US Tax

[visionary]

Subject: TAX CUTS

www.taxfoundation.org/publications/show/151.html

1-Taxes under Clinton 1999
2-Taxes under Bush 2008

1-Single making 30K - tax $8,400
2-Single making 30K - tax $4,500

1-Single making 50K - tax $14,000
2-Single making 50K - tax $12,500

1-Single making 75K - tax $23,250
2-Single making 75K - tax $18,750

1-Married making 60K - tax $16,800
2-Married making 60K- tax $9,000

1-Married making 75K - tax $21,000
2-Married making 75K - tax $18,750

1-Married making 125K - tax $38,750
2-Married making 125K tax $31,250

[ChavaK]

Subject: TAX CUTS

www.taxfoundation.org/publications/show/151.html (http://www.taxfoundation.org/publications/show/151.html)

1-Taxes under Clinton 1999
2-Taxes under Bush 2008

1-Single making 30K - tax $8,400
2-Single making 30K - tax $4,500

1-Single making 50K - tax $14,000
2-Single making 50K - tax $12,500

1-Single making 75K - tax $23,250
2-Single making 75K - tax $18,750

1-Married making 60K - tax $16,800
2-Married making 60K- tax $9,000

1-Married making 75K - tax $21,000
2-Married making 75K - tax $18,750

1-Married making 125K - tax $38,750
2-Married making 125K tax $31,250

Either way, taxes are too outrageously high...
especially if you add in state taxes, property
taxes, sales tax, gas tax, etc etc.:mad:
It's a wonder we have enough left over to live on!

[HaReb]

Try living in the UK - we now have stealth taxes (taxes through the back door) for example, the UK Govt takes 40% of all housing rents received by local authorities - if you happen to live in a property owned by a Housing Association this doesn't apply. Now we begin to see why local authority housing is in such a bad state compared to Housing Association property! Guess what, it's the poorest that live in local authority housing!

As a minister I get mileage allowance for using my own car on business. Petrol has gone through the roof in costs here (its about $2.20 a litre) but the amount I am allowed to be paid has stayed the same for the past 4 years! I am also paid a small annual amount in recognition of the fact that I own a depreciating car that must be taxed and insured as well as servicing the loan (interest) to buy it - sounds great, except that the payment has to be taxed!

If the house that goes with my job is decorated or changed internally (but not structural changes) while I am living in the house, by the trust that owns it, I have to pay tax on the amount spent on the decorating or changes made - if they change the curtains or carpets I have to pay tax on it. If it is done before I move in or after I have moved out I do not pay any tax on that work. If I make private phone calls on their phone I have to pay tax on that plus tax on their rental of the line.

If the fellowship have a collection and give me a love gift - I have to pay tax on it. And so it goes on and on. Ministers now have a special tax return they have to fill in!

Come and live here!

[Talmidah]

Try living in the UK - we now have stealth taxes (taxes through the back door) for example, the UK Govt takes 40% of all rents received by local authorities - if you happen to live in a property owned by a Housing Association this doesn't apply. Now we begin to see why local authority housing is in such a bad state compared to Housing Association property! Guess what, it's the poorest that live in local authority housing!

As a minister I get mileage allowance for using my own car on business. Petrol has gone through the roof in costs here (its about $2.20 a litre) but the amount I am allowed to be paid has stayed the same for the past 4 years! I am also paid a small annual amount in recognition of the fact that I own a depreciating car that must be taxed and insured as well as servicing the loan (interest) to buy it - sound great, except that the payment has to be taxed!

If the house that goes with my job is decorated or changed internally (but not structural changes) while I am living in the house, by the trust that owns it, I have to pay tax on the amount spent on the decorating or changes made - if they change the curtains or carpets I have to pay tax on it. If it is done before I move in or after I have moved out I do not pay any tax on that work. If I make private phone calls on their phone I have to pay tax on that plus tax on their rental of the line.

If the fellowship have a collection and give me a love gift - I have to pay tax on it. Ans so it goes on and on. Ministers now have a special tax return they have to fill in!


:eek:

[visionary]

Tax payments....Are they nuts?? We may be taxed for income but not for spending.

[ChavaK]

We may be taxed for income but not for spending.

Sure we are....it's called a "sales tax" ;)

[ChavaK]

Try living in the UK
Yeah, I've heard that the UK has had huge taxes for years...

the UK Govt takes 40% of all housing rents received by local authorities
Is this on top of whatever income taxes have to be paid?


if you happen to live in a property owned by a Housing Association this doesn't apply. Now we begin to see why local authority housing is in such a bad state compared to Housing Association property! Some larger US cities have a similar problems with rent control.
Once a tenant is in an apartment, the rent cannot be raised .
Needless to say the apartments can often end up slums because
the landlord is loosing money to start with by having such a
low income from the rent, and he is not about to fix up or
maintain the buildings any more than he absolutely has to
to make the place livable.



As a minister I get mileage allowance for using my own car on business. Petrol has gone through the roof in costs here (its about $2.20 a litre) but the amount I am allowed to be paid has stayed the same for the past 4 years! my husband uses his car
for business, gas and insurance and maintenance has gotten
very expensive, but the deduction for it hasn't changed much.

If the house that goes with my job is decorated or changed internally (but not structural changes) while I am living in the house, by the trust that owns it, I have to pay tax on the amount spent on the decorating or changes made - if they change the curtains or carpets I have to pay tax on it.Absolutely nutty....

Come and live here!No thanks! ;)

[ElsanRandiMom]

Subject: TAX CUTS

www.taxfoundation.org/publications/show/151.html

1-Taxes under Clinton 1999
2-Taxes under Bush 2008

1-Single making 30K - tax $8,400
2-Single making 30K - tax $4,500

1-Single making 50K - tax $14,000
2-Single making 50K - tax $12,500

1-Single making 75K - tax $23,250
2-Single making 75K - tax $18,750

1-Married making 60K - tax $16,800
2-Married making 60K- tax $9,000

1-Married making 75K - tax $21,000
2-Married making 75K - tax $18,750

1-Married making 125K - tax $38,750
2-Married making 125K tax $31,250
question is what taxes were raised during the same administrations (I'm sure there were raises in both as well). That's the only true comparison (seeing tax breaks AND added taxes at the same time)

[HaReb]

Is this on top of whatever income taxes have to be paid?


This is just the national government taking 40% of the income local authorities get from the rents paid by people in the authorities' housing.

It doesn't affect private rented property in the same way.

Income tax is levied on every adult depending on their earnings - the lower limit of only 10% on the first few thousand has just been abolished so everyone pays the same basic rate of 22% on the income they earn. A lower, tax free figure exists (your personal allowance) but once you exceed that you have to pay tax. The high earners, of which there are not too many, pay at about 40%! Council tax is an extra charge on every home though there are a few reliefs for the elderly, poor and invalids. VAT (sales tax) is levied on most things that you need to buy except basics like many foodstuffs, some children's clothing etc. that is set at 17.5%. So your income is taxed, your spending is taxed and your home is taxed - and most things inbetween, too. Under this government taxes, both direct and indirect have gone up by leaps and bounds - and there seems no end to it or to their ingenuity in dreaming up new taxes we have never thought of! We now have a tax of $30 (to put it into your currency) that is imposed on top of every fine levied by the courts in this country in regard to non-civil cases, so a $60 fine means you actually pay $75 - I tell you everything here is taxable!

If you import goods above about $80 the chances are you will have to pay Duty - a varied rate tax depending on what you buy and from where you buy it. Then you have to pay VAT (sales tax) on the value of the goods + the value of any duty imposed. So, if you bought something at $100 and the duty was $20 you would have to pay $141 in total - we pay one tax on what is essentially another tax!

[HaReb]

1-Married making 125K - tax $38,750
2-Married making 125K tax $31,250


The average Brit on $125000 would pay about $31000 income tax (assuming no other deductions for pension payments, business losses etc etc). I don't think there is a distinction between married or single, normally.

[Lulav]

:D My husband has to pay a tax on me because I don't work outside of the home!

[ChavaK]

:D My husband has to pay a tax on me because I don't work outside of the home!

Well, then go get a job!!!!! :D:D

[HaReb]

And she can't even eat her own nation's greatest food export, to the UK at least!

[Lulav]

And she can't even eat her own nation's greatest food export, to the UK at least!I'm guessing that would be wheat? ;)
Yes, tis true, and I have to buy special foods, not to mention I have to make many things that others take for granted to buy at the store, myself. Even if I do make/bake myself the ingredients usually are three times or more costly than the gluten containing items.

For comparison, a loaf of bread here would be around $2.50, whereas my loaf to buy would be around $6 or more, depending on where you can find it. To make It still costs me around $4-$5 depending on what recipe I use and it's usually the latter as I have to make it nutritious enough and bean flour, and nut flours aren't cheap.

So I have many jobs already being head baker and chef and Domestic Engineer ;) here , but they aren't well paying, In fact I have two of the lowest paying, Judaic Artist ( though thanks to my husbands well paying job I am not starving but would be if I depended on selling my works.:) ) and independent Minister. But the rewards are unsurpassable!

[HaReb]

Lulav,
I was thinking of bacon, actually!

[Talmidah]

Lol!!!!

[Lulav]

Lulav,
I was thinking of bacon, actually!Yikes, that's our biggest export to the UK! :eek: Didn't know that, I don't even think about it, except to avoid it. I thought since you were singling me out that it had to be celiac related. :blush:

I just got sick recently eating a few tiny pieces of Kosher frank so that is what is on my mind, most Kosher is not fit to eat for me. :swoon:

I guess I am so into cleaning for passover and I just got done late, last night making my own GF matzoh that bread is on the mind!

[HaReb]

Lulav,

Sorry didn't know about the other issues in your diet! Danish Bacon is one of the major suppliers of the stuff in the UK.

[Lulav]

Opps, double snaffu here, I am in the US, but I have the flag up in honor of my Danish grandmother, it's a long story. Many fly the Israeli flag yet aren't from Israel. Actually my grandmother was from Denmark and grandfather from England. :) though I'm sad to hear that Denmark's biggest export is pork , but maybe that's a good thing, export it and get it outta there, though I doubt that. Last I heard, 'those who don't eat pork' weren't very welcomed there. :(

[HaReb]

Interesting info, Lulav. I think the Danes also export a lot of beer to the UK.

I really am, as my flag says, from England, but I guess you can stick whichever flag on your info and no one would know any different. I haven't found another Brit on the site, yet, though I'm sure there may well be some, somewhere -either as resident here or as ex-pats elsewhere.

[Lulav]

Then you haven't met cyberlizard and his wife, zaksmummy yet here have you?

[HaReb]

I've made contact by pm - thanks for the info!

[dvd_holc]

Lets see worse case:

Schedule X — Single


If taxable income is over-- But not over-- The tax is:

$0-$7,550: 10% of the amount over $0
$7,550-$30,650: $755 plus 15% of the amount over 7,550
$30,650-$74,200: $4,220.00 plus 25% of the amount over 30,650
$74,200-$154,800: $15,107.50 plus 28% of the amount over 74,200
$154,800-$336,550: $37,675.50 plus 33% of the amount over 154,800
$336,550-no limit: $97,653.00 plus 35% of the amount over 336,550

Social Security and Medicare taxes
Social Security taxes
Employee/employer (each) 6.2% on earnings up to $102,000
Self-employed 12.4%* on earnings up to $102,000

Medicare taxes
Employee/employer (each) 1.45% on all earnings
Self-employed 2.9%* on all earnings

Then there is State Tax:
mine is over $50,000$2,667 + 7%


But then when you buy groceries it is additional tax of 7.5-8.5%
not to mention all the special taxes with you own things, live in certain areas, and buy special things.

So taxes are around (worse case): 35+2.9+12.4+8=58.3%
so as a rough estamite we give up more than half of what we make to taxes

[Torah613]

Now if we could just get something back for all those taxes we are paying in...

I know there are good programs that do perform good work with government money. However, there is certainly alot of fat to be cut--particularly the higher up you go.

(Not to mention its simple economic theory that the less taxes you collect the more tax revenue you actually have).

Yochanan
Enraged libertarian

[Lulav]

All you US citizens are aware of this aren't you?

Tax Stimulus (http://www.irs.gov/irs/article/0,,id=177937,00.html)

Updated March 10, 2008
Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17. Millions of retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return must do so this year in order to receive a stimulus payment.

[HaReb]

Can you get George to enlighten Gordon on this?

[Lulav]

Gordon? Is that the name of your new PM? Sorry, I am not a political animal. :blush:

Thing is, GW put this in to legislation to help the economy of the US, but I will be using ours to support Israel by sending some there and saving some to go myself. ;) So if he doesn't want to support Israel one way he will another! :D

[Torah613]

All you US citizens are aware of this aren't you?

Tax Stimulus (http://www.irs.gov/irs/article/0,,id=177937,00.html)
same ole same ole really. Just trying to ward off a recession. What will happen with that stimulus is increased inflation, and ultimately increased taxes. It works like this--give a sugar cube with one hand, harnass with the other.

Not saying its a bad thing really. I for one will enjoy the extra money, but 600 smackaroos really isn't all that much considering how much is taken.

Yochanan

[visionary]

It is taxable income for 2008 tax time.

[visionary]

Gordon for Britain

[HaReb]

Gordon for Britain


Traitor! What makes you think WE want him?

[Lulav]

same ole same ole really. Just trying to ward off a recession. What will happen with that stimulus is increased inflation, and ultimately increased taxes. It works like this--give a sugar cube with one hand, harnass with the other.

Not saying its a bad thing really. I for one will enjoy the extra money, but 600 smackaroos really isn't all that much considering how much is taken.

YochananAll too true, but like I said, I'm doing my part to not help the economy, at least here. ;)