Presently the upper rate of tax is 40% and VAT is 12.5% both will probably rise in the next year regardless of who wins the election. UK Conservatives also like to tax heavily. Swings and roundabouts really I still have more disposable income than someone with the same level of earnings than in NY or CAQuote from Vista:
No offense, but in the UK aren't you pretty much taxed out the ass because of socialism. Aren't your highest income tax rates around 50% and value added tax (VAT) another 18% on purchases.
These jokers we've got want to take us down the same road. Screw that.
Quote from peilthetraveler:
Wow! 16 votes so far and EVERY one says domestic. The thing is we all have different views in this forum. Some are dems, some are repubs, some are theists, some are atheists, some are rich, some are poor, but we ALL came to the same conclusion so far. What does that say about where this country is heading when we ALL see that this country is going to hell in a handbasket, we just disagree with which party is going to take us there first!
Quote from Dragons Teeth:
Presently the upper rate of tax is 40% and VAT is 12.5% both will probably rise in the next year regardless of who wins the election. UK Conservatives also like to tax heavily. Swings and roundabouts really I still have more disposable income than someone with the same level of earnings than in NY or CA
My bad your right its 15% I had a spreadsheet up at the same time it looks I had number dazzle.Quote from MohdSalleh:
Huh? i dont know where u got 12.5%. VAT is now at 15% temporarily for this year only and will revert back to 17.5 % next year. Also, top tax bracket next year will rise to 50% in the UK. You are right , your shawdow chancellor in the convservative party said even if they came to power, most likely 50% top tax bracket will remain. Funny is so called conservatives party in Uk would not be considered conservative in the USA at all, and labour would jsut be well communist LOL.

Quote from RangeBar:
Since 1950 we are responsible for more civilian deaths on this planet than ALL other MILITARIES and TERRORISTS combined.