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Larry <noone@home.com> writes:
> "Your Name" <your.name@isp.com> wrote in > news:i5nfj0$hv8$1@lust.ihug.co.nz: > > > > > "Michelle Steiner" <michelle@michelle.org> wrote in message > > news:michelle-820195.15565901092010@news.eternal-september.org... > >> In article <rmkt76lffbjd1eg8p3ilp2dsfnfr9r9pbc@4ax.com>, > >> DevilsPGD <Still-Just-A-Rat-In-A-Cage@crazyhat.net> wrote: > >> > >> > Interesting that VAT is included but Canadian taxes aren't > >> > disclosed until much later in the purchase process. > >> > >> A lot depends on local laws. As I understand it, advertised prices > >> in the UK must include VAT. In the US (and maybe in Canada), the > >> advertised > > price > >> is the pre-tax price. That makes sense for the USA because the sales > >> tax varies by state and sometimes by city. It may be the same in > >> Canada. > > > > In New Zealand we have a flat 12.5% Government Sales Tax (GST) rate, > > which is soon going up to 15%. :-( > > > > In advertising they are meant to state whether or not the prices > > include GST. If the advert doesn't say, then it is taken that GST is > > included (which could be at the business' expense if they left it off > > by mistake). > > > > > > > > > > Just curious....Do they tax you for making money or just spending it? > > Here in South Carolinastan we pay Federal Income Tax up to 35%, state > income tax up to about 7% when we make money. Then, when we spend money > we pay the state 6% sales tax, like your GST, plus 1 to 3% local > city/county sales taxes on top of that. If you take into account that > the price of the product has the taxes of the manufacturer, distribution > organizations and merchants buried into it, plus your own making and > spending taxes, the taxes on everything in South Carolinastan is about > 90% of your paycheck. I realize you are insane, but just in case our correspondent from New Zealand doesn't realize it: a) almost no one pays anything close to 35% of their income to the Federal Government. In fact, the 35% is the _marginal_ tax rate on adjusted income past $372,951. The actual average percentage of income paid in federal tax (for those who pay more than nothing) is under 13%. (See, for example, http://www.taxfoundation.org/news/show/250.html ) b) Even if your 35% wasn't roughly three times too high, and even if you simply added together all the percentages you list, you get nowhere near the 90% figure you mention. c) You actually leave out FICA, which is a substantial federal tax, but still doesn't get you anywhere near 35%. > > We're very good at burying taxes. Our cable TV and electricity bills > from other corporations have a 4% "franchise fee" added to them, paid to > the city for allowing the cable and electric companies to have a monopoly > on selling us service. Our electricity bills have a "tax" forced upon us > to pay for the street lights in the neighborhood down the street. > There's no light in my yard, but I pay for theirs. Fuel taxes for petrol > is 34.8UScents per US gallon, about 4 litres. It goes on and on...... > > There's a "flat tax" movement but it will never happen as it would reduce > our taxes from 90% to 10-15% and starve bureaucrats at all > levels.....impossible. d) A truly flat federal tax at 15% would give the federal government more money from income tax than they get now. So the reason this isn't happening is more complicated than that it would starve bureacrats. |
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spamfalle2@arcor.de (Marc Stibane) wrote in
news:1jon7mb.1a7gyp71izmzjuN@marc.my-fqdn.de: > In Germany, we pay about 70 EuroCent fuel tax - per litre. Plus 19% VAT > on the end price of the bill. > So currently 1 litre of 95 octan fuel is about Ï1.50, which computes to > more than 7.50$ per gallon. > > Isn't socialized medicine wonderful?! |
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