Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Ripsnort on February 18, 2003, 08:28:50 AM

Title: Taxes in the world
Post by: Ripsnort on February 18, 2003, 08:28:50 AM

Since the United States cut income tax rates in 1981 and 1986, dozens of other nations have  followed suit with their own tax rate reductions. The average top individual income tax rate for   26 major contries in the OECD has been cut 20 percentage points since 1980.

Title: Taxes in the world
Post by: Nashwan on February 18, 2003, 08:52:40 AM

The UK cut the top rate of tax from 83% to 60% in June 1979, in Margaret Thatcher's government's first budget.

Perhaps it would be better to say:

"Since the United Kingdom cut income tax rates in 1979 and 1988, dozens of other nations have followed suit with their own tax rate reductions" :p

Title: Taxes in the world
Post by: Curval on February 18, 2003, 11:06:14 AM

<-----  snickers at you poor guys paying income tax.;)

Title: Taxes in the world
Post by: StSanta on February 18, 2003, 11:49:20 AM

Ripsnort, it's misleading.

It just covers the obvious income tax. Add all the fees, sales tax etc etc and you'll find that in a country like Denmark, taxes have steadily increased. The politicians are just hiding them under terms such as 'environmental fee' (odd that the fee doesn't go the environmental work, but to cover welfare expenditures).

Title: Taxes in the world
Post by: Siaf__csf on February 18, 2003, 12:07:07 PM

Ripsnort conveniently overlooked the fact that the rest of the world chose not to follow US in the gradual increase of taxes 1990- and up.. Lol. :)

Title: Taxes in the world
Post by: Ripsnort on February 18, 2003, 12:13:44 PM

Quote

Originally posted by Siaf__csf
Ripsnort conveniently overlooked the fact that the rest of the world chose not to follow US in the gradual increase of taxes 1990- and up.. Lol. :)

Shhh! Those were the Democratic years we had with Bill!

Title: Taxes in the world
Post by: -dead- on February 18, 2003, 02:02:15 PM

Hong Kong's top rate is 15%

Title: Taxes in the world
Post by: Ripsnort on February 18, 2003, 02:09:43 PM

Quote

Originally posted by -dead-
Hong Kong's top rate is 15%

Want a room mate? (I owe $2300 in this year :( )

Title: Taxes in the world
Post by: -dead- on February 18, 2003, 04:58:56 PM

Lol! Come to the dark side, Skywalker. ;)
Sadly, it doesn't work for you poor oppressed US people - you have to pay income tax to the US government as well as the government of the country you're living in. :(

Title: Taxes in the world
Post by: Habu on February 18, 2003, 05:54:24 PM

Canada 44? I pay more than that in Income tax alone. Then we have GST and PST and all sorts of other taxes (property tax, business tax etc.).

Very misleading. The rate must be based on a person with an income of 70,000 or something like that. For higher income earners the rate is higher.