Income Tax Gifts Uk
February 12th, 2008
Question: What bills do Americans pay? What state are you in?
In the UK we pay –
*income tax & ntional insurance (directly from our wages/salaries) graduated from 22% up depending on how much you earn.
*stamp duty on property
*council tax (graduated depending on where you live)
*excise tax/duty on foriegn products
*road tax (on vehicles – graduated on engine size)
*inheritence tax (on anything we inherit over about £250k)
*Road/bridge/tunnel tolls
*goods & service tax or VAT 17.5% (supposedly Value Added Tax) on anything brought in shops and any services (bills, etc) – businesses can claim this back
*TV Licence (anyone who owns a TV or radio)
*IRS (inland revenue service) – taxing our leftovers
*watercraft registration/boat tax
*vehicle license registration tax
*fuel permit tax
*fishing licence tax
*Gift tax
*building permit tax
*cigarette/alcohol tax – stamp duty (as well as VAT)
*corporate income tax (employer tax) approx. 40%not to mention all the hidden taxes, such as court fines, traffic fines, and many more…..
Answer: Well, here in Michigan, I pay:
Income Tax-state level
Sales Tax-state level
Social Security Tax-federal
Income Tax-federal
property tax-state
gasoline tax-state and federal
registration tax on any vehicle-state
communications tax on cell phone- federal
cigarette tax-state
alcohol tax-statethere are probably more that I pay that I don’t know are taxes too.
energy tax-state (and maybe federal?)
fishing liscense tax-state
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