Current European Tax Rates - Jialat

[Scb11980]

Current European Tax Rates

 

The tax figures below are real, factual, basis, ...... ?

A wake up call huh ?

 

United Kingdom

 

Income Tax: 50%

 

VAT: 17.5% TOTAL: 67.5%

 

 

France

 

Income Tax: 40%

 

VAT: 19.6% TOTAL: 59.6%

 

 

Greece

 

Income Tax: 40%

 

VAT: 25% TOTAL: 65%

 

 

Spain

 

Income Tax: 45%

 

VAT: 16% TOTAL: 61%

 

 

Portugal

 

Income Tax: 42%

 

VAT: 20% TOTAL: 62%

 

 

Sweden

 

Income Tax: 55%

 

VAT: 25% TOTAL: 80%

 

 

Norway

 

Income Tax: 54.3%

 

VAT: 25% TOTAL: 79.3%

 

 

Netherlands

 

Income Tax: 52%

 

VAT: 19% TOTAL: 71%

 

 

Denmark

 

Income Tax: 58%

 

VAT: 25% TOTAL: 83%

 

 

Finland

 

Income Tax: 53%

 

VAT: 22% TOTAL: 75%

 

 

 

If you've started to wonder what the real costs of socialism are going

to be - once the full program in these United States hits your wallet,

take a look at the table. As you digest these mind-boggling figures,

keep in mind that in spite of these astronomical tax rates, these

countries are still not financing their social welfare programs

exclusively from tax revenues! They are deeply mired in public debt of

gargantuan proportions. Greece has reached the point where its debt is

so huge it is in imminent danger of defaulting. That is the reason the

European economic community has intervened to bail them out. If you're

following the financial news, you know Spain and Portugal are right

behind Greece .

 

 

 

The United States is now heading right down the same path. The VAT tax

in the table is the national sales tax that Europeans pay. Stay tuned

because that is exactly what you can expect to see the administration

proposing after the fall elections. The initial percentage in the

United States isn't going to be anywhere near the outrageous numbers

you now see in Europe . Guess what. the current outrageous numbers in

Europe didn't start out as outrageous either. They started out as

minuscule - right around the 1% or 2% where they will start out in the

United States . Magically, however, they ran up over the years to

where they are now. Expect the same thing here.

 

 

 

It is the very notion that with hard work and perseverance, anybody

can get ahead economically here in the USA . Do you think that can

ever happen with tax rates between 60% and 80%? Think again. With the

government taking that percentage of your money, your life will be

exactly like life in Europe ... You will never be able to buy a home.

You will never buy a car. You will never send your children to

college. Let's not shuffle the battle cry of the socialists under the

rug either. It's always the same cry. Equalize income. Spread the

wealth to the poor (whoever they are). Level the economic playing

field. Accomplish that and everything will be rosy.

 

 

 

It's time to take a really hard look at reality. Greece is a perfect

example. Despite the socialism system that has ruled this country for

decades, with a 65% tax rate, they are drowning in public debt, would

have defaulted without hundreds of billions in bailout money from the

EU, and still. . . 20% of their population lives in poverty. What has

all that socialism money bought, besides ultimate power for the

politicians running the show? Do you think these people are "free"?

They're not. They are slaves to their economic "system."

 

 

 

[Unidentified]

their taxes has all along being high compared to here.but do you know their social welfares are almost heavenly.with cheap houses and cars.no fear of paying arms and legs of going into hospital for surgery and what's not.

how about here?a certain ministar still have the audacity to "smoke" sinkies that his heart bypass costs him less than $10.

 

anyway,their pay are higher than here as well,so not much of difference.a similar job wages there is more than double what's being paid here.*ok correction here,except the pay of their ministars.

Edited March 28, 2012 by Unidentified

[Old-driver]

their taxes has all along being high compared to here.but do you know their social welfares are almost heavenly.with cheap houses and cars.no fear of paying arms and limbs of going into hospital for surgery.

how about here?a certain ministar still have the audacity to "smoke" sinkies that his heart bypass costs him less than $10.

 

anyway,their pay are higher than here as well,so not much of difference.a similar job wages there is more than double what's being paid here.

But there are social ills that come with this... people living off the benefits and not seriously looking for work while those who work ae feeding these people off

 

[Alpha78]

Greece is a different animal. Remembered reading somewhere that despite the high tax rate, most people in Greece do not pay income taxes, due to the "honesty" system where nobody bothers to verify the tax filings. You can see those tycoons, who made their money through shipping and other trades, paying almost no income taxes, yet have villas in the outskirts of Athens.

 

With inadequate income tax collections, they crack under the public debt.

[Royho1979]

A lot of people like to look at Europe's transparent and high tax rates and feel good about themselves. I do not even want to go into my belief that CPF is a tax, but lets look at the indirect taxes Singaporeans pay.

 

1) COE, ERP and Road tax. Everyone pays for COE not just the car owners. Your taxi rides bus rides, your postal rates, your hawker food prices all rise because of COE. So you pay that this.

 

2) Water and Electrical Tariffs. Most exp electricity rate in the world if I remember correctly. Surely there are small countries like us who are not subsidising electrical tariffs and charge less (Hong Kong?)

 

3) GST. Implemented across the board unlike other countries where non-basic goods are exempted. Before people complain that the admin cost to isolate certain goods is too high, do not forget we just waived GST for gold trading. The reason being we want to be a finance hub? Didn't we aspire to be a medical hub? Why not waive medical linked GST?

 

4) Alcohol and Cigarette taxes. Massive taxes rates on these. Sure we dun smoke and drink, but the people who do and are able to price their services and goods would inflate their prices so they can afford these. Your carrot cake uncle who smokes and sell killer carrot cake would charge you more to support his lifestyle.

 

5) Fuel tax. Everyone uses transport that runs on petrol or diesel.

 

In many countries, fuel and electricity are subsidize. While we are taxed. So are we really paying very little tax?

Edited March 28, 2012 by Royho1979

[Scion]

that's the price to pay after years of spending on credit, the future money!

[Unidentified]

if GST were to help the poor and unfortunate then why are there always charity shows coming up to ask for donations?

where are billions collected in GST gone to?

 

[Royho1979]

But there are social ills that come with this... people living off the benefits and not seriously looking for work while those who work ae feeding these people off

 

By your logic, because there are soldiers who abuse the system and keng to avoid training, we should not allow anyone to report sick? Taking care of the less able is very basic. Just because there are people who abuse the system, we should deny welfare to all?

 

We just saw Sun Xu who is an ungrateful scholar. Should we scrapp all scholarship then?

 

What you just wrote in your post is a skewed doctrine propagated by the media. In fact after the NKF fiasco, our PAP leaders asked everyone to continue donating to charity, and not allow one incident deny the needy their help.

 

So what is our country's absolute stand on this?

[Donut]

But there are social ills that come with this... people living off the benefits and not seriously looking for work while those who work ae feeding these people off

 

There are problems that comes with welfare system. It breeds laziness in the people. The $$ has to come from somewhere to feed this welfare system. And where is it gonna to come from? Surely it will not drop from the sky into the government's hands. They bloody tax the people for it. And the ppl gets lazy to work and the government has to feed them.

 

i still prefer our SG system, really. I may not be a 100% supporter, but about welfare system, i think we are doing a good job. Of coz it still needs some improvements, to benefit the poor and needy. Surely, we can afford to give more to the poor and needy who really need more help from government. And I wan to see more tax $$ going to help with our medical costs.

 

The only grievance i have about our government is the transparancy on how they spend our tax money. On what? how they spend? Why are they spending on certain things? What about the poor and needy?

 

As for the working people, we got to pay taxes, no matter what. Money will not drop from the sky nor grow from money plants.

[Unidentified]

By your logic, because there are soldiers who abuse the system and keng to avoid training, we should not allow anyone to report sick? Taking care of the less able is very basic. Just because there are people who abuse the system, we should deny welfare to all?

 

We just saw Sun Xu who is an ungrateful scholar. Should we scrapp all scholarship then?

 

What you just wrote in your post is a skewed doctrine propagated by the media. In fact after the NKF fiasco, our PAP leaders asked everyone to continue donating to charity, and not allow one incident deny the needy their help.

 

So what is our country's absolute stand on this?

 

what has the gahment themselves done to help the poor or needy except appearing as VIP on those show?maybe occasionally they donate like 500k or 1mil for wayang sake.

the GST collected billions.what's 500k or 1 mil?as claimed by a ministar,GST is to help the poor and unfortunate but seems like not even more than 10% of it are channeled to charities.

can the gahment come out and honestly reveals how much GST is being channeled to charities?

Edited March 28, 2012 by Unidentified

[Scion]

GCT once rebutted JBJ that if Singapore became a welfare state, it'd be destroyed after 2 elections

[:|]

[Old-driver]

There are problems that comes with welfare system. It breeds laziness in the people. The $$ has to come from somewhere to feed this welfare system. And where is it gonna to come from? Surely it will not drop from the sky into the government's hands. They bloody tax the people for it. And the ppl gets lazy to work and the government has to feed them.

 

i still prefer our SG system, really. I may not be a 100% supporter, but about welfare system, i think we are doing a good job. Of coz it still needs some improvements, to benefit the poor and needy. Surely, we can afford to give more to the poor and needy who really need more help from government. And I wan to see more tax $$ going to help with our medical costs.

 

The only grievance i have about our government is the transparancy on how they spend our tax money. On what? how they spend? Why are they spending on certain things? What about the poor and needy?

 

As for the working people, we got to pay taxes, no matter what. Money will not drop from the sky nor grow from money plants.

I am with u on your views. In fact, I am for the local system and it is doing pretty well economically so far. There are no fool-proof systems where everyone is happy. U gain some, u lose some

[2009k]

Any aid should only exist and will only be useful if it eradicates what it was setup for.

 

If aid and scheme do not eradicates the underlying root cause, it merely delays the eventual...

 

 

I do not think it is the type of governing system that points to success or failure.

 

Cultures and civilizations come and go, I would attribute it to the fact that the current generation's selfishness, and over-consumption into the wealth of the next few generations, is the main culprit to extinction...

[Chongster]

these are the figures for the highest tier tax.

 

after factoring COE and OMV and ARF and ERP, how much does a average car owning joe like me pay in tax?

[Royho1979]

I am with u on your views. In fact, I am for the local system and it is doing pretty well economically so far. There are no fool-proof systems where everyone is happy. U gain some, u lose some

 

Economically rich.. Socially empty. There is more to life than money and more to a country than GDP.

 

 

[Freestylers09]

local system is better overall

 

coz the tax imposes is the wants..Cars especially

 

imagine 10 years without paying such high taxes..i can do alot things to cover so call hidden tax in Sg..

 

if u dun enjoy the social benefits..u are feeding others..i didnt know we so charity lol

[Royho1979]

local system is better overall

 

coz the tax imposes is the wants..Cars especially

 

imagine 10 years without paying such high taxes..i can do alot things to cover so call hidden tax in Sg..

 

if u dun enjoy the social benefits..u are feeding others..i didnt know we so charity lol

 

You think the COE, ERP, Road tax dun impact the price of the necessities in life that you pay for? You sure you dun pay for ERP, COEs.. etc indirectly?

[Chewbacca]

A lot of people like to look at Europe's transparent and high tax rates and feel good about themselves. I do not even want to go into my belief that CPF is a tax, but lets look at the indirect taxes Singaporeans pay.

 

1) COE, ERP and Road tax. Everyone pays for COE not just the car owners. Your taxi rides bus rides, your postal rates, your hawker food prices all rise because of COE. So you pay that this.

 

2) Water and Electrical Tariffs. Most exp electricity rate in the world if I remember correctly. Surely there are small countries like us who are not subsidising electrical tariffs and charge less (Hong Kong?)

 

3) GST. Implemented across the board unlike other countries where non-basic goods are exempted. Before people complain that the admin cost to isolate certain goods is too high, do not forget we just waived GST for gold trading. The reason being we want to be a finance hub? Didn't we aspire to be a medical hub? Why not waive medical linked GST?

 

4) Alcohol and Cigarette taxes. Massive taxes rates on these. Sure we dun smoke and drink, but the people who do and are able to price their services and goods would inflate their prices so they can afford these. Your carrot cake uncle who smokes and sell killer carrot cake would charge you more to support his lifestyle.

 

5) Fuel tax. Everyone uses transport that runs on petrol or diesel.

 

In many countries, fuel and electricity are subsidize. While we are taxed. So are we really paying very little tax?

 

Exactly. And don't forget stamp duty.

 

Frankly, just look at COE.

 

You're taxed at least 5K a year. And then the vehicle take. Which, what, 2K a year for a mid sized, non luxury sedan.

 

And then you have how unaffordable housing is right now.