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What's The Tax Code Like In Your Country?  
User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Posted (13 years 6 months 6 days 19 hours ago) and read 1935 times:

Out of curiosity, that kind of income taxes do you pay in your various countries? Here in the US I pay around 9% in fed. income tax, 6% Social Security, and 1% medicare tax.

34 replies: All unread, showing first 25:
 
User currently offlineN400QX From , joined Dec 1969, posts, RR:
Reply 1, posted (13 years 6 months 6 days 18 hours ago) and read 1909 times:

Its confiscatory here in the States.

Will explain later...


User currently offlineSccutler From United States of America, joined Jan 2000, 5615 posts, RR: 28
Reply 2, posted (13 years 6 months 6 days 17 hours ago) and read 1901 times:

You may think you pay 7.65% combined for SS and Medicare; actually, since your employer has to match it, you really pay 15.3%. That moolah's gotta come from somewhere!

And 400QX is right.



...three miles from BRONS, clear for the ILS one five approach...
User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Reply 3, posted (13 years 6 months 6 days 16 hours ago) and read 1894 times:

Don't need to argue the point on Income tax with me. I voted almost a straight libertarian ticket in the last election. And as far as my employer matching my SS and Med.Care tax, I'm aware, although it's irrelevent since I'm not on salary and I don't believe my employer would be paying me that extra money if they eliminated SS and Medicare taxes. I posted this because I wanted to compare our so called "progressive" tax code to other countries out of morbid curiosity. I can almost predict 100% they'll all be higher, but I wanted hard numbers. Anyhow, feel free N400QX to elaborate for any of the other readers of this post (as I've seen many of your previous posts and they are well thought out, concise, and well argued), but I've been a libertarian for a while now, and I'd be the first one in line to burn the 16th amendment.

User currently offlineJwenting From Netherlands, joined Apr 2001, 10213 posts, RR: 19
Reply 4, posted (13 years 6 months 6 days 14 hours ago) and read 1886 times:

Netherlands:
Income tax starts at around 35%, going up to about 55% as your income rises (used to be 70% until a few years ago).
Salestax 19% on most items.

Basic tax policy is to pluck the people until there is nothing left...



I wish I were flying
User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Reply 5, posted (13 years 6 months 6 days 13 hours ago) and read 1881 times:

Thanks for the info Jwenting.

User currently offlineJwenting From Netherlands, joined Apr 2001, 10213 posts, RR: 19
Reply 6, posted (13 years 6 months 6 days 8 hours ago) and read 1876 times:

no problem  Smile/happy/getting dizzy didn't include things like environmental taxes. Don't know the percentages on those, and what they are charged on.


I wish I were flying
User currently offlineCarioca Canuck From , joined Dec 1969, posts, RR:
Reply 7, posted (13 years 6 months 6 days 7 hours ago) and read 1877 times:

46% of my last cheque dissapeared into that great unnacountable void called the government treasury.

Isn't Canada great !!!!!

10 months to go..................


User currently offlineJetService From United States of America, joined Feb 2000, 4798 posts, RR: 11
Reply 8, posted (13 years 6 months 6 days 5 hours ago) and read 1870 times:

Indiana, USA

Federal Income Tax - 12%
Social Security Tax - 6%
Medicare Tax - 1.5%
Indiana State Income Tax - 3%
Allen County Income Tax - 1%
Total Tax - 23.5% of gross income

BTW, Indiana Sales Tax is 5%. Except groceries are not taxed. (Do all states do that?)

I may be moving into the 28% bracket this year. So I could be undertaxed. My tax refunds are typically around $2,000-3,000 a year, but I've always had a mortgage tax credit which gave me an automatic $1,000-1,500. I won't have that anymore since I purchased a new home. So I'm nervous about next April.  Smile/happy/getting dizzy



"Shaddap you!"
User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Reply 9, posted (13 years 6 months 5 days 20 hours ago) and read 1861 times:

JetService- Here in CA groceries are not taxed, but everything else is taxed. We have an 8% sales tax and a 34? cent gas tax, and all kinds of other nice little taxes the state of California likes to throw at we the consumers. Let's put it this way. I almost never get a bill (energy, phone, cable, etc...) that doesn't have a tax. Thanks for the info.
Carioca Canuck- thanks for participating in my little info exchange. I pity those that work half the year just to pay the government to flush it down the toilet. Me, I only work two months a year to pay the government to flush my money down the toilet.


User currently offlineAirsicknessbag From Germany, joined Aug 2000, 4723 posts, RR: 33
Reply 10, posted (13 years 6 months 5 days 9 hours ago) and read 1856 times:


Hehe, about 75% of the world´s legislation are German tax laws (no joke!) - I guess this gives you an idea about how complicated our life is in fiscal terms...

Daniel Smile


User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Reply 11, posted (13 years 6 months 5 days ago) and read 1848 times:

ASB- 75%. Huh. What kind of rates do you pay?

User currently offlineNoUFO From Germany, joined Apr 2001, 7966 posts, RR: 12
Reply 12, posted (13 years 6 months 4 days 22 hours ago) and read 1843 times:

Airsicknessbag:
Hehe, about 75% of the world´s legislation are German tax laws (no joke!)

Ah .. uh-oh ... I seriously doubt it.

NoUFO



I support the right to arm bears
User currently offlineAirsicknessbag From Germany, joined Aug 2000, 4723 posts, RR: 33
Reply 13, posted (13 years 6 months 1 day 6 hours ago) and read 1834 times:


Well, the rates are up to 53% - the problem is exceptions, exceptions and exceptions; and exceptions from exceptions from exceptions; and a load of complicated by-laws...

about those 75% - I didn´t find out about that number myself (but I didn´t make it up either) - I read in some article.


User currently offlineRyanb741 From United Kingdom, joined Mar 2002, 3221 posts, RR: 15
Reply 14, posted (13 years 6 months 1 day 6 hours ago) and read 1833 times:

Here in the UK, income tax is as follows:

The first £4000(ish) of your salary is untaxed
From £4000-£10,000 you pay 10%
From £10,000-£28,000(ish) you pay 22%
Thereafter it's 40%

Additionally, you have to pay National insurance at 8.33% after the first £3,400 or so.




I used to think the brain is the most fascinating part of my body. But, hey, who is telling me that?
User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Reply 15, posted (13 years 6 months 10 hours ago) and read 1824 times:

Interesting RyanB. Sounds like the US tax code, although your top rate starts at a slightly lower income category than here in the U.S. Thanks for the response.

ASB- 53%? I assume it's progressive, so is that the top income bracket, or the lowest?


User currently offlineAirsicknessbag From Germany, joined Aug 2000, 4723 posts, RR: 33
Reply 16, posted (13 years 6 months 6 hours ago) and read 1818 times:


Yes, it´s progressive, and 53% is the top income bracket. I have to admit, though, that I´m not that much of a tax law expert since I don´t pay taxes (except VAT Big grin).

Daniel Smile


User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Reply 17, posted (13 years 5 months 4 weeks 1 day 10 hours ago) and read 1813 times:

Not looking for expert ASB, simply people who have a number to share. Thanks for the info. Can anyone top 53% as a top rate????? C'mon, I know that ain't the highest.

User currently offlineEg777er From United Kingdom, joined Feb 2000, 1837 posts, RR: 14
Reply 18, posted (13 years 5 months 3 weeks 6 days 15 hours ago) and read 1805 times:

How does 0% grab you?

Ahh, the pleasures of living on an island in the Middle East.....


User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Reply 19, posted (13 years 5 months 3 weeks 6 days 10 hours ago) and read 1800 times:

Grabs me just fine. And what island might that be?

User currently offlineL-188 From United States of America, joined Jul 1999, 29836 posts, RR: 58
Reply 20, posted (13 years 5 months 3 weeks 6 days 10 hours ago) and read 1798 times:

0% that would be nice.....

But is it worth it if you can't get a decent margarita on that island?



OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Reply 21, posted (13 years 5 months 3 weeks 6 days 10 hours ago) and read 1796 times:

With no taxes I could afford to bring all the tequila, triple sec, and sweet and sour my stomach could handle.

User currently offlineEg777er From United Kingdom, joined Feb 2000, 1837 posts, RR: 14
Reply 22, posted (13 years 5 months 3 weeks 6 days 9 hours ago) and read 1794 times:

Well guys, let me enlighten you:

Island Name: Bahrain
Location: Off the East coast of Saudi Arabia
Status: Independent Sovereign State.

Alcohol: Freely available in hotels, restaurants, sports clubs, bars, nightclubs, private homes and available for anyone to purchase from retail outlets - i.e. the same as the rest of the world - you just don't get it in supermarkets!

Taxation: 0% income tax. 5% government levy on food in restaurants. BD 3 (US $9) every time you want to leave via the airport (how else?). Petrol at 40 cents/litre.

And a cracking airport as well - not as nice or big as Dubai, but you can get to London from here 3 times a day, non-stop. Amsterdam 1 x daily. Dubai millions of times.

Basically I live here for 5 months of the year - which isn't nearly enough!

Its 110 F at the moment though!


User currently offlineR.I.P TWA From , joined Dec 1969, posts, RR:
Reply 23, posted (13 years 5 months 3 weeks 6 days 9 hours ago) and read 1793 times:

I suppose that's the luxury of living in a country that supports itself with oil money. Why levy taxes when you have more money than you know what to do with? Sounds pretty nice. Maybe I'll get a chance to visit some day. Egypt's as far East as I've gotten so far. Thanks for the info eg777.

User currently offlineEg777er From United Kingdom, joined Feb 2000, 1837 posts, RR: 14
Reply 24, posted (13 years 5 months 3 weeks 6 days 9 hours ago) and read 1789 times:

Actually, Bahrain is the smallest of the Arab oil producers with only 400,000 barrels per day. Oil money certainly doesn't come into it.

On the contrary, they appreciate that taxes aren't the only way to get revenue. By having zero income taxes any company from any country can set up in Bahrain without a local partner, and this brings investment and jobs and consumer spending by rich first world nationals - far more than any taxes ever could.

Seeing as you're in LA, wait until Emirates start services LAX-Dubai in 2002 and get a Gulf Airpass and come up to Bahrain. I'm sure you'll be pleasantly surprised.

(PS - The Gulf isn't at all dangerous. Contrary to what the US State Department would have you believe - see my post on the 'Flag of USA' thread).


25 R.I.P TWA : No, I've never thought that countries like Bahrain, U.A.E., Saudi Arabia were really dangerous at all. In fact, you're safer there than you are here (
26 Eg777er : It will be non-stop with the A340-500. As for Kuwait, they do produce shitloads more oil than almost anyone else. Consequently they have little need f
27 R.I.P TWA : Haha. That'd be true. Those tough islamic laws gosh darn-it. A340-500? That may be worth taking just to see the plane. What's Qatar like out of curios
28 Ryanb741 : I have lived throughout the Middle East: United Arab Emirates - (Dubai, Abu-Dhabi, Sharjah) Bahrain - Manama Iran - Tehran, Isfahan Saudi Arabia - Riy
29 R.I.P TWA : In what year(s) did you live in Iran?
30 Ryanb741 : I lived in Iran for about 8 months in total - we left in (I think) 1978, when I was about 18 months old, so as you can imagine my memories of Iran are
31 R.I.P TWA : Ah, I was wondering if you lived in Iran AFTER the revolution. Don't want to sound paranoid but I can't imagine Tehran was the friendliest place to be
32 Ryanb741 : I've been to Iran after the revolution (about 4 years ago) and was struck with how friendly everybody was (provided you respected the local customs).
33 Juanchito : Here is a list of Taxes people pay in Guatemala In every products IVA (tax) 10% In hotels and airline ticketes Turism tax 10% pay Social Security 3.83
34 Eg777er : Yes, the Brit Club is still going strong. We stopped our membership about 5 years ago though as it started to get such a drag to have to trek into tow
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