which country has the highest taxes?
 

I suppose Sweden would be on that list but what country else? Who meets the most greedy Tax-Man each year?

Israel man they suck you alove there

Prolly Holland :/

Some country in Scandinavia i would guess

15% in montreal, canada

I hear taxes in Switzerland are pretty crazy.

Depends on how much money you make.
The more you make, the more you pay.

Zambia, Africa - 28% gross

Let me ask you in other way then. Let's say you earned $30k/year - how much taxes you would pay in your country from this amount: 20%, 30%, 40%, 50% or more?

Australian tax Rates:

Tax Rates
Marginal Tax Rates
Individual Rates for 2000-2001 and subsequent years*
Taxable Income Tax Payable (Residents) Tax Payable (Non Residents)
$0-$6,000 Nil 29%>$0
$6,001-$20,000 $0+17%>$6,000 29%>$0
$20,001-$50,000 $2,380+30%>$20,000 $5,800+30%>$20,000
$50,000-$60,000 $11,380+ 42%>$50,000 $14,800+42%>$50,000
$60,001+ $15,580+ 47%>$60,000 $19,000+47%>$60,000

In that case the withholding-% would be 45,0.

45%? holy finland tax-batman!

Taxes in Australia are high and what pisses me off even more is they tax your pension fund. I thought it was 15% but my accountant said it's 30 cents in every $1 which is 30%

Any other Aussies know if this is correct?

You're right - Australia is bad - very bad! :feels-hot

UK tax rates.

Starting Rate upto £1,960 = 10%
Basic Rate - £1,960- £30,000 = 22%
Higher Rate - £30,000 and over = 40%

NI Contributions
Primary Class 1 on earnings between £89-£595 11% PER WEEK.
Additional 1% on higher earnings.

Corporation Tax (LTD Company etc)
Turnover £50,001 - £ 300,000 = 19%
Turnover £1,500,001 or more = 30%

VAT Rate - 17.5%

Inheritience Tax:-
Estates over £250,000 = 40%

Capital Gains Tax
below the starting rate limit at 10%,
between the starting rate and basic rate limits at 20%,
and above the basic rate limit at 40%.

Savings Tax
The 10% starting rate of Income Tax includes savings income. Where an individual has savings income in excess of the starting rate limit they will be taxed at the lower rate of 20% up to the basic rate limit (£29,400 - 2001-02 and £29,900 - 2002-03) and at the higher rate of 40% for income above the basic rate limit.

The rates of tax for dividends are 10% for income up to the basic rate limit and 32.5% for income above the basic rate limit.

Car Tax
Engine Under 1549cc - £110.00 per year
Engine Over 1549cc - £165.00

Petrol/Gas
72.8% is added to fuel

Cigarettes
79% is added to the price of a pack of cigs

we pay 50% in tax here in Denmark
and if you earn really much money you can risk getting to pay almost 60 %

London I think

VAT: 17.5%
Income taxes: 27%, 33% and 40% depending on your income.

In Denmark we pay:

50-60% Tax
25% VAT

On top of that, we have some other taxation as well.

Have a car = Pay more
Have a house = Pay more
Money in the bank = Pay more


So Denmark must be one of the most expensive countries in the world... Did I have to mention that we are relocating pretty soon.... Hehe

must be the netherlands....

sales tax 19.5%

income tax up to 52%

0-to ? 15.883 32,90% 15,00%

? 15.884 up to ? 28.850 38,40% 20,50%

? 28.851 up to ? 49.464 42,00% 42,00%

? 49.465 and up 52,00% 52,00%

so if your income would be ? 50.000,-
you would only pay 52 % tax over ? 535,-

thats based on yearly income ...

25% of your company car catalog value is added to your income...

Denmark is a bitch 50 plus percent personal tax rising if you earn above a set amount.
corporation tax aint so bad, 30 percent.

They got us by the bollocks here :mad:

The Netherlands suck at taxes, just got my overview for 2003 and I was shocked :(

Guess its time to move, and some day I will :glugglug

Income taxes: 27%, 33% and 40% depending on your income.

You need a new accountant :) look above for the real uk taxes that DJRCyberAVS has posted

Got that right... Denmark is not an easy country to be rich in. That is if you ever get rich since it seems like the state's number 1 goal that all people should pay 100% tax and then share it equally among all inhabitants afterwards.
At least we got a new government that stopped the taxes from increasing even more.

Oh and did I mention that if you should ever get the crazy idea of buying a car instead of using public transportation you get to pay for 3 cars but only drive away in 1. :321GFY

I'm not going to defend the Danish taxes - and the present government want to lower them if they can - but.... you failed to mention that basically everything is included in those taxes: Free universities, free medi-care, free hospitals, etc, etc. There's no poverty here like you'll meet it in USA or elsewhere.

It turns out that this socialdemocratic society cannot be sustained in a modern world. Immigrants from third world countries flock to come to Scandinavia. They can get it all for free here - and that'll break the back of the socialdemocratic camel.

So - the way to go is to bring down taxes and let people pay for themselves. :thumbsup

I agree - there ARE a lot of benefits, I realized that when my sister suddenly got sick and hospitalized a short while ago.
I go to the university for free and if you ever get unemployed you don't have to live on the street.
BUT there has got to be a compromise between taxes and benefits. I don't want it to be like the USA which is pretty much directly opposite of Denmark. But again there has to be a middle course.

:1orglaugh

if you're in this business and earning over 60k you should have a company.. because the corporate tax is much better, last I heard it was around 30% (I just know it's lower than New Zealand which is 33%)

and one thing often forgotten is sales tax.. most things you buy you're paying more tax.. GRRRRR

Taxes???
Hehehe,we even don't have them in Yugoslavia for porn bizz:)
Well we do but it takes something like..hmm..let me translate in us $.....yes something about 32$ per year:thumbsup

So... how do you get the money out from the company without paying the balance between the 47% and the 30%?

Australia tax rates are great - it makes it so profitable to avoid tax, it gives you an additional source of satisfaction :Graucho

One word for you guys ----> offshore

Incometax is like a bloody caveman, a thing that should only belong to the past. I'm an individualist, I belive the stronger you make the individual, the stronger society will become. I mean what is society other than lots of individuals? I mean if people didn't pay more than let's say 10% incometax, then they would have more money to spend on all sorts of shit, business would go up, debts would drop, the local currency would be stronger etc etc etc. If you earn let's say 60k a year, and you keep 50k after taxes, if you don't save 5-10k a year for emergencies, then it's just your own fault if you get fucked. People would just buy health insurrances, and if they are infact poor, the government should use that 10% they get from your wages to help them. Then they got all the money from the vat, and company taxes for all the other stuff :2 cents:

I would think taxis serving Bangda Airport are the highest in the world because at 14,219 feet (4,334 m), Bangda Airport is the world's highest altitude airport. However, the highest motorable road in the world is in the Khardungla Pass, Kashmir, India. At its highest point it climbs to an altitude of 18,640 feet (5,682 m) so this is where you would find the worlds highest taxis.

The world economics ratings put Denmark at the country that is the worst tax offender in the world. It puts Singapore as the best for income taxes, of any 1st world nation. USA comes in 3rd place for the income taxes.

Only thing about singapore is if you want to drive a car, prepare to pay about $90k USD for a hyundai!!!!

I guess ROMANIA is ON

they take 53% in taxes and contributions out of your the salary


:feels-hot :feels-hot :feels-hot :feels-hot :feels-hot

Taxes are a human rights violation!

in france, taxes are from 0% to 60% (0 for those who don't work)

we are in a social country, so taxes are very high + we pay lot for health and stuff

+ all the "you don't see it, but you are paying taxes" when you are buying stuff, like vta at 20% etc...

Boy you're wrong.

And how many people live from paycheck to paycheck?
The more money people (not everybody, some are actually smart) get, the more they spend. Not on useful stuff like medicare, insurances, invest it or put away for their retirement. But TV's, new DVD, a brand new car to flash for the neighbors you name it.

Just look on the boards. People whine when a sponsor only send a check once a month, hell even bi-weekly. Why?
Even if you get paid once a month you get paid the same amount as 2 bi-weekly checks.
But it just shows that people spend all the money when they get the check, then they have to life of noodles until the next check comes.

I live in Sweden and maximum income tax here is just around 60% plus we have shit load of other taxes. So I'm pretty sick of paying taxes.

So I'm all for a society where it's more up to the individual to take care of themself, to a certain degree.
But people has proved that they can't take care of themself.
How many people living below poverty line and homeless are there in the US?
People in Sweden expect way too much. Our government has always taken care of us, and it's hard to switch to something else.


End of my rant :winkwink:

in Denmark there is 25% sales tax on all gross that is being sold to a person and not company and then we pay aleast 50% af our income depending how much money we make

The more money people spend on stuff like DVD's, the more money the government will get out of VAT, and company taxes!
In the end it will work out the same. The government will get enough money from hidden taxes to take care of those of the citizens that can't afford hospitals and shit. If America wouldn't spend so much money on their army, they'd deffinately have enough money to give free healthcare to people that can't afford it them selfs. Maybe it's time for them to stop worrying about the world, and take care of their own backyard. Let the UN and NATO do the dirty work (although they did coward out the last time).
I'm from Iceland my self, so I know how a welfare country is run, and it sucks! Strong individuals will make a strong economy! That is a fact. I don't like the corporate policy of the USA, in fact, I don't like the policy of any country in the world, that I can remember at least. I guess I'll have to make a political party of my own :glugglug

And then there's crime.

The crime rate is lower in a high-tax country. A murder is frontpage news here in Denmark. There's no guns in circulation. You can walk the streets at night in any part of the country. There's no desperate people doing crimes for a living except for the occasional drug addict who may try to break into your house.

Life without fear.

Holland has one of the highest rates, 35% tax over your profit, 19% VAT over your turnover. Comes down to about 54% (for minimum wage), and it can be a lot higher if your turnover is high but the profit low (if you have a lot of bills).

By the way, can anyone give me the tax rates in Germany? Thanks.

Don't forget 'hidden' taxes like fuel excise. In Australia, you have...

1. retail price of fuel supplier
2. plus fuel excise
3. plus 10% GST of 1+2

It's a double tax.

Currently Melbourne prices are 84c per litre according to Shell, which is broken down like this:

a) 34.6c refinery price
b) 45.3c tax
c) 4.1c margin

The tax added is actually higher than the sum of the refinery price and margin, so it more than doubles the cost at the pump.

I'm about to look into this myself, I'm already losing money as an individual by not setting up a company... I don't know if there will be any direct monetary benefits (unless you do tricky things like deliberate losses or keep most of your profits sitting untouched in a corporate bank account), but there should be indirect benefits such as salary sacrificing (cheaper new car!) and super. Another way to save a bit of on income tax with a teired system like Australia is to employ your partner and split the salary down the middle.

Let's say...

100k taxable income on Joe Aussie
=$33,807 in tax

But split that in half...

50k taxable income on Joe Aussie
50k taxable income on Jo Aussie
=$11,172 each ($22,344 total tax)

BTW, I'm in Melbourne too. :)

sweden is pretty crazy:

Income tax: 30-50% depending on how much you earn
Social fees: 30%

VAT: 25%

So if you'd earn $10k / month as a sole proprietor you'd have $3.5k left. And when you then burn that money on things you'll have to pay 25% VAT.

So I guess it'd be fair to say that we swedes pay about 72% in taxes.

sweden: ~50% including social fees

The good old US taxes more than people think.

People forget that on top of the Federal Income Tax most States have an income tax, some cities have an income tax. Sales, Vehicle taxes, fuel taxes, Medicare Tax, Social Security tax.

Then consider, no free medical care, no free college education, etc.

You get what you pay for in Europe, we pay and get squat.

damn true

If your income is from overseas, I assume you've looked into keeping it offshore and bringing it in via other means than cashing the cheques in your bank account...? You might consider having no money going thru your Australian banks at all.

Well obviously Sweden and Holland will have higher tax... the more socialis thte country the higher the tax.... but the more things it gets you too.