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altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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 Posted: Thu Apr 05, 2007 6:29 pm Post subject: What's the rate of tax where you are? |
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Thought it might be interesting to compare how much we're all taxed in our respective countries?
How is tax calculated where you are?
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iFinancialAdviser
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altyfc
Joined: 29 Dec 2004
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Location: Aardvarkland
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iFinancialAdviser
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| Posted: Wed Apr 18, 2007 8:14 am Post subject: |
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| altyfc wrote: |
...for EVERYONE?  |
No, this is for those who run businesses. I don't know how individuals get taxed; I'm not so sure if they can get taxed at all. I still don't know a lot about tax codes around here to be honest ...
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altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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| Posted: Fri Apr 20, 2007 8:29 pm Post subject: |
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How common is it to have a flat tax like that, I wonder?
In the UK, people are taxed modestly at first, but the % goes up as they start to earn more.
Basically, for individuals it works something like this:
Starting rate 10%
0 - 2,150
Basic rate 22%
2,151 - 33,300
Higher rate 40%
over 33,300
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