Sorry Don, but don’t let facts get in the way…
That seems to be a common complaint by the anti-tax folks, which never rung true, as whenever people hold up the “socialist” countries as something to emulate people say, yeah but look at the taxes they pay.
The US is the only nation in the world, ergo we have the highest taxes. Now go back to Canada and stop talking about Dear Leader.
Not arguing Trump is correct but the rebuttal of his statement seems to exclude state and local taxes.
Not arguing Trump is correct but the rebuttal of his statement seems to exclude state and local taxes.
I have no idea, but I would think other countries have regional and local taxes as well?
They do.
Not arguing Trump is correct but the rebuttal of his statement seems to exclude state and local taxes.
I have no idea, but I would think other countries have regional and local taxes as well?
Agreed but if you want to do an accurate rebuttal they should be included
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In the UK we pay income tax. National insurance contributions.
The only local tax i pay is on my home which was set in 1992 or the like
In france i pay tax habitation, tax fonciere and income tax
As a family of 2 adults and 2 children my income tax starts at 37k euro.
In UK and france as far as i can tell beyond housing no local taxes
Pretty sure our only local taxes are the property taxes. Although we pay annual taxes on our vehicles at the town office. Not sure if the town or state gets them.
Good point. Vehicle tax in uk is annual and national. In france i believe its the same. I jave paid it but do not know where it goes
Pretty sure our only local taxes are the property taxes. Although we pay annual taxes on our vehicles at the town office. Not sure if the town or state gets them.
There are 13 taxing authorities locally I can think of just off the top of my head
I just looked at my “tax filing checklist” that I use to keep track of due dates for the various forms we have to file as small business owners. I tallied up 19 different taxes or forms that total 67 filings a year since some of those 19 are monthly, some are quarterly, and some are annual. We’re in two states; 6 of the 19 are federal and the other 13 are between the 2 states.
My wife deals with the airbnb’ing of our old house and that’s another couple of forms-personal property tax annually to the county and sales/use tax monthly to the county. Fun times.
Looks like this study includes all taxes
https://www.chicagofed.org/publications/chicago-fed-letter/2017/382#ftn7
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TV license?
Poll tax?
I may be dating myself a bit…
Tv good point
So uk
I rent house out. No longer have business; council (replaced poll) and tv on house
Income tax on rental. Out of which comes PAYE etc but we have a tax treaty and split income so we effectively pay 0 in UK and will pay 0 up to 37k euros in france excluding vehicle, habitation (which macrons said he will abolish) and fonciere
I still pay sales but my understanding is that some people like cash for whatever reason
All of which raises the more interesting philosophical question about getting out of bed in the morning and why if you pay tax on euro 37001 at 40%…
Don’t you have Value Added Tax (VAT) or has that been eliminated?
Sales…uk and france with its equivalent
Many items exempt…
Total aside mortgage interest on rental properties is no longer deductible against income…thats a fucker
And GST is pretty high, isn’t it? It’s been a bit since I’ve ordered something from the U.K., but I think my cart is usually reduced ~20% when I select shipment to the U.S. and GST is removed from the total. It’s a boon for us ordering certain bike components in the States – lower prices on many in the U.K. due to the grey market, quite often free shipping, U.S. customs ignores duties until you spend something like $800 per shipment, shipped and in hand nearly as quick as from U.S. retailers, and the removal of GST makes it even less costly. When I ordered cassettes, a derailleur, and bar tape from the U.K. last year, I think I paid the equivalent of what just the derailleur and bar tape would have cost from a U.S. retailer.
Sales…uk and france with its equivalent
Many items exempt…
Total aside mortgage interest on rental properties is no longer deductible against income…thats a fucker
Yup, VAT (Value Added Tax, which I always thought was a crap name as it’s not adding value, just cost…) is charged at 20% on all sales in the UK except for excluded items which are things like food and kids clothing.
Always found it slightly weird that UK cycling websites work out so cheap to the US, when everything else seems cheaper over there. E.g. on brand name electronics, dollar value is pretty much the same as pound value (i.e. an iPad that costs £400 over here costs $400 over there).
It’s that way with electronics in Australia compared to here. Any time one of our Aussie relatives comes to visit or we go there, they order electronics to have sent to us. Tablets, electric shavers, cameras when people carried those instead of using their phone, anything portable, really. Come to think of it, I ordered some SRAM shifters from an Aussie company and those were 2/3 the price as in the States, even after shipping. I can’t figure out how either, especially considering that SRAM headquarters is, quite literally, a 3.5 hour drive from my house; granted, their production is in Taiwan, but it still has to be shipped from there to here and to Aus or the UK. I know it’s really pissed off U.S. cycling retailers, but Etap remains pricey no matter where it’s at, so there’s that exception (and there’s still that cash in my pocket, I suppose).
Yup, VAT (Value Added Tax, which I always thought was a crap name as it’s not adding value, just cost…) is charged at 20% on all sales in the UK except for excluded items which are things like food and kids clothing.
Always found it slightly weird that UK cycling websites work out so cheap to the US, when everything else seems cheaper over there. E.g. on brand name electronics, dollar value is pretty much the same as pound value (i.e. an iPad that costs £400 over here costs $400 over there).