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Allie in Vancouver Send message Joined: 16 Mar 07 Posts: 3949 Credit: 1,604,668 RAC: 0 |
Did I read that right? You guys pay a 17.5% VAT? Here in BC they are bringing in a HST (similar to VAT) that'll be 12% and people are on the verge of rioting. (And all it is really doing is tying together two existing sales taxes into one.) As for the spending cuts, they are a part of the reason why Canada came through the recession in relatively good shape. The government was able to up spending during the worst of it without trading away the future with ever more massive deficits. Pure mathematics is, in its way, the poetry of logical ideas. Albert Einstein |
Dave Hogan Send message Joined: 14 Jun 07 Posts: 20 Credit: 1,642,949 RAC: 0 |
Did I read that right? You guys pay a 17.5% VAT? Here in BC they are bringing in a HST (similar to VAT) that'll be 12% and people are on the verge of rioting. (And all it is really doing is tying together two existing sales taxes into one.) Wow. I thought San Diego's 8.25% or so when I moved out were bad, but 12 or 17.5%? That's just crazy to me. I love Oregon's 0.0% sales tax. |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
so is that correct VAT is sales tax? consider that Many neocons here want a 17% flat tax which is virtually the same thing and then we'd pay sales tax on purchases as well. I can only assume that you have personal income tax as well. mine runs 10-12% after deductions. which puts me right at that 17% rate. I think its kinda funny that the Brits pay a tax to watch television. Ever consider commercials? That would be untennable here in the states. In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
Dena Wiltsie Send message Joined: 19 Apr 01 Posts: 1628 Credit: 24,230,968 RAC: 26 |
That doesn't sound good. The Laffer curve peaks government income at 20% taxes. That means all taxes totaled - State, Federal and Local totaled together. I think we are already well over that in the United States but I am not sure if other countries have many different governments grabbing money like we do. |
Es99 Send message Joined: 23 Aug 05 Posts: 10874 Credit: 350,402 RAC: 0 |
That doesn't sound good. The Laffer curve peaks government income at 20% taxes. That means all taxes totaled - State, Federal and Local totaled together. I think we are already well over that in the United States but I am not sure if other countries have many different governments grabbing money like we do. I am pretty sure Americans pay less tax than most other countries, but then you get less back for it. I'm grateful for a lot of the infrastructure and social programs that my taxes pay for. Reality Internet Personality |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
I'm always amazed to hear people in the US complain about the lousy roads when they also insist on paying lower taxes while they scuttle off to work in their Mercedes SUV that they park in their McMansion. We are really a feeble mided folk. It was understood at one time that the rich do pay more in Taxes and the benefit is that they get to still live in a relatively free society. Stop paying those taxes and we find that we get what we have right now. People so insistant that they pay to much because they cant afford their 3rd home otherwise In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
That doesn't sound good. The Laffer curve peaks government income at 20% taxes. That means all taxes totaled - State, Federal and Local totaled together. I think we are already well over that in the United States but I am not sure if other countries have many different governments grabbing money like we do. I don't know about most Americans, I just know that around 55 to 60% of all my spending is for taxes. Shocking! Most Americans can't believe it. Of course being a bean counter type I make sure to count all the taxes, most people miss a lot of them. All they think of is their state and federal income taxes. Start adding all all the rest and you come up with that shocking number. Real Estate tax, gas taxes, sales taxes, the taxes you pay on your car, all those taxes on your phone and utility bills, hotel room tax on your vacation, ... |
ML1 Send message Joined: 25 Nov 01 Posts: 20147 Credit: 7,508,002 RAC: 20 |
... around 55 to 60% of all my spending is for taxes. ... Is the USA going the way of Byzantium? (Then again, is Greece still suffering the ways of Byzantium?) Regards, Martin See new freedom: Mageia Linux Take a look for yourself: Linux Format The Future is what We all make IT (GPLv3) |
Lint trap Send message Joined: 30 May 03 Posts: 871 Credit: 28,092,319 RAC: 0 |
Then there's Estonia's Flat Tax (and other countries,too). IIRC, Estonia started with a 20% tax and they have been reducing it yearly since. http://www.cato-at-liberty.org/2007/04/18/estonias-flat-tax-leads-to-economic-boom/ Martin |
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