I'm curious about taxes in other countries. A woman at work tonight said she pays the same amt of taxes in the US that she did when she lived in England; around 30% she says. So anyone have any imput on this one? So we can compare... what is the income tax, property tax, sales tax etc. Please enlighten me.

 

http://www.cra-arc.gc.ca/tax/individ...axrates-e.html

Federal tax rates range from 15 to 29% depending on income, you pay different %ages as your income goes up. I pay another 10% flat rate provincially (Alberta).
Overall, say on $125000 you would pay about $27000 in federal, and $9800 provincial for a total of 29% total tax.(this would be the highest tax bracket)
Property taxes are about $3000 on an avg priced $500000 home (near Calgary).
No provinical sales tax in Alberta, 5% federal GST paid on all goods and services bought.


The higher federal tax we pay goes to public health care and other forms of public welfare for those in this country who don't FEEL like working

 

Depending on what you earn, taxes differ. People on low incomes get tax credits back and is a way of the Govt. buying the vote.
Rich people have accountants and don't pay much tax.
Like you, I suspect it's the middle income people who work actually pay the most tax.
In general though.
Income taxes are broadly the same.
We pay an additional 10% for our free healthcare
Sales tax is 17.5%
Gas is $8 gal. The difference between what we pay and you pay is tax.

Need I go on?

 

http://www.minfin.nl/en/subjects,tax...he-netherlands

 

Since the mid 1990's, there has been a worldwide trend toward a 'flat' income tax.

http://www.ntu.org/main/press.php?Pr...7&org_name=NTU

Most former easteran bloc countries are at 10% - 13% income tax. Other countries on a flat income tax are typically 12% - 25%.

Much of western Europe is like the USA - complicated tax codes with many special interests. These are political barriers to adopting a flat tax.

In general, countries with much higher taxes than the USA offer big ticket items like health care.

 

If you pay 30% in the US, that is alot higher than I thought it was, especially considering no health care benefits.

 

I think the highest federal income tax rate is 28% on income, but we have other taxes, too. Many of the working poor already get larger refunds than what gets collected from their paychecks, so much of the working population is effectively at 0% income tax rate (though they still pay other taxes).

Part of why our taxes are high (considering no health care) is defense spending. Expensive, but not as expensive as the alternative (no defense spending!).

 

I pay about 30%, but that includes fed, Soc Sec, Medicare, and state and local taxes. As far as sales taxes, 5%. If I had to pay 17.5% sales tax, I think I would just never buy anything.

 

We are taxed to death here in Ontario. Good lord. My property taxes are close to $4000 and we got a notice that our property taxes are going up this Aug. Many area's are getting an increase of 30%. Makes me sick!

 

holy crap!