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Residents » Financial & Legal Affairs
Bank Accounts
There are approximately 7,540 banks in the US, with 75,000 branches throughout the world. The US banking system is regulated by the Federal Reserve System, which is the central bank. It... read more
Financial Planning
A primary concern for most citizens in the US is saving for retirement. As the life expectancy increases, people have to work more years in order to support themselves in the lifestyle to... read more
Taxation
According to the US Constitution, Congress has the power to ‘lay and collect taxes…to pay debts and provide for the common defence and general welfare of the United States.’ Therefore,... read more
Legal Issues
The law in the United States is based on the Common Law, which was borrowed from the English system. Even after gaining its independence during the Revolutionary War, the United States... read more
Crime
The attitude toward crime in the US is a matter of perspective. Some feel that the punishments for crimes are too severe, and others feel they are not severe enough. Views on certain... read more
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