sammyh

iTrader: (1)

Just interested to find out all the taxes we pay (including the stealth ones) I think it could make interesting reading.

SWRTWannabe

Income tax
National Insurance
Council tax
Tax on any insurance we have
VAT on everything we buy
Road tax
Petrol tax
Stamp duty
Tax on interest earned from savings
Tax on profits made from shares
Tax on inheritances
Tax on capital gains

jasey

Speeding Taxes

image doctor

Gaming tax

TelBoy

You either mean speeding taxis or speeding fines, surely..??

ozzy

sorry, that was said already.

[Edited by ozzy - 1/31/2003 3:52:23 PM]

steve McCulloch

Import Duty on the car I got from Japan!

I estimate I fork out about 60-65% of my income in the vaious taxes

This is something I got sent a while back by my American colleagues:

Paycheck Guide:
>
> The following guide has been prepared to help our employees better understand their paychecks.

> Example: Gross pay $1,222.02

Income tax 244.40
> Outcome tax 45.21
> State tax 11.61
> Interstate tax 61.10
> County tax 6.11
> City tax 12.22
> Rural tax 4.44
> Back tax 1.11
> Front tax 1.16
> Side tax 1.61
> Up tax 2.22
> Tic-tacs 1.98
> Thumbtacks 3.93
> Carpet tacks . 98
> Stadium tax . 69
> Flat tax 8.32
> Surtax 3.46
> Corporate tax 2.60
> Parking fee 5.00
> FICA 81.88
> TGIF fund 9.95
> Life insurance 5.85
> Health insurance 16.23
> Dental insurance 4.50
> Mental insurance 4.33
> Reassurance . 11
> Disability 2.50
> Ability . 25
> Liability 3.41
> Unreliability 10.99
> Coffee 6.85
> Coffee cups 66.51
> Floor rental 6.85
> Chair rental .32
> Desk rental 4.32
> Union dues 5.85
> Union don'ts 3.77
> Cash advance .69
> Cash retreats 121.35
> Overtime 1.26
> Undertime 54.83
> Eastern time 9.00
> Central time 8.00
> Mountain time 7.00
> Pacific time 6.00
> Oxygen 10.02
> Water 16.54
> Heat 51.42
> Cool air 26.83
> Hot air 20.00
> Miscellaneous 113.29
> Various 8.01
>
> Net Pay $ 0.12
>

Jerome

ROTFLMAO @ Steve

Luke

!!!!

sammyh

iTrader: (1)

Lol @ Steve - I'm sure there is more

paulr

A lot less than the Swedes,....thats for sure.

alcazar

iTrader: (2)

A HUGE tax on fuel, alcohol:, and tobacco.
Alcazar

Chrisgr31

Eventually virtually every penny you get arrives in the governments pocket as tax! You pay directly VAT, Income Tax, Capital Gains Tax, Inheritance tax (or rather your executors do!), duty on tobacco, petrol, fuel, road tools, stamp duy etc.

However every product you buy includes an amount to pay the wages of the person that made and processed it, and guess what they also pay all those taxes etc!

Chris

mook

*lol* Amusing!

Anyone read Bill Bryson's 'Notes From a Big Country', I think that's what it's called - he has a chapter devoted to filling out your IRS return, very funny.

True enough though, at the end of the day pretty much all of the £ you earn will end up in the governments hands. Thinking about it, given that that it a fantastically huge amount of what we earn as a country, how come our infrastructure is so ****e - we should have top notch roads, railways, health, schools, decent paid firemen and so forth. Bloody wasters *tut*

fast bloke

90% of a given portion of money will end up back in goverment coffers every 3 times it changes hands. This is the main reason that Gordon Brown is 'borrowing' 20 billion. He pumps that into the economy. Everyone who gets share gives back on average around 30% as income tax and and NI. They then have some money to produce goods. They sell them so someone else who arrives in a car for which they have paid road tax, fuel tax insurance tax etc. The person who recieves the money will be paid and pay 30%. The company will pay VAT, corp tax, car tax for company cars insurance tax etc. They will spend some more on wages, paying employers contributions. At this point the money hasn't travelled very far and well over 70% will have been paid in taxes. Mr Brown's coffers start filling up, but the key point is that something has now been produced and consumed, which are the keystones of a growth for economy....... Neat trick or what?