Tax pressure around the world? How is yours?

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  • Thomas007
    Confirmed User
    • Aug 2001
    • 920

    #1

    Tax pressure around the world? How is yours?

    How is the tax pressure around the world?

    This thread is meant to give an overview on how the tax is around the world. The fees on my new car inspired me. See below and you know why.
    Please reply if you have something to add.


    *****************************************
    Denmark:

    Income tax:
    Average 50%
    Max 60%
    Deduction DKK 30000 = $6000

    VAT:
    25% on all products, deductable for companies.

    Company tax:
    30%

    New car:
    Price + 25% VAT + 180% registration fee of the price
    100.000 becomes 305.000

    *****************************************
    Last edited by Thomas007; 09-13-2004, 06:39 AM.


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  • Phoenix
    BACON BACON BACON
    • Nov 2002
    • 35475

    #2
    you guys really get hosed with the new car thing
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    Comment

    • paparazzisex
      Registered User
      • Jul 2004
      • 17

      #3
      jeps det sutter at bo i Danmark
      I'm absolutly crazy about Jelena Jensen. Promote @ boobdollars

      Comment

      • Thomas007
        Confirmed User
        • Aug 2001
        • 920

        #4
        Originally posted by Phoenix
        you guys really get hosed with the new car thing
        Yes, we pay for the car three times when we buy a new car.


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        • michel
          TheHun's Yellow Pages!
          • Mar 2002
          • 3420

          #5
          and I thought The Netherlands were bad

          Comment

          • Thomas007
            Confirmed User
            • Aug 2001
            • 920

            #6
            Originally posted by michel
            and I thought The Netherlands were bad
            How is that? Let's get some numbers.

            How is it in the states?


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            • iv@n
              Confirmed User
              • Dec 2001
              • 641

              #7
              *****************************************
              Slovakia:

              Income tax:
              Average 19%
              Max 19%

              VAT:
              19% on all products, deductable for companies.

              Company tax:
              19%

              New car:
              Price + 19% VAT

              *****************************************
              sweet teens

              Comment

              • EviLGuY
                So Fucking Banned
                • Apr 2003
                • 12745

                #8
                Originally posted by Tricky007
                Yes, we pay for the car three times when we buy a new car.
                Thats crazy.. I'd just get a bicycle or something. I am too inately cheap to pay that much in taxes.

                Comment

                • Goatse
                  Confirmed User
                  • Sep 2003
                  • 2086

                  #9
                  Originally posted by iv@n
                  *****************************************
                  Slovakia:

                  Income tax:
                  Average 19%
                  Max 19%

                  VAT:
                  19% on all products, deductable for companies.

                  Company tax:
                  19%

                  New car:
                  Price + 19% VAT

                  *****************************************
                  sweet teens
                  Is Slovakia relatively safe? Is there a lot of institutional corruption?

                  Comment

                  • Mr Exotic
                    Confirmed User
                    • Dec 2003
                    • 153

                    #10
                    Well here in the US the income tax varies greatly depending on how much you make. I personally have had years where I have paid 40% and I have had years where I paid nothing.

                    On vehicles as far as I know there is no national tax. Most states have a normal sales tax of 5-6%, here in Indiana it was just moved up to 6% from 5% it had been for years. That sales tax applies to everything except for groceries, those are non taxable.

                    If I lived in an EU country I would rather shoot myself than to pay 60% on my income and then have to pay 60k on a 20k car, FUCK THAT SHIT. How in the hell does your governments expect people to be able to buy anything. Shit I thought the economy here in the states was bad right now. I guess the US really is the best place in the world to live. Geez that is just outrageous on those car taxes.

                    Comment

                    • Mefo
                      Confirmed User
                      • Jun 2002
                      • 6169

                      #11
                      Originally posted by Tricky007
                      How is that? Let's get some numbers.

                      How is it in the states?
                      The Netherlands is not that different from Denmark.... actually pretty close to each other

                      Comment

                      • Sexy Rex
                        Confirmed User
                        • Sep 2003
                        • 1164

                        #12
                        France:

                        *****************************************

                        Income tax:
                        Average 30%
                        Max 54%

                        VAT:
                        19.6% on all products, deductable for companies.

                        Company tax:
                        33%

                        New car:
                        Price + 19.6% VAT

                        Paying someone working for you = you must give an extra 90% to the state for retirement, health insurance, unemployment ect.

                        *****************************************

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                        Comment

                        • Sosa
                          In Tushy Land
                          • Oct 2002
                          • 40149

                          #13
                          I hate taxes

                          Comment

                          • sirrobin
                            Confirmed User
                            • Jun 2003
                            • 453

                            #14
                            Belgium

                            21% VAT on new cars. But ZERO on SUVs if bought thru a business. So Brussels is full of Porsche Cayennes

                            Zero registration tax on SUVs, for other cars it depends on the enigne size

                            For income tax the rate is a maximum of 52% but thats for employed people. Self employed people hardly pay any tax with all the deductions

                            Zero Capital gains tax

                            Zero income tax on capital gains on savings upto ?150k

                            And if you are an expatriate you can get an even more advantageous tax rate (zero tax on income from outside Belgium).
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                            Comment

                            • Thomas007
                              Confirmed User
                              • Aug 2001
                              • 920

                              #15
                              Excellent.

                              How about Australia, UK or Canada?



                              Totem Rex:
                              France:
                              Paying someone working for you = you must give an extra 90% to the state for retirement, health insurance, unemployment ect.
                              I was pretty surprised by this.
                              It's nearly a double up for the company.


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                              • Shooter
                                Confirmed User
                                • Apr 2001
                                • 2842

                                #16
                                Originally posted by Tricky007
                                Denmark:

                                New car:
                                Price + 25% VAT + 180% registration fee of the price
                                100.000 becomes 305.000
                                Wow, that is ridiculous.

                                Comment

                                • rickholio
                                  Confirmed User
                                  • Jan 2004
                                  • 1914

                                  #17
                                  Canada:

                                  *******************************

                                  Income Tax:

                                  Average Income per capita: $58,782CDN (approx $45,000USD)

                                  Raw earned income tax rate on that level of income, before deductions (2004 federal): 18.43%

                                  Raw earned income tax rate on that level of income, before deductions (2004 provincial): Between 7.39%(ontario) and 18.36%(quebec), average is 11.56%

                                  Total earned income tax before deductions: 30%

                                  Highest marginal earned income tax: between 40% and 51%. These margins don't kick in until well over the $100k/year earned income point.

                                  VAT: 7% GST on most transactions, low income earners eligible for partial or full refund. Some provinces additionally have PST.

                                  New Car: I don't know. While there's a copious amount of information online about tax numbers for earned income, unearned income, capital gains and so on, I've found *NO* references to automobile taxes, and I don't happen to have my financing papers handy to see what it was for my last purchase. Maybe another 'nuck can chime in with those numbers.

                                  *********************************

                                  I should point out that these numbers leave out a lot of subtleties. For example, in addition to taxes, a salaried or wage-earning citizen must also contribute some percentage of each check to employment insurance, canada pension plan, etc. There also tends to be surtaxes on various items, such as gasoline and cigarettes. As such, while we may only pay 30% income tax on average, our effective purchasing power is somewhat reduced.
                                  Last edited by rickholio; 09-13-2004, 10:51 PM.
                                  ~

                                  Comment

                                  • rickholio
                                    Confirmed User
                                    • Jan 2004
                                    • 1914

                                    #18
                                    Oh, yeah

                                    Canada (corporate):

                                    *******************************

                                    Base federal corporate tax rate (2004): 13.1% up to 250k, 22.1% beyond 250k.

                                    Base provincial corporate tax rate(2004): Varies between 3%(New Brunswick and for some businesses in alberta) and 8.9%(Quebec) up to 250k, average is 5.3%. Beyond 250k, average is 13.9%.

                                    Total effective corporate tax rate (averages): 18.4% <250k, 36% on income beyond 250k.

                                    **********************************

                                    Note: Of course, noone pays anywhere close to these amounts. The corporate tax system in Canada is so full of things that can be depreciated and deducted it's conceivable that with careful tax planning and expenditure control your business could pay little or nothing. Small business is particularly blessed, as shareholders are allowed up to 25k in dividends tax-free per year, and items purchased for the business can be claimed for GST refund.

                                    It should be a truism in Canada that if you make over $70k/year, you absolutely must incorporate if possible. The tax benefits are massive... the 25k of tax free dividend alone covers the costs of lawyer and accountant fees easily.
                                    ~

                                    Comment

                                    • Ironhorse
                                      Pixel Pusher
                                      • Nov 2002
                                      • 7094

                                      #19
                                      Originally posted by Mr Exotic
                                      Well here in the US the income tax varies greatly depending on how much you make. I personally have had years where I have paid 40% and I have had years where I paid nothing.

                                      On vehicles as far as I know there is no national tax. Most states have a normal sales tax of 5-6%, here in Indiana it was just moved up to 6% from 5% it had been for years. That sales tax applies to everything except for groceries, those are non taxable.

                                      If I lived in an EU country I would rather shoot myself than to pay 60% on my income and then have to pay 60k on a 20k car, FUCK THAT SHIT. How in the hell does your governments expect people to be able to buy anything. Shit I thought the economy here in the states was bad right now. I guess the US really is the best place in the world to live. Geez that is just outrageous on those car taxes.
                                      Why do you think Vikings found America?
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                                      Comment

                                      • rickholio
                                        Confirmed User
                                        • Jan 2004
                                        • 1914

                                        #20
                                        Originally posted by Ironhorse
                                        Why do you think Vikings found America?
                                        They didn't. They found Newfoundland.
                                        ~

                                        Comment

                                        • polish_aristocrat
                                          Too lazy to set a custom title
                                          • Jul 2002
                                          • 40377

                                          #21
                                          Originally posted by Tricky007
                                          Yes, we pay for the car three times when we buy a new car.
                                          It's kinda hard to believe it.
                                          I don't use ICQ anymore.

                                          Comment

                                          • Thomas007
                                            Confirmed User
                                            • Aug 2001
                                            • 920

                                            #22
                                            Originally posted by Tricky007
                                            Yes, we pay for the car three times when we buy a new car

                                            Originally posted by polish_aristocrat
                                            It's kinda hard to believe it.
                                            Yes, but it's reality over here.

                                            The EU has said the registration fee should be removed inside 10 years - the Danish government won't loose that income, lets see if they obey.

                                            If it happens, I think the price of the fuel will tripple and so will the annual fee for using the roads.

                                            But let's not start a political discussion - the idea was to see how the taxes was around the world.

                                            Let's get some more numbers on the table.


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                                            Comment

                                            • the real magoo
                                              So Fucking Banned
                                              • Sep 2001
                                              • 1637

                                              #23
                                              How come taxes are so high up there in Scandinavia?

                                              Comment

                                              • justsexxx
                                                Too lazy to set a custom title
                                                • Aug 2001
                                                • 13723

                                                #24
                                                Originally posted by sirrobin
                                                Belgium

                                                21% VAT on new cars. But ZERO on SUVs if bought thru a business. So Brussels is full of Porsche Cayennes

                                                Zero registration tax on SUVs, for other cars it depends on the enigne size

                                                For income tax the rate is a maximum of 52% but thats for employed people. Self employed people hardly pay any tax with all the deductions

                                                Zero Capital gains tax

                                                Zero income tax on capital gains on savings upto ?150k

                                                And if you are an expatriate you can get an even more advantageous tax rate (zero tax on income from outside Belgium).
                                                Hi sir, for example, what does a porsche cayenne Turbo cost you?

                                                Also, all my money comes from OUTSIDE Belgium.
                                                (ccbill, other US sponsors etc) does this mean when I make 100.000 Euro a year profit with those checks , I can spend 100.000EURO. And I don't have to pay ANY TAX AT ALL!?

                                                Andre
                                                Last edited by justsexxx; 09-14-2004, 01:30 AM.
                                                Questions?

                                                ICQ: 125184542

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                                                • polish_aristocrat
                                                  Too lazy to set a custom title
                                                  • Jul 2002
                                                  • 40377

                                                  #25
                                                  Originally posted by iv@n
                                                  *****************************************
                                                  Slovakia:

                                                  Income tax:
                                                  Average 19%
                                                  Max 19%

                                                  VAT:
                                                  19% on all products, deductable for companies.

                                                  Company tax:
                                                  19%

                                                  New car:
                                                  Price + 19% VAT

                                                  *****************************************

                                                  When was the flat taxt rate of 19% introduced in your country? Did it help your country's growth?

                                                  sweet teens

                                                  I don't use ICQ anymore.

                                                  Comment

                                                  • Fonz
                                                    Confirmed User
                                                    • Aug 2003
                                                    • 486

                                                    #26
                                                    Originally posted by sirrobin
                                                    Belgium

                                                    21% VAT on new cars. But ZERO on SUVs if bought thru a business. So Brussels is full of Porsche Cayennes

                                                    Zero registration tax on SUVs, for other cars it depends on the enigne size

                                                    For income tax the rate is a maximum of 52% but thats for employed people. Self employed people hardly pay any tax with all the deductions

                                                    Zero Capital gains tax

                                                    Zero income tax on capital gains on savings upto ?150k

                                                    And if you are an expatriate you can get an even more advantageous tax rate (zero tax on income from outside Belgium).
                                                    Are you sure you live in the same Belgium as I do?
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                                                    • hvidlogspusher
                                                      Confirmed User
                                                      • Jul 2003
                                                      • 315

                                                      #27
                                                      60%

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                                                      • Michael O
                                                        More Cowbell
                                                        • Jul 2001
                                                        • 10607

                                                        #28
                                                        You have to keep other things in mind.
                                                        Minimum wage in Denmark is $15 an hour, 5-6 weeks of paid vacation, free healthcare from doctors appointments to heart transplants, free education (you even get about $650 after taxes from the goverment every month for a max of 7 years while taking your education). Unemplyment if you lose your job or get in some other serious trouble there is social security that will make it possible for you to have a decent life.
                                                        No one will ever have to go hungry to bed or live on the streets unless it their own choice.

                                                        I wouldn´t change it for anything.
                                                        Last edited by Michael O; 09-14-2004, 01:45 AM.
                                                        Truth Teller

                                                        Comment

                                                        • Theo
                                                          HAL 9000
                                                          • May 2001
                                                          • 34515

                                                          #29
                                                          Originally posted by sirrobin

                                                          For income tax the rate is a maximum of 52% but thats for employed people. Self employed people hardly pay any tax with all the deductions

                                                          Comment

                                                          • polish_aristocrat
                                                            Too lazy to set a custom title
                                                            • Jul 2002
                                                            • 40377

                                                            #30
                                                            Originally posted by Keyser Soze
                                                            You have to keep other things in mind.
                                                            Minimum wage in Denmark is $15 an hour, 5-6 weeks of paid vacation, free healthcare from doctors appointments to heart transplants, free education (you even get about $650 after taxes from the goverment every month for a max of 7 years while taking your education). Unemplyment if you lose your job or get in some other serious trouble there is social security that will make it possible for you to have a decent life.
                                                            No one will ever have to go hungry to bed or live on the streets unless it their own choice.

                                                            I wouldn´t change it for anything.
                                                            Your last sentence is very interesting. I thought most of adult webmasters dont care about social security. Sure, not everyone here is making big $$$$, but this industry is simply very unstable, so whoever decided to earn his $$$ in it, is aware of the risk but has simply an entrepreneur - mind.
                                                            I don't use ICQ anymore.

                                                            Comment

                                                            • ortika
                                                              Confirmed User
                                                              • Oct 2002
                                                              • 146

                                                              #31
                                                              Originally posted by Fonz
                                                              Are you sure you live in the same Belgium as I do?
                                                              Dont worry man he lives well in another belgium than out fucking belgium ... too much taxes and more if you work for yourself .

                                                              I think he works in black ahahah

                                                              Comment

                                                              • Michael O
                                                                More Cowbell
                                                                • Jul 2001
                                                                • 10607

                                                                #32
                                                                Originally posted by polish_aristocrat
                                                                Your last sentence is very interesting. I thought most of adult webmasters dont care about social security. Sure, not everyone here is making big $$$$, but this industry is simply very unstable, so whoever decided to earn his $$$ in it, is aware of the risk but has simply an entrepreneur - mind.
                                                                I got "saved" by the system about 10 years ago I hit the bottom and things were very hard and if it weren´t for all the help I got I don´t think I would have been alive today.
                                                                Truth Teller

                                                                Comment

                                                                • mcmc
                                                                  Confirmed User
                                                                  • Feb 2004
                                                                  • 1705

                                                                  #33
                                                                  *****************************************
                                                                  Switzerland:

                                                                  Income tax:
                                                                  Average 12%
                                                                  Min 2.5%
                                                                  Max 21.8%
                                                                  -> depends where in Switzerland you live and on your income

                                                                  VAT:
                                                                  7.6% on all standard products, deductable for companies.
                                                                  2.4% on products for daily use (e.g. food)
                                                                  3.5% tourism

                                                                  Company tax:
                                                                  25% (average)

                                                                  New car:
                                                                  Price + 7.6% VAT

                                                                  *****************************************
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                                                                  • Nathan
                                                                    Confirmed User
                                                                    • Jul 2003
                                                                    • 3108

                                                                    #34
                                                                    Originally posted by sirrobin
                                                                    Belgium

                                                                    21% VAT on new cars. But ZERO on SUVs if bought thru a business. So Brussels is full of Porsche Cayennes

                                                                    Zero registration tax on SUVs, for other cars it depends on the enigne size

                                                                    For income tax the rate is a maximum of 52% but thats for employed people. Self employed people hardly pay any tax with all the deductions

                                                                    Zero Capital gains tax

                                                                    Zero income tax on capital gains on savings upto ?150k

                                                                    And if you are an expatriate you can get an even more advantageous tax rate (zero tax on income from outside Belgium).
                                                                    Hi sirrobin, hit me up on ICQ 1889711 or AIM fthylmann when you have a chance, I got a question for you...
                                                                    "Think about it a little more and you'll agree with me, because you're smart and I'm right."
                                                                    - Charlie Munger

                                                                    Comment

                                                                    • Nathan
                                                                      Confirmed User
                                                                      • Jul 2003
                                                                      • 3108

                                                                      #35
                                                                      Originally posted by Fonz
                                                                      Are you sure you live in the same Belgium as I do?
                                                                      Thats what I thought,

                                                                      I am not sure about the SUV, but personal income tax sucks in Belgium, and on top of that, social security that you _HAVE_ to pay even if self employed is a killer. At least that was my experience.

                                                                      Company tax IS low compared to the rest of europe though.

                                                                      And the 0% tax on income from outside of belgium, I have never heard of that one either. How is "outside of belgium" defined?
                                                                      "Think about it a little more and you'll agree with me, because you're smart and I'm right."
                                                                      - Charlie Munger

                                                                      Comment

                                                                      • Gynecologist
                                                                        Confirmed User
                                                                        • Sep 2004
                                                                        • 2184

                                                                        #36
                                                                        Originally posted by iv@n
                                                                        *****************************************
                                                                        Slovakia:

                                                                        Income tax:
                                                                        Average 19%
                                                                        Max 19%

                                                                        VAT:
                                                                        19% on all products, deductable for companies.

                                                                        Company tax:
                                                                        19%

                                                                        New car:
                                                                        Price + 19% VAT

                                                                        *****************************************
                                                                        sweet teens
                                                                        yeah, Slovakia ACTUALLY has the flat tax. In the US we have to just dream about it.

                                                                        Comment

                                                                        • iv@n
                                                                          Confirmed User
                                                                          • Dec 2001
                                                                          • 641

                                                                          #37
                                                                          Originally posted by polish_aristocrat
                                                                          [B]When was the flat taxt rate of 19% introduced in your country? Did it help your country's growth?
                                                                          this year, we will see in '05,
                                                                          but for now, it looks good, new investiment are coming

                                                                          Comment

                                                                          • sirrobin
                                                                            Confirmed User
                                                                            • Jun 2003
                                                                            • 453

                                                                            #38
                                                                            Originally posted by Fonz
                                                                            Are you sure you live in the same Belgium as I do?
                                                                            Is there something in my post you dont agree with ? (Have you ever spoken to a tax lawyer ?)
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                                                                            • sirrobin
                                                                              Confirmed User
                                                                              • Jun 2003
                                                                              • 453

                                                                              #39
                                                                              Originally posted by Nathan
                                                                              Thats what I thought,

                                                                              I am not sure about the SUV, but personal income tax sucks in Belgium, and on top of that, social security that you _HAVE_ to pay even if self employed is a killer. At least that was my experience.

                                                                              Company tax IS low compared to the rest of europe though.

                                                                              And the 0% tax on income from outside of belgium, I have never heard of that one either. How is "outside of belgium" defined?
                                                                              Its called the "expatriate tax regime" - do a google search for it.

                                                                              Outside of Belgium is defined as "NOT BELGIUM".
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                                                                              • iv@n
                                                                                Confirmed User
                                                                                • Dec 2001
                                                                                • 641

                                                                                #40
                                                                                Originally posted by Goatse
                                                                                Is Slovakia relatively safe? Is there a lot of institutional corruption?
                                                                                corruption and safety is problem like at other post-socialist countries around, average middle europe standard
                                                                                i don't apprehend it as a big problem for my bussiness

                                                                                Comment

                                                                                • sirrobin
                                                                                  Confirmed User
                                                                                  • Jun 2003
                                                                                  • 453

                                                                                  #41
                                                                                  Originally posted by ortika
                                                                                  Dont worry man he lives well in another belgium than out fucking belgium ... too much taxes and more if you work for yourself .

                                                                                  I think he works in black ahahah
                                                                                  Yes I take money in cash for my adult websites
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                                                                                  • polish_aristocrat
                                                                                    Too lazy to set a custom title
                                                                                    • Jul 2002
                                                                                    • 40377

                                                                                    #42
                                                                                    Originally posted by iv@n
                                                                                    this year, we will see in '05,
                                                                                    but for now, it looks good, new investiment are coming
                                                                                    I can only hope Poland is going to do the same.
                                                                                    A simple, low, flat tax rate is a very good idea.
                                                                                    I don't use ICQ anymore.

                                                                                    Comment

                                                                                    • Boodles
                                                                                      Registered User
                                                                                      • Sep 2004
                                                                                      • 62

                                                                                      #43
                                                                                      It sux, very big pressure on us

                                                                                      Comment

                                                                                      • Rankings
                                                                                        • Jan 2004
                                                                                        • 10633

                                                                                        #44
                                                                                        you could have 3 cars if you moved. I'd move.
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                                                                                        • Meadint
                                                                                          Registered User
                                                                                          • Jan 2003
                                                                                          • 22

                                                                                          #45
                                                                                          It doesn't make any sence to compare tax rates like that. Sure we pay a lot of taxes i Denmark, but that's because (almost) all social security is funded through taxes. Thus we do not have to pay any additional money for healt insurance, education, social assistance etc. 80% of unemployment insurance is funded through taxes, child care is partly funded through taxes, retirement pensions is partly funded through taxes and I could go on.

                                                                                          Comment

                                                                                          • rowan
                                                                                            Too lazy to set a custom title
                                                                                            • Mar 2002
                                                                                            • 17393

                                                                                            #46
                                                                                            Australia:

                                                                                            Income tax rates are teired and range from 0% (<$6,000) to 47% (>$62,500). For an average wage of $49k you pay 22% tax.

                                                                                            Most products and services attract a 10% GST. There are some exceptions like fresh food.

                                                                                            Company tax rate is 30%.

                                                                                            New car is price + 10% GST. If the total is worth more than $57,009 then you pay a luxury tax of 25%. Registration in my state is about $520 per year.


                                                                                            Currently $USD100 = $AUD145

                                                                                            Comment

                                                                                            • Thomas007
                                                                                              Confirmed User
                                                                                              • Aug 2001
                                                                                              • 920

                                                                                              #47
                                                                                              Originally posted by Meadint
                                                                                              It doesn't make any sence to compare tax rates like that. Sure we pay a lot of taxes i Denmark, but that's because (almost) all social security is funded through taxes. Thus we do not have to pay any additional money for healt insurance, education, social assistance etc. 80% of unemployment insurance is funded through taxes, child care is partly funded through taxes, retirement pensions is partly funded through taxes and I could go on.
                                                                                              I agree, and the intention was not to compare whether or not it's fair.

                                                                                              The idea was to see how the raw numbers was - and see how different the world really is.

                                                                                              I like the welfare system we have in Denmark - and would not trade it for three cars instead of one.

                                                                                              Let's get more numbers on the table - are here someone from Asia or Russia?


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