How bad is your tax rate where YOU live ??

Secret_Agent_007

Just got my last pay stub of the year. One more weeks' pay still to come but we're paid bi-weekly. So I'm looking at the income tax I paid and wondering what kind of percentage income tax is paid in other places around the globe.

What say you?

Vipecap

Personal Income tax is generally higher, sometimes a lot higher, in most other countries like European countries. I think only Switzerland has a lower income tax than we do of the of the larger economies.

Carl01

Just shy of 7% income,a 7% sales tax plus county and school district property taxes...all combined with federal easily half or more of gross pay.

scarletleavy

I pay close to 40%, but I'm not complaining.

+ 19% VAT

MarieAnneN

Reaalllly bad, I live in Québec!

45% of income directly on the pay.
14.75% taxes on goods and services after.
+ special taxes added to new cars and tires and all sort of ****.

Total of 60% of taxes here. Nice!

syiyi

10.25%

My1985Freckles

First off, I'm a tax accountant soooo without taxes I'd have to learn a new profession LOL

But I agree that when I look at what my gross pay is and then at my net pay... Well, I think those numbers should be a little closer in value. BUT, at least I have a job to pay taxes with. :-)

castadiva

20% basic-rate income tax, rising to 40% very fast, and 50% not much further along, 20% VAT (sales) tax, National Insurance contributions (mandatory), plus council tax (local). Similarly adds up to about 50% of income if you're paying basic rate income tax, and a lot more than that if you're at a higher level.

fbmandy55

25% of my check goes to the government. My poor dad has nearly 50% of his going.

It's sad when people are ok with the government taking THAT much of what they earn in their jobs.

MarieAnneN

25% of my check goes to the government. My poor dad has nearly 50% of his going.

It's sad when people are ok with the government taking THAT much of what they earn in their jobs.

The thing is, I don't mind to give that much if it comes back in services. We have free medical and school does not cost much here compared to the USA. BUT, it is for everybody so be prepared to wait or go to private and pay extra.

cruiseking

In the U.S. it is gratuated according to earnings; less deductions. Half of Americans pay zero percent income tax. Mind you they may not be wage earners; nevertheless half pay zero. I would say that most "average" households with incomes less than $100,000 in income, and some deductions (Children, charitable giving, interest on mortgage, etc.) probably pay an "effective" tax rate of around 15% give or take. With no deductions, (just the standard) probably less than 25%. This is on the Federal Level. Then some States have an income tax (3%-8% probably), then there are State sales tax in most States (3%-8% again), and I believe NYC has a City income tax. Then add property taxes, which vary widely, state to state, city to city. Then add Social Security tax. Man I gotta stop, this is depressing..............

scarletleavy

It's sad when people are ok with the government taking THAT much of what they earn in their jobs.

Yeah I totally disagree, but then again I don't live in America. I'm happy to pay my taxes even though they are high, in fact I'm actually considering moving to an even higher tax country in the next few years. I have a wonderful quality of life here and there's a price for it, a price I have no problem paying. I have great medical care, my community is safe and well-taken care of in terms of services, our roads and bridges are in good condition, I have access to an excellent public transport system, I could probably go on and on.

nurse_chris

LOL, i knew as soon as i saw this thread it was started by a fellow Canadian! Especially someone from the province of Ontario....
Our tax is ridiculous.

livinginwoods

Well, I don't know. Honestly. I started working for the Federal Govt. this year and they don't take out fed or state taxes so I am guessing I am paying in this year, which is fine. I also had unemployment for the first 6 months of the year so I am also going to pay on that. I am going to have to hire someone this year to do my taxes, I am not good with this stuff and my husband doesn't have time to do mine since his take forever because of his business.

dakitten2

Our state's local sales tax is 6 percent. (Kentucky)

Before I retired, approximately 55% was deducted from my gross amount including federal tax, state tax, social security and retirement benefits.

To be honest, I'm not sure of the percentage now that I'm retired. I only have to pay federal tax on retirement dollars above $41,100. I have to pay state tax on the full amount. Also car licensing every year includes city/county taxes.

Just know I'll be paying for the rest of my life. LOL

EmpressOfJudgment

I don't remember. But our sales tax, however, is the highest in the country at 9.75%. That doesn't include the outrageous extra liquor tax and amusement tax. Yes, we are taxed for having fun here in Chicago.

Yanicka1

LOL, i knew as soon as i saw this thread it was started by a fellow Canadian! Especially someone from the province of Ontario....
Our tax is ridiculous.

Ah , try Quebec!!!

cruiseking

After reading how high some taxes are; I just think it is morally wrong, on any level to have more than 50% of a person's income confiscated by any government. If people got their check with no deductions taken out, then had to go pay in cash at a tax office, I think things would be different. Imagine this: Here's your $1500 check, now go give $900 of it to that nice man over there. That my friends is a 60% tax rate. You just earned $1500, and you have $600 left. That just feels icky.

EmpressOfJudgment

It's sad when people are ok with the government taking THAT much of what they earn in their jobs.

Yeah I totally disagree, but then again I don't live in America. I'm happy to pay my taxes even though they are high, in fact I'm actually considering moving to an even higher tax country in the next few years. I have a wonderful quality of life here and there's a price for it, a price I have no problem paying. I have great medical care, my community is safe and well-taken care of in terms of services, our roads and bridges are in good condition, I have access to an excellent public transport system, I could probably go on and on.

This is why America is struggling right now. People look at it as the government taking from them, instead of looking at it is an investment into their quality of life. We are afraid of socialized anything. We don't want "lazy welfare people" to benefit from our hard work. The false belief that the American Dream of working hard and getting rich is still attainable prevents people from wanting to put a higher tax on the rich and force wealthy corporations sitting on huge profits to pay their share of taxes and better distribute the country's wealth. Instead, the middle class carries the tax burden and more and more people are falling into poverty.

ShaeDetermined

I may make some of u feel better...

My husband and I file jointly, and even with 5 dependents, between state, city (yes, good old New York City) and federal income tax.......our total taxes are 58%!!!

My1985Freckles

It's sad when people are ok with the government taking THAT much of what they earn in their jobs.

Yeah I totally disagree, but then again I don't live in America. I'm happy to pay my taxes even though they are high, in fact I'm actually considering moving to an even higher tax country in the next few years. I have a wonderful quality of life here and there's a price for it, a price I have no problem paying. I have great medical care, my community is safe and well-taken care of in terms of services, our roads and bridges are in good condition, I have access to an excellent public transport system, I could probably go on and on.

This is why America is struggling right now. People look at it as the government taking from them, instead of looking at it is an investment into their quality of life. We are afraid of socialized anything. We don't want "lazy welfare people" to benefit from our hard work. The false belief that the American Dream of working hard and getting rich is still attainable prevents people from wanting to put a higher tax on the rich and force wealthy corporations sitting on huge profits to pay their share of taxes and better distribute the country's wealth. Instead, the middle class carries the tax burden and more and more people are falling into poverty.

I think the problem falls in looking at it as "the country's wealth." It is NOT the country's wealth. It is the man who worked his butt off and saved so he could invests "wealth." The Rich man in the US pays his fair share of taxes. He already paid tax on the money that he has invested when he earned it from his job. He then pays a smaller percentage of tax on the interest/dividends/etc. that he earns from investing that money. The people in the country who pay no tax at all are not the super rich.

The easiest solution would be a flat tax. Everyone pays 15% of their income (income, not just wages) in taxes. No one has $0 in tax liability. That would be "fair."

Thomasm198

Income tax = 42%
PRSI (health care levy) = 13%
Pension = 13%
Income levy = 2%

VAT (sales tax) = 25%

Secret_Agent_007

We're taxed based on earnings as well. I personally paid 27% in income tax alone. Pretty sure the sales tax is 14% and we still have property tax, special tax for cars, tires, booze, you name it.

Don't even get me started on fuel expenses. Which do NOT subsidize some fantastic transit system, btw.

Elizabeth_C34

Husband and I pay about 35% in federal income tax plus 17% capitol gains tax on our investments. Our sales tax is 6%, but our property tax is about 2.4% of appraised value per year (equates to $5,500 in taxes on a $250,000 house). We live in Miami, Florida.

ShaeDetermined

We're taxed based on earnings as well. I personally paid 27% in income tax alone. Pretty sure the sales tax is 14% and we still have property tax, special tax for cars, tires, booze, you name it.

Don't even get me started on fuel expenses. Which do NOT subsidize some fantastic transit system, btw.

I merely included income tax.
Include property tax, sales tax, investments, etc and I think the Govt powers me money!

staceyb2003

In the U.S. it is gratuated according to earnings; less deductions. Half of Americans pay zero percent income tax. Mind you they may not be wage earners; nevertheless half pay zero. I would say that most "average" households with incomes less than $100,000 in income, and some deductions (Children, charitable giving, interest on mortgage, etc.) probably pay an "effective" tax rate of around 15% give or take. With no deductions, (just the standard) probably less than 25%. This is on the Federal Level. Then some States have an income tax (3%-8% probably), then there are State sales tax in most States (3%-8% again), and I believe NYC has a City income tax. Then add property taxes, which vary widely, state to state, city to city. Then add Social Security tax. Man I gotta stop, this is depressing..............

This

I do taxes, not only do some people not pay tax but they get more back then they paid in from their income.

cruiseking

The top 10% of wage earners pay over 70% of the tax burden. If you are in that 10%, I just wanted to say thank you! Honorable mention to us in the top 25% - We pay close to 90% of the freight. Yet the bottom 75% want more.......Sad state of affiars, and the band played on.....................When you have a government that robs Peter to pay Paul, they will always have Paul's co-operation.

fbmandy55

The top 10% of wage earners pay over 70% of the tax burden. If you are in that 10%, I just wanted to say thank you! Honorable mention to us in the top 25% - We pay close to 90% of the freight. Yet the bottom 75% want more.......Sad state of affiars, and the band played on.....................When you have a government that robs Peter to pay Paul, they will always have Paul's co-operation.

Exactly right. And the top 10% is probably the majority of employers too.

MrsM1ggins

According to a recent BBC article I pay approximately £7k - £10k more in tax each year than I receive back in services.

I dread to think how much I actually pay in tax each year when it's all added together. I'm not going to work it out because it'll just make me mad! :explode:

fbmandy55

This is why America is struggling right now. People look at it as the government taking from them, instead of looking at it is an investment into their quality of life. We are afraid of socialized anything. We don't want "lazy welfare people" to benefit from our hard work. The false belief that the American Dream of working hard and getting rich is still attainable prevents people from wanting to put a higher tax on the rich and force wealthy corporations sitting on huge profits to pay their share of taxes and better distribute the country's wealth. Instead, the middle class carries the tax burden and more and more people are falling into poverty.

How is this an investment for me? I get nothing back, I get hardly anything for a tax refund, I pay into a Ponzi scheme called Social security that will be bankrupt before I get my share.

The American dream is possible but people ARE lazy and people have become dependant on the government. There was a time when people HAD to work for a living, had to do what was necessary to provide for their family. ::Gasp:: Even work two jobs if needed! I'm a 24 year old single mom and I don't rely on anyone but myself to support my son. It makes me sick that I bust my rear and struggle just for the government to take from me and give to someone with else.

skittybang

In light of all this - keep an eye on expected holiday bonus' - some payroll companies are withholding income taxes as if you've received those wages all year rather than a one-time increase.

S/T rate here is 6.35% - just increased in July '11. I pay apprx 4.25% in state income taxes. I've chosen to withhold additional federal IT as a sort of "piggy bank" for my 2011 Tax Return. I was living in NJ last year where they have a slew of additional tax deductions that REALLY added up.