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#41 |
Senior Member
Join Date: May 2002
Location: Wellington, New Zealand
Posts: 712
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25% for me, although it works out like this:
0-38000 pa: 19.8% 38000-60000 pa: 33% (earnings above 38000 only) 60000 pa: 39% (earnings above 60000 only) We also have a 12.5% sales tax on all goods and services, heavy taxes on fuel, alcohol, cigarettes etc. On the other hand, we have free (supposedly!) education until university, 80%-ish subsidised university, free hospital care for accident and non-elective surgery etc, nationwide accident coverage etc. On the whole, it's not too bad. We also don't have to file a tax return if we don't want to, barring things like student loans etc. HR |
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#42 | |
Veteran Member
Join Date: Mar 2002
Location: South Dakota
Posts: 2,214
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#43 | |
Contributor
Join Date: Apr 2001
Location: Down South
Posts: 12,879
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Dual Income No Kids=pay through the nose |
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#44 |
Veteran Member
Join Date: Jul 2002
Location: Edinburgh. Scotland
Posts: 2,532
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I'm paying about 26% payroll tax, around 20% income tax and the rest National Insurance. That's on a wage just over 1.5x the national average. I can't remember what my local council tax is. And I contribute quite a lot to the exchequer through the purchase of alcohol.
I think I should be paying more tax. |
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#45 | |
Banned
Join Date: Apr 2003
Location: Canada
Posts: 1,311
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#46 |
Veteran Member
Join Date: Sep 2001
Location: .
Posts: 1,281
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You use to only pay once a year in a lump sum. I explained the US tax history in this thread here.
The pupose of taking estimated taxes out of your paycheck was to extract more money from the tax payers with less complaints. It seems to have worked. |
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#47 |
Junior Member
Join Date: Apr 2003
Location: USA
Posts: 67
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#48 | |
Regular Member
Join Date: Dec 2002
Location: The Void
Posts: 396
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#49 | |
Regular Member
Join Date: Dec 2002
Location: The Void
Posts: 396
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