Exchange rate between British pounds and HKD?

[Asthaloth]

Trust me, taxes are bad in the US. Where I work sales tax is now 8cents on the dollar. That means for every dollar you spend buying something, your charged 8cents in tax.

And the US dollar's worth is always changing, but I will agree that its the lowest its been in a long time...prob since the 80's (or a little worse than then). I'm just glad that I'm not an economic historian lol.

and in the US we get taxed on:
having a home
getting a paycheck
buying anything
owning a car

and I know theres a few more things...

10Pence per Pound, minimum.
It's going up to 20% soon.

Course that's on Income tax, we then have national insurance (11%) VAT (17.5%) Corporation tax (30%) Duties (Can't find the rate) Stamp duty (0.5% - 4%) Inheritance tax (40%) Fuel duty (0.5%, in addition to VAT) and... well. About a hundred others I don't care to explicitly list right now.


Care to reiterate you opinion?
I'm not meaning to be Aggressive about this, I just want you to realise that your taxation is... nothing.

[Rachel]

I have to say, i really dont think in the grand scheme of things there is much difference to how much you get taxed between the US and the UK.

Other than if you leave the UK you don't have to pay tax there anymore, and correct me if i'm wrong, even if you're not resident in the US there are some state taxes you still have to pay?

[Asthaloth]

I was merely pointing out that, while our economy is incredibly strong, we get taxed so much that it's pretty much irrelevant anyway.
I think that was my point, anyway. Insomnia does funny things to my memory and I made my original point a couple days ago.

[MarchingDuck]

I have to say, i really dont think in the grand scheme of things there is much difference to how much you get taxed between the US and the UK.

Other than if you leave the UK you don't have to pay tax there anymore, and correct me if i'm wrong, even if you're not resident in the US there are some state taxes you still have to pay?

lol you can try to escape US taxes...but look what happened to Snipes. They put you in prison for years. The IRS scares the beejeebus out of people. I just let my mom file my taxes.

and with the US taxes I dont even know what all we're taxed on anymore...I'm just so used to paying out the butt for stuff. And its different from state to state. California has a much higher sales tax than Missouri does...and even in Missouri townships create their own sales tax rates. So its 7cents where I live and 8cents where I work.

[Mongrel]

I have to say, i really dont think in the grand scheme of things there is much difference to how much you get taxed between the US and the UK.

It's difficult to measure, really. In the US you may pay lower taxes overall, but the capitalist system means that you have fewer government programs to help you reduce your costs. Just factoring in the health care difference really complicates the comparison.

[Igg]

Trust me, taxes are bad in the US. Where I work sales tax is now 8cents on the dollar. That means for every dollar you spend buying something, your charged 8cents in tax.

And the US dollar's worth is always changing, but I will agree that its the lowest its been in a long time...prob since the 80's (or a little worse than then). I'm just glad that I'm not an economic historian lol.

and in the US we get taxed on:
having a home
getting a paycheck
buying anything
owning a car

and I know theres a few more things...

10Pence per Pound, minimum.
It's going up to 20% soon.

Course that's on Income tax, we then have national insurance (11%) VAT (17.5%) Corporation tax (30%) Duties (Can't find the rate) Stamp duty (0.5% - 4%) Inheritance tax (40%) Fuel duty (0.5%, in addition to VAT) and... well. About a hundred others I don't care to explicitly list right now.


Care to reiterate you opinion?
I'm not meaning to be Aggressive about this, I just want you to realise that your taxation is... nothing.

This is cool, it's like reading the Daily Express.

[Regan]

This thread makes me realize just how ignorant I am about the Canadian tax system. Luckily, I won't have to be any income tax until I'm out of university. I do enjoy the money I get from the government for filing my taxed. Muah!

*goes back to paying 5% on goods and services*

[Rachel]

I have to say, i really dont think in the grand scheme of things there is much difference to how much you get taxed between the US and the UK.

Other than if you leave the UK you don't have to pay tax there anymore, and correct me if i'm wrong, even if you're not resident in the US there are some state taxes you still have to pay?

lol you can try to escape US taxes...but look what happened to Snipes. They put you in prison for years. The IRS scares the beejeebus out of people. I just let my mom file my taxes.

and with the US taxes I dont even know what all we're taxed on anymore...I'm just so used to paying out the butt for stuff. And its different from state to state. California has a much higher sales tax than Missouri does...and even in Missouri townships create their own sales tax rates. So its 7cents where I live and 8cents where I work.

now THAT's something i dont understand. why on earth do they add sales tax onto the price of something AFTER the price on the tag. It just makes things confusing. in australia and the uk they have sales tax (GST=10%, VAT=17.5% respectively) but they include that in the price on the tag/shelf. When i was in america i never had ANY idea how much somethign was going to cost me, because obviously it was never what it said on the tag!

[ahoteinrun]

This thread makes me realize just how ignorant I am about the Canadian tax system. Luckily, I won't have to be any income tax until I'm out of university. I do enjoy the money I get from the government for filing my taxed. Muah!

*goes back to paying 5% on goods and services*

Ah ha... a fellow Albertan?

If you earn any money at all you have to worry about income taxes... you just tend to get it back. I got a huge return this past year because I only worked partially due to having finished Uni and only working a half year. It's very very nice. Yay to poverty!

[Regan]

This thread makes me realize just how ignorant I am about the Canadian tax system. Luckily, I won't have to be any income tax until I'm out of university. I do enjoy the money I get from the government for filing my taxed. Muah!

*goes back to paying 5% on goods and services*

Ah ha... a fellow Albertan?

If you earn any money at all you have to worry about income taxes... you just tend to get it back. I got a huge return this past year because I only worked partially due to having finished Uni and only working a half year. It's very very nice. Yay to poverty!

Heck yes! No, I'm in school part time, with child, and shall be in university school for the next four years. It's safe to say that, for now, the government will be paying me. Muahaha

I only meant that, come tax season, I won't be paying anything. I can only imagine what I'll be forking over once I actually have a career.

[MarchingDuck]

I have to say, i really dont think in the grand scheme of things there is much difference to how much you get taxed between the US and the UK.

Other than if you leave the UK you don't have to pay tax there anymore, and correct me if i'm wrong, even if you're not resident in the US there are some state taxes you still have to pay?

lol you can try to escape US taxes...but look what happened to Snipes. They put you in prison for years. The IRS scares the beejeebus out of people. I just let my mom file my taxes.

and with the US taxes I dont even know what all we're taxed on anymore...I'm just so used to paying out the butt for stuff. And its different from state to state. California has a much higher sales tax than Missouri does...and even in Missouri townships create their own sales tax rates. So its 7cents where I live and 8cents where I work.

now THAT's something i dont understand. why on earth do they add sales tax onto the price of something AFTER the price on the tag. It just makes things confusing. in australia and the uk they have sales tax (GST=10%, VAT=17.5% respectively) but they include that in the price on the tag/shelf. When i was in america i never had ANY idea how much somethign was going to cost me, because obviously it was never what it said on the tag!

I know! it makes me crazy. You're forced to basically guess the price...and depending on where you're buying from prices vary since sales tax is different everywhere. Its a huge headache.