R.I.P TWA From , joined Dec 1969, posts, RR: Posted (11 years 11 months 1 week 3 hours ago) and read 1336 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.
Sccutler From United States of America, joined Jan 2000, 5091 posts, RR: 28 Reply 2, posted (11 years 11 months 1 week 1 hour ago) and read 1302 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...
R.I.P TWA From , joined Dec 1969, posts, RR: Reply 3, posted (11 years 11 months 1 week ago) and read 1295 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.
Jwenting From Netherlands, joined Apr 2001, 10213 posts, RR: 21 Reply 4, posted (11 years 11 months 6 days 23 hours ago) and read 1287 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...
JetService From United States of America, joined Feb 2000, 4798 posts, RR: 13 Reply 8, posted (11 years 11 months 6 days 13 hours ago) and read 1271 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.
R.I.P TWA From , joined Dec 1969, posts, RR: Reply 9, posted (11 years 11 months 6 days 4 hours ago) and read 1262 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.
Airsicknessbag From Germany, joined Aug 2000, 4723 posts, RR: 38 Reply 10, posted (11 years 11 months 5 days 17 hours ago) and read 1257 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...
Airsicknessbag From Germany, joined Aug 2000, 4723 posts, RR: 38 Reply 13, posted (11 years 11 months 1 day 15 hours ago) and read 1235 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.
R.I.P TWA From , joined Dec 1969, posts, RR: Reply 15, posted (11 years 11 months 18 hours ago) and read 1225 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?
Airsicknessbag From Germany, joined Aug 2000, 4723 posts, RR: 38 Reply 16, posted (11 years 11 months 14 hours ago) and read 1219 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 ).
R.I.P TWA From , joined Dec 1969, posts, RR: Reply 17, posted (11 years 10 months 4 weeks 1 day 18 hours ago) and read 1214 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.
Eg777er From United Kingdom, joined Feb 2000, 1829 posts, RR: 13 Reply 18, posted (11 years 10 months 3 weeks 6 days 23 hours ago) and read 1206 times:
How does 0% grab you?
Ahh, the pleasures of living on an island in the Middle East.....
L-188 From United States of America, joined Jul 1999, 29350 posts, RR: 62 Reply 20, posted (11 years 10 months 3 weeks 6 days 18 hours ago) and read 1199 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.
Eg777er From United Kingdom, joined Feb 2000, 1829 posts, RR: 13 Reply 22, posted (11 years 10 months 3 weeks 6 days 17 hours ago) and read 1195 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!
R.I.P TWA From , joined Dec 1969, posts, RR: Reply 23, posted (11 years 10 months 3 weeks 6 days 17 hours ago) and read 1194 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.
Eg777er From United Kingdom, joined Feb 2000, 1829 posts, RR: 13 Reply 24, posted (11 years 10 months 3 weeks 6 days 17 hours ago) and read 1190 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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From , joined Dec 1969, posts, 
From , joined Dec 1969, posts, 
From Netherlands, joined Apr 2001, 10213 posts, 
didn't include things like environmental taxes. Don't know the percentages on those, and what they are charged on.
From , joined Dec 1969, posts, 
From Germany, joined Aug 2000, 4723 posts, 
From United Kingdom, joined Mar 2002, 3219 posts, 
).
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