Pete, The 10% rate is up to a low fixed amount of total salary (£2.5K), after that you pay the standard 20% rate up to the top threshold (£36K) whereafter you pay another higher rate of 40%.
What you have to realize though in the UK is that you also have an additional 15% National Insurance tax on top of all this which is just a stealth tax added but not shown in the standard rate. So dont think we aren't paying a lot of tax over here. The average house price here in the UK is now above £320K for a small 2 bedroomed property and they take what is called Stamp Duty (another tax) off you when you buy anything. The amounts are 1% between to £125K and £250K and a massive 3% above £250K and then 4% above £500K. We are without doubt THE most taxed country I know of especially when you consider that petrol has now passed the $11 (dollars) a gallon barrier and sales tax on everything is 17.5% - and it has been like this for years. Stop whining because you are paying, what $3.50 (I guess) for a gallon? You guys have it easy. Unfortunately us poor b*stards over here are now in the situation that we are paying for all the bad sub-prime lending that your financial institutions have made despite it not being our fault. Mortgages are up at about 7.5% and rising - if you can find anyone to lend you the money, so stop bleating, you dont know how "untaxed" you really are. Welcome to the real world which, I might add, your government continue to screw up and expect everyone else to pick up the tab for. Still, we can all have cheap holidays in the USA once our houses get repossessed. Perhaps you should send all your fat b*stards over here to live for a while as they would soon loose weight by being unable to afford to buy food. Then again maybe not - we might sink. Dave Crozier -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Pete Theisen Sent: 24 April 2008 11:32 To: ProFox Email List Subject: [OT] Whining over 10p tax rate? Hi Everybody! WTF? In the states where there are taxes on everything but your p*nis, perhaps even that, we pay a minimum of 30%, usually much more. Maybe the 10p tax rate means something other than 10%? http://answers.yahoo.com/question/index?qid=20080421105117AAVIKet -- Regards, Pete http://www.pete-theisen.com/ [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
