre-Tax Deductions: 

• Medical insurance and 401(k) contributions can affect take-home pay. 

• Check with your employer for available options. 

American Samoa Specifics: 

• Tax Credits: Residents generally can’t claim U.S. credits like EIC on ACTC on federal returns. 

• Minimum Wage: Adopts the federal rate of $7.25 per hour. 

• Labour Protections: Lacks certain protections common in other U.S. jurisdictions. 

Are you aware? American Samoa has its own tax office to handle territory-specific credits and exemptions. For the most up-to-date information refer this. 

By combining the insights from our paycheck calculator with this additional information, you’ll be well-equipped to understand and plan your finances in American Samoa. Whether you’re a long-time resident or new to the territory, staying informed about these tax nuances is key to managing your earnings effectively. 

Median Household Income in American Samoa 

Building on American Samoa’s unique tax structure, let’s explore its economic landscape further. 

Here is a brief overview of the Median Household Income: 

While these figures may seem modest compared to some U.S. states, it’s essential to take into account American Samoa’s unique economic context. The territory’s GDP per capita is projected to grow steadily, reaching an estimated $5,772.24 by 2029 – a 19.27% increase from 2024. 

Here are some key economic insights: 

• Poverty Rate: A significant 54.6% of the population lives below the poverty line, with Native Hawaiians and Other Pacific Islanders experiencing a slightly higher rate of 56%. 

• Employment: Among those 16 and over in the civilian labor force, 86.8% are employed. However, there’s a gender disparity in unemployment rates (15% for women vs 11.7% for men) 

• Work Patterns: 82.7% of workers aged 16 and over work full-time, year-round. 

• Birthplace Demographics: Interestingly, 61.4% of workers were born outside American Samoa. 

• Social Support: The Nutrition Assistance Plan (NAP) provides benefits to 48.8% of households. 

Understanding these income trends and economic factors can help you contextualize your personal financial situation as calculated by our Paycheck Calculator. It also helps you understand broader trends and opportunities to avail yourself of all the opportunities of American Samoa’s unique economic landscape. 

American Samoa Tax Considerations 2024 

As the median household income is clear, let’s now delve deeper into American Samoa’s tax brackets for 2024. This information will help you understand your tax obligations. 

While individual income tax rates in American Samoa closely mirror the U.S. federal system, the territory has unique corporate tax rates that are worth noting: 

Additional tax considerations: 

• Companies with annual taxable income over $100,000 face an extra tax of 5% on the excess amount or $11,750, whichever is less. 

• An alternative minimum business tax of 1% of gross annual revenue may apply if it exceeds the regular corporate income tax. 

It’s important to note that these corporate rates can indirectly affect individual earners by influencing job markets and economic growth in the territory. 

For individual taxpayers: 

• American Samoa generally follows the U.S. Internal Revenue Code as it stood on December 31, 2000. 

• Tax is payable to the Government of American Samoa, not the U.S. federal government. 

• Foreign individual may be subjected to a 30% withholding tax on Amercian Samoa-sourced income.

Wrapping It Up 

In a nutshell, it’s crucial to remember that this Paycheck Calculator offers a solid starting point for understanding your take-home pay. The broader economic picture we’ve painted here helps your personal finances within American Samoa’s larger fiscal context.