why are there different tax rates in uk?
959498
In theory, to make the tax burden fairer on tax payers.\n\nPoor pay less and rich pay more. ie 0% on first c£5000, 10% on next c£2000, 22% on next c£25000 and 40% thereafter.
699543
£1,276.71 a month roughly 23.5% stoppages\n\nhttp://www.listentotaxman.com/index.php?calc=1&year=2006&age=0&add=0&taxcode=&period=1&ingr=20000&Submit=Calculate
1868
how about how tax affects the price level of products and services :P
510245
Maybe it SEEMS so, but you probably don't spend more than 1/3rd of your income on taxes.  Sales taxes are only 5 or 6%; and you get tax deductions for mortgage interest, etc.  The USA has one of the lowest overall tax rates of any modernized country, especially compared to Europe.
203971
Pros, everyone pays the same amount of tax.\nCons, everyone pays the same amount of tax.  (Its all relative, for low income individuals, paying 17% of their income in taxes would be a very large amount, but for a high income individual 17% is more money, but not as much of an issue.)  Just a basic answer.
93206
A flat tax requires that everyone pay the same percentage of their income as taxes.  In response to getting better deductions for higher income, those deductions are created in response to those who think that the wealthy should pay more than everyone else for taxes.  Here in California, the wealthy pay 48% in taxes as opposed to the poor who pay nothing because of their tax breaks.  The wealthy are forced to put their money in tax shelters, thus protecting them from paying taxes.  This forces all of the tax burden onto the middle clase as the poor pay nothing and receive all the benefits and the welthy pay nothing and don't have to worry about where their next mortgage payment is coming from.
228635
There are tax law changes every year. If I were you I would look at last years taxes and this years taxes and see what is so different. Last year you might have been at the very end of one tax bracket and this year your income might have pushed you into a different bracket. If you had them done by someone most places will give you a comparison. If they did it will show you where it changed form last year you this year. If you cant find it there then I would start looking for errors. If you find some correct it with a 1040X. Good luck
299956
With people at the higher tax bracket they get taxed 40% in our country anyway.  Once you add VAT, Fuel Tax, Council Tax, and  all the other taxes, you above 50% already.  Some may hit over 50% tax even if in the lower tax bracket...\n\nAnd whats happens... People pay.
884359
There are in the main three types of tax/duty you may be charged if you import more goods than is your personal allowance when entering the U.K. from a third country (do not confuse this with third-world country). These 'taxes' are:\n\n1. Customs duty. (Applicable to all goods entering the U.K. from countries outside the European Union - calculated as an ad-valorum duty {invoice price abroad + transport/shipping costs +delivery costs}).\n\n2. Excise duty. (Applicable to Tobacco, cigarettes, alcohol, oils etc - calculated by weight, alcoholic strength and volume).\n\n3. VAT. (This is an ad-valorum tax, levied on all goods - in the U.K there are three rates, 17.5% standard rate, 5% reduced rate {domestic gas and electricity} and zero rate {food, childrens clothing, newspapers and books etc. There are also items exempt from tax of which there are few and far between.)\n\nIf you declare the goods at a Customs 'red point' then you may be asked to pay customs duty (depending on where you purchased your goods), you will have to pay excise duty (if they are tobacco or alcohol products) and you will have to pay VAT in addition to customs and excise duty.\n\nAny transgression i.e. using the Green Channel is deemed as smuggling and action will be taken, the least of which is seizure of the goods.\n\nTravelling from the European Union is totally different - there is no onus on the traveller to declare goods purchased in a member state as they are deemed to have paid all relevant European (which includes the U.K.) taxes. However if a traveller is stopped by a Customs Officer and the traveller has excise goods, he or she may be asked by the Officer to account for those goods - if after interview the Officer is satisfied the goods are for resale and/or money or favours have been exchanged for the goods, then the goods and any vehicle used to transport the goods are deemed forfeit to the Crown. (This policy does not include accessionary countries - Poland, Czech Republic etc) \n\nUntil 2005 H.M. Customs and Excise were assigned the collection of this revenue (indirect taxation) and all proceeds from payment of duties and VAT went to H.M. Treasury, detections that resulted in seizure only (some non-EU and all EU seizures) were completed with destruction of the goods. \n\nSince 2005 H.M. Customs and Excise have been combined with the Inland Revenue who dealt with direct taxation (income tax and the like). \n\nAll revenue collected is passed to H.M. Treasury for distrubution to the various Governmental and non-Governmental Departments for use to 'benefit' the public (politicians decide).\n\nHope this helps and give a little more detail - or there again muddies the waters.......
24236
hi prettychele08 plzz state ur country ...cuz i duno if u no that but every country has different rates
701667
£504.30 tax & £380.16 NI per year\n\nCalculator on site below\n\nhttp://www.listentotaxman.com/
436130
I cannot tell you specifically what is different, but each state has different subtractions and additions to income. The tax laws for each state is different. And if you lived in NYC you pay city tax. In some counties their are different tax rates between school districts. In some states military are not taxed but in others they are. Below are the state links to look it up yourself.
37518
http://www.hmrc.gov.uk/\n\nCheck out the Inland Revenue (now HM Revenue and Customs)\n\nYou get a certain allowance tax free each year. Then in goes up in bands dependent on how much you earn. The top band is 40% tax. On top of this you pay 12.5% National Insurance, a form of tax for pension, healthcare, unemployment benifits etc.
65311
I find it completely the opposite way around. What country are you in, I'm in England, and maybe it varies from country to country
985071
You are saving on the VAT which if you bought the coins in the UK would be another 17.5%.\n\nBe carefull as if you sell in the UK you may be liable for duty.
533468
The difference is in the tax system.  While most countries' taxes are calculated as a sort of VAT or other tax INCLUDED in the price, the American tax system is designed as an add-on.  In other words, the tax is only determined after the purchases, and it is not a tax on the item so much as it is a tax on the sale.\n\nThe implication is that it actually costs a few cents less than if the tax were calculated into each item, but on the other hand, it does lead to confusion for those who are not accustomed to the system. \n\nHowever, it is also important, because in the U.S., the sales taxes are not national.  Some states, such as Delaware and New Hampshire, have no sales tax at all.  Thus, it would be pointless to have the tax already included in any sort of national price, because it would cause everyone to have to reprice items in each locale.  \n\nBy the way, not ALL taxes in America are calculated that way.  The gasoline (petrol) tax is included in the price because it is not a sales tax, but instead is a tax on the item.
1108851
£31,000\n\nYou get the first 4-6000 tax free, but im not sure what hte value is. I know its in that region.\nEverything you earn between (for arguements sake) £4000 and £26,000 is taxed at about 23%\nThen everything about £26,000 is taxed at 40%\n\nSo you will get 4000+(22,000x0.77)+(5000x0.60)= 4000+16,940+3000= £23,940\n\nThats just Income tax. Thats not including pension and all the other leakages.