Originally posted by storch
Now, how much in percentages is your total tax burden, including VATs and taxes on fuel? Do you even know? mine is roughly $75k this year, not including the $11oddk in health care insurance. That leaves me about $90k disposable and I'm a grunt. Well not quite true I own a welding and fabrication shop and we do some pretty neat things every now and then.
Difficult to say. Prices for goods in shops/restaurants
include VAT as required by law, whereas in the US, tax is added on at the point of sale. I spend about £1500 a year on road fuel. But it's impossible to estimate the tax taken in indirect taxes. However I can tell you that it is much higher now than before Tony Blair came to power. Since then, I'd say the indirect tax take has risen by 50%.
Tell me about school funding - you pay $30,000 for each child every year, but what happens when the school needs some major funding - eg, for a new gymnasium? I've heard the Principal has to "hit up" the parents...
But don't get me wrong. I prefer the American way. That's what Margaret Thatcher brought us. Top rate of income tax was reduced from 83% to 40%, and government got OUT of the business of running airlines and running car companies. VAT had to rise from 8% to 15%, but the people then had the CHOICE of how to spend their hard earned, instead of having a nanny govt doing that for them. Tony Blair's "New Labour" has reversed many of Thatcher's achievements.
