On a roughly comparable dollar to pound ratio, I pay about the same approximate 40% percentage out of my paycheck directly for Federal, State, SS and other taxes. That's before the additional 10% sales tax I pay on nearly everything, the 40% sin taxes on some items and on gasoline, the taxes and fees on my phone, cable and utility bills, etc. There are no tax breaks or write-offs I can take to reduce my taxes. If I bought a property, I could save some in Federal taxes, but a lot of what I saved would be taken in property taxes and related assessments.
Kakki > re tax: i was working out our finances the other day(john's salary mainly!) > and worked out he pays 20,000 pounds per year in taxes! Out of 54,000 > salary.
