How bad is your tax rate where YOU live ??

janna674

I live in New York State...I believe we are one of the highest taxed states....

We pay 25% Federal filing jointly marrried making over 85000

We pay 6.85 % to NY Income tax

We pay 8% sales tax

We own a modest house 1800 sq ft....pay about $3800 in Taxes on that a year ...house worth $150000

directorj

I'm in California and we have one of the highest tax rates, but it's funny our state is still broke

skylark94

Florida has no state income tax. We pay a 6% sales tax on most things (except the groceries that aren't deemed "junk food"). We get a once a year sale tax holiday on clothing and school supplies for a few days in August.

My family usually ends up paying very little in Federal taxes after all of the available credits and deductions. I think after refunds last year we had paid in less than $100. Our tax system is totally messed up.

KaleidoscopeEyes1056

it's not bad because it goes to things that we need/will need in the future. You have to pay taxes, quit whining about it already.

AwesomelyAmber

it's not bad because it goes to things that we need/will need in the future. You have to pay taxes, quit whining about it already.

A topic like this is going to create discussion, that doesn't mean that people are whining.... We'll see what you say about it AFTER you have paid taxes for years like many in the conversation, not just a couple.

livnlite

We may all have very different tax rates, because it is not only dependant upon where you earn your income, but how much. Here in Ontario there we have a tiered equation for calculating and paying income tax.

The purchasing power of each of our earned dollars will also vary, after taxes. Sales taxes for instance varies from place to place .. Much is dependant upon the cost of living in your general location. So even if I make the same in income as someone from another Province or State .. I may not have the same purchasing power.

PKempy

Not income tax, but it might as well be if you drive a car:-

At the moment in the UK we pay at the gas station (converted to US gallons and dollars):

$8.34 per gallon, of which $4.85 is tax!!

mfp_1

*******************************
Total tax revenue as percentage of GDP (2009)
17 Mexico
18 Chile
24 United States
25 Turkey
26 Korea
26 Australia
27 Japan
28 Ireland
29 Slovak Republic
30 Switzerland
30 Greece
31 Portugal
31 Spain
31 Israel
32 New Zealand
32 Poland
32 Canada
34 OECD Total
34 Iceland
34 United Kingdom
35 Czech Republic
36 Estonia
37 Germany
37 Slovenia
38 Luxembourg
38 Netherlands
40 Hungary
42 France
43 Finland
43 Austria
43 Norway
43 Belgium
43 Italy
47 Sweden
48 Denmark
*******************************
Direct tax (Income, profit, capital gain, social security, property) revenue as a percentage of GDP
45 Mexico
49 Chile
50 Turkey
55 Hungary
56 Israel
60 Portugal
60 Estonia
61 New Zealand
62 Ireland
62 Slovenia
62 Korea
63 Greece
63 Slovak Republic
63 Iceland
63 Sweden
64 Austria
66 Czech Republic
67 Japan
67 Denmark
68 Finland
69 United Kingdom
69 Italy
69 France
70 Germany
72 Norway
72 Spain
73 Luxembourg
74 Canada
74 Belgium
78 Switzerland
82 United States
*******************************

mfp_1

Second title should be:
Direct tax (Income, profit, capital gain, social security, property) as a percentage of total tax revenue

Source:OECD

i_love_vinegar

i live in japan and i have to pay an extra ~25% markup because the yen-dollar rate is so poor >-< tax...pshhh haven't even thought of that as i don't want to think of it haha

pucenavel

Alternative: Zero Income Taxes & Zero Sales Taxes

What it would mean:

When the fire department shows up, you have to sign a payment contract before they get started (and the "put out fire" fee is around $20,000 - can you write that check?)
When you drop your kids off at school each day you have to stop at the office and pay the daily education fees
When a car accident happens, no police or ambulances show up - a few passersby put the injured in their car and take them to the hospital - maybe a few guys push the wreckage off the road
Every block you pay a toll to continue to the next block
Planes are always smashing into each other in mid-air
There is always someone waiting to take your job for lower pay - which means you will make less and over time the amount you make will continue to drop - your country becomes a third world country
Gas prices are 5x what they are today even without any added taxes
Your children's PJ's are highly flammable
Your food has god-knows-what in it (chemicals, feces, mold)

I'm happy to pay my taxes.

sheppeyescapee

Council Tax - abt 10% of income
VAT - 20%
National Insurance 12%
Income Tax - 20%

Don't mind paying it though because we get great healthcare, social services (support workers for me), subsidised education and so on