LTRsubNW
Posts: 1604
Joined: 5/6/2006 Status: offline
|
quote:
ORIGINAL: LadyEllen quote:
ORIGINAL: Wulfchyld Out of curiosity what is the tax rate in the UK? Income tax? sales tax? etc... Oh! Look, you guys think you have it bad over there right? I really dont want to disabuse you of your notions! Oh well, alright then! Income tax low incomes 10% (applicable to minimum wage) most incomes 20% higher incomes up to 40% But there's another 9% national insurance, so really add that to the above. Sales tax (Value Added Tax or VAT) - 17-5% Cigarettes; not sure, but its about five pounds for a pack of 20, of which around £3-50 is tax. Booze of all varieties - similarly heavily taxed (over 50%) Fuel for your car; criminal. Around £4-00 a gallon at the moment, of which around £3-00 is tax/duty or whatever they want to call it. Then there's tax to the local council of about £100-00 a month. Theres 5% tax on gas and electricity. 1.5% tax on insurance premia. No escape if you die either; death duties, inheritance tax etc now affects many more than the wealthy, due to the rise in house values (around x4 over the last ten years). And for me, running my company I get to pay 45% of the company profit in tax. So if I make 100k this year, and draw what I can, it'll be only 1/3 of the 100k because I'll be paying company tax and then personal tax on top! E Pfffffffffffffft..... Hookers are at least another 30%. (That's easily 107%).
_____________________________
Small deeds will always mean more than large intentions.
|