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mikea · 01-17-2013, 11:58 AM

Very interested in reading about the proposed 9% hike in local taxes and the possibility of Income Tax introduction. This got me thinking about comparisons with prices here in the UK, perhaps some of you kind people might like to fill in the gaps: -

UK
Income Tax rates and taxable bands
Rate
2012-13 2013-14
Starting rate for savings: 10%*
£0-£2,710 £0- £2,790 (approx $0 - $4,435)
Basic rate: 20%
£0-£34,370 £0-£32,010 (approx $0 - $50,895)
Higher rate: 40%
£34,371-£150,000 £32,011- £150,000 (approx $50,896 - $238,500)
Additional rate: 50%
Over £150,000 N/A (approx $238,500 plus
45% from 6 April 2013
Over £150,000 Over £150,000

Then we have 20% VAT (Purchase Tax) on virtually everything purchased, including services. (few exceptions)

Home owners pay local Council Rates based upon their property value band. This provides the basic local council facilities, police contribution and refuse collection
I currently pay circa £1,440 per annum (approx $2,290)

Then we have horrendous utility prices, electricity, Gas, Water (all plus VAT!)

So what about the basics: -

Gallon of Unleaded Petrol (Gas) £7.00 per gallon (approx $11.00 per Gallon)

Loaf of Standard Sliced Bread £1.70 (approx $2.70)

Pack of 20 Marlboro £7.50 (approx $12.00)

Pint of Beer £3.50 (approx $5.60)

and so it goes on....

So how do you think this compares?

01-17-2013, 11:58 AM	#1
mikea Senior Member Join Date: Jan 2013 Posts: 65 Thanks: 42 Thanked 7 Times in 7 Posts	NH Prices! Very interested in reading about the proposed 9% hike in local taxes and the possibility of Income Tax introduction. This got me thinking about comparisons with prices here in the UK, perhaps some of you kind people might like to fill in the gaps: - UK Income Tax rates and taxable bands Rate 2012-13 2013-14 Starting rate for savings: 10%* £0-£2,710 £0- £2,790 (approx $0 - $4,435) Basic rate: 20% £0-£34,370 £0-£32,010 (approx $0 - $50,895) Higher rate: 40% £34,371-£150,000 £32,011- £150,000 (approx $50,896 - $238,500) Additional rate: 50% Over £150,000 N/A (approx $238,500 plus 45% from 6 April 2013 Over £150,000 Over £150,000 Then we have 20% VAT (Purchase Tax) on virtually everything purchased, including services. (few exceptions) Home owners pay local Council Rates based upon their property value band. This provides the basic local council facilities, police contribution and refuse collection I currently pay circa £1,440 per annum (approx $2,290) Then we have horrendous utility prices, electricity, Gas, Water (all plus VAT!) So what about the basics: - Gallon of Unleaded Petrol (Gas) £7.00 per gallon (approx $11.00 per Gallon) Loaf of Standard Sliced Bread £1.70 (approx $2.70) Pack of 20 Marlboro £7.50 (approx $12.00) Pint of Beer £3.50 (approx $5.60) and so it goes on.... So how do you think this compares?