Where your tax quids goes
Where your tax quids goes
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and weren't so lazy.”
Re: Where your tax quids goes
income ***** £23,000 ******* £30,000 ******* £45,000 ******* £60,000
USD ******** $36,800 ******* $48,000 ******* $72,000 ******* $96,000
Tax ******** £4,542 ******* £6,781 ******* £11,937 ******* £18,236
USD ******* $7,267 ******* $10,850 ******* $19,099 ******* $29,178
% ******** 19.75% ******* 22.60% ******* 26.53% ******* 30.39%
Is this just income tax? The VAT is in addition?
yrs,
rubato
-
MajGenl.Meade
- Posts: 21516
- Joined: Sun Apr 25, 2010 8:51 am
- Location: Groot Brakrivier
- Contact:
Re: Where your tax quids goes
Yes, that should be so. VAT is paid as part of the "purchase price" of (most) goods and services. In the same way, U.S. income tax stats (Federal, State and local, if any) do not include sales tax, if any.
For Christianity, by identifying truth with faith, must teach-and, properly understood, does teach-that any interference with the truth is immoral. A Christian with faith has nothing to fear from the facts
Re: Where your tax quids goes
It is pretty amazing to see what you get for your tax money there--health insurance, a great safety net, retirement pensions, and education through the university level for many. And the tax rates are much lower than in the US, when you realize at the federal level we have to add another 15% for social security, not to mention various state and local income taxes. Sure the VAT is pretty high, but so are our state sales and property taxes. As much as many of the Western European countries are called high taxation countries in the US, we usually pay a lot more in the way of taxes for a lot less in the way of personal benefits. It depends what your priorities are.