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Posted

http://www.bnd.com/2011/01/12/1547913/ill-faces-66-percent-tax-boost.html?storylink=addthis

 

I  think asap im moving out of state....this is bullshit and completely ignorant.



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Posted

yep, they need more of our money so they can waste it again, it makes no since, even mayor Daily (who is no better then the rest of them) said it was crazy. you think they work on getting more people to work so there be more taxs to get form that! but thats too much work for them lazy fucks. easier just to take it from us!



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Posted

even clayborne said yes... he lives less than a mile from me.. but hes in his nice kushy house and doesnt realize wtf is really going on !!



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Posted

Am I reading this right?  You currently pay THREE percent income tax and the rise would take it to FIVE?  Do US workers have to pay any additional income tax to central government on top of that?

 

The Basic Rate in the UK that everyone pays is 20%, rising to 40% for earnings over £37,400 and 50% on earnings over £150k.

 

Workers also pay a national insurance tax on top at 11% so everyone says goodbye to 31% of what they earn before they get to spend any of it (and that doesn't include local council taxes that fund local services - variable according to area and size of the house you live in.)

 

Our main indirect valued-added (sales) tax has just risen to 20%.  I filled up with fuel tonight and paid the equivalent of US$ 7.76 per (US) gallon.  How does that compare with 'gas' prices over there?



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Posted
DEEJAYKEG

Am I reading this right?  You currently pay THREE percent income tax and the rise would take it to FIVE?  Do US workers have to pay any additional income tax to central government on top of that?

 

The Basic Rate in the UK that everyone pays is 20%, rising to 40% for earnings over £37,400 and 50% on earnings over £150k.

 

Workers also pay a national insurance tax on top at 11% so everyone says goodbye to 31% of what they earn before they get to spend any of it (and that doesn't include local council taxes that fund local services - variable according to area and size of the house you live in.)

 

Our main indirect valued-added (sales) tax has just risen to 20%.  I filled up with fuel tonight and paid the equivalent of US$ 7.76 per (US) gallon.  How does that compare with 'gas' prices over there?

That's State Tax they're talking about.  Of course theres Federal taxes too, which is more



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Posted

DJ

 

Most USworkers have the following deductions from their wages, based on an income ofaround $50,000, which was the national average in 2009

 

 

Federal Income Tax                                                              Basedon income: goes from lowest at 10% (up to $17000 for a family) to 35% (above $374K)

 

State Income Tax                                                                  Approx4.2% here in Michigan,varies state to state. Some have no state tax but charge higher sales taxes,some are a flat rate, some are incremental based upon income level

 

FICA (FederalInsurance Contributions Act) Tax                 6.2%on the first $110k you earn

Medicare Tax                                                                                    1.45%

City Tax  Some cities charge a tax to their residents or workers - Detroit (where I live close to is, I think, 2.5%)

 

Other deductions

Retirement plan deductions                                                 voluntary,but most employers in the USdo not provide a pension plan and the government one (Social Security) is ajoke and most likely will be bankrupt in 15 years

 

Health Care premiums                                                         Upuntil now there is no government supplied medical care for most Americans soemployers provide it. Some cover all the cost but most require the employee topay a portion of it – mine is around $140 per month for my family, which I amtold is mid-range

 

That’s the pay check deductions. Then there are:

 

State Sales tax

Every state is different

Highest is California,which is 8.75%

Lowest is 5 states that have no state sales tax (Alaska, Delaware, Montana, N. Hampshire and Oregon)

 

 

So here in Michigana person on the median income would pay

 

Fed                              15%

State                            4.1%

FICA                           6.2%

Medicare                     1.45%

 

Total                            26.75%

 

Sales tax is 6%, by the way, but not on everything (unprepared food is exempt, for example)

 

 

We are taxed lower than the UK, but its all relative. The countries with the higher tax rates tend to supply more services than the ones with the lower ones. In the UK everybody expects the government to supply everything, like for example, health care.

In the US most people have to supply these things for themselves (like through employment benefits), but the tax rates are lower so its a trade off

 

Either way, taxes are too high in both places as the governments are the worst money managers in the world. If they ran a business like they run the country it would go under within a year (both places - and I can say that having lived in both)

 

Hope that explains it a little clearer

 

People who live here please correct me if I am wrong as I usually am  SmileSmileSmileSmileSmileSmileSmileSmileSmileSmileSmileSmileSmileSmile



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Posted

That's ok...Wisconsin already loves us for sending all the business their way. Gosh, what a concept.....increasing manufacturing and service growth...or....increasing taxes and using gambling for revenue. Welcome to the land of Fucked Without a Kiss.

I'm one pissed off Illinois boy.




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Posted
DEEJAYKEG

Am I reading this right?  You currently pay THREE percent income tax and the rise would take it to FIVE?  Do US workers have to pay any additional income tax to central government on top of that?

 

The Basic Rate in the UK that everyone pays is 20%, rising to 40% for earnings over £37,400 and 50% on earnings over £150k.

 

Workers also pay a national insurance tax on top at 11% so everyone says goodbye to 31% of what they earn before they get to spend any of it (and that doesn't include local council taxes that fund local services - variable according to area and size of the house you live in.)

 

Our main indirect valued-added (sales) tax has just risen to 20%.  I filled up with fuel tonight and paid the equivalent of US$ 7.76 per (US) gallon.  How does that compare with 'gas' prices over there?

Don't worry... we have plenty of politicians in this country are hell-bent on dragging us down to your tax levels and inferior support services (gov't medical,  etc).  We'll be there soon.  NO sense in trying to bring everyone else UP to better standards,  right?

 

LOL  Good Luck,  everyone.



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Posted

So, what's the gas (petrol) price over there at the moment?

 



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Posted

In Detroit it is around $3.25 a US Gallon (about 0.8 Imperial Gallons). I think that is around 2 quid a gallon



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Posted
DEEJAYKEG

So, what's the gas (petrol) price over there at the moment?

 

About $3.20 a gallon (40 miles west of chicago)  saw $3.00 about 90 miles west of the city



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Posted

In Texas we have no State Income Tax. So that helps a bit. $2.89 on the highs side per gallon. But I filled up this morning and found a station that was $2.79 per gallon. So my math is crap tonight. I know a liter is about .3 of one gallon. But not sure what the Pound exchange rate is right now or what a Liter of petrol in the UK cost right now.

 



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Posted

wow 3.20 dollar for 1 US gallon , in belgium we pay 6.94 for 1 US gallon diesel .

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Posted

According to a few web sites

 

Most expensive country for gas Germany $11.49 at time of article

Least expensive Venezuela $0.12 at same time

 

If you are ever curious (as it varies from state to state) here is a coo link

 

http://www.gasbuddy.com/gb_gastemperaturemap.aspx



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Posted
chavez
wow 3.20 dollar for 1 US gallon , in belgium we pay 6.94 for 1 US gallon diesel .

Do you have to drive 3000 miles to get across to the other side of your country???

 

Artimus



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Posted

Nah, about 150 miles I think


Posted

 petrol in the UK cost £1.27p  diesel £1.34p  on the 13 01 2011


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Posted
jimp

 petrol in the UK cost £1.27p  diesel £1.34p  on the 13 01 2011

I wish...

 

It seems the further north you go, the cheaper the fuel!

 

129.9p per litre here (unleaded petrol)  (132.5 somewhere, I gather!)

 

I'm glad they're looking at rolling back the tax as things are getting stupid.  If the diesel price rises, so does the price of everything delivered by diesel truck!

 



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Posted
Gorilla>XI<
In Texas we have no State Income Tax. So that helps a bit. $2.89 on the highs side per gallon. But I filled up this morning and found a station that was $2.79 per gallon. So my math is crap tonight. I know a liter is about .3 of one gallon. But not sure what the Pound exchange rate is right now or what a Liter of petrol in the UK cost right now.

You're paying well under half what we pay per US gallon  (US$7.76).

 

We've begun considering disposing of the car completely.  That isn't to say that public transport is a viable alternative - it is shit!

However, when we analyse the long distance journeys that we take, we could continue to make them more economically by hiring a car.

 

Insurance, vehicle excise licence (annual road tax) and maintenance costs (for annual government test - MoT) make vehicle ownership a luxury for the unemployed/retired.  Cost per mile is getting too fuckin' high.

 



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Posted

That's ok...Wisconsin already loves us for sending all the business their way. Gosh, what a concept.....increasing manufacturing and service growth...or....increasing taxes and using gambling for revenue. Welcome to the land of Fucked Without a Kiss.

I'm one pissed off Illinois boy.

 

Your not the only one. I am really pissed off.  Welcome to the land of f..... period



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Posted
window

That's ok...Wisconsin already loves us for sending all the business their way. Gosh, what a concept.....increasing manufacturing and service growth...or....increasing taxes and using gambling for revenue. Welcome to the land of Fucked Without a Kiss.

I'm one pissed off Illinois boy.

 

Your not the only one. I am really pissed off.  Welcome to the land of f..... period

i second the motion!!!!


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