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Thread: What Do Non Americans Think About This?

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    Senior Member Lon's Avatar
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    What Do Non Americans Think About This?

    And how does it compare with your country's form of taxation?

    Taxation in the United States is a complex system which may involve payment to at least four different levels of government and many methods of taxation. United States taxation includes local government, regional entities, and state and federal government.

    3 Main Type of Taxes

    Proportional tax: Remains a fixed amount (percentage) no matter the amount being taxed.
    Progressive tax: Increases as the amount being taxed increases.
    Regressive tax: Decreases as the amount being taxed increases.

    State and Local Government Taxation

    Income
    Sales
    Property

    Federal Taxation

    Income tax
    Social Security tax
    Medicare tax
    Corporate income tax
    Transfer taxes
    Excise taxes
    Federal Unemployment Tax

    Federal & State Common Taxes

    Income Taxes

    7 Category of Taxes

    1. Income Taxes
    2. Property Taxes
    3. Consumption Taxes
    4. General Corporation Taxes
    5. Payroll Taxes
    6. Capital Gains Taxes
    7. Inheritance Taxes

    Never ending list of taxes in the United States

    Sales and use tax
    Toll
    Cigarette and tobacco tax
    Alcoholic beverage tax
    Retail Beer, Wine and Liquor License Taxes
    Tariffs
    Environment Affecting Tax
    Poll tax
    Retirement tax
    Real Property Transfer Tax
    Wealth (net worth) tax
    Commercial Motor Vehicle Tax
    Commercial Rent Tax
    Horse Race Admissions Tax
    Hotel Room Occupancy Tax
    Utility tax
    Insurance taxes
    Lawful gambling tax
    Fur clothing tax
    Deed tax
    Contamination tax
    Mineral taxes
    Petroleum taxes
    Sports bookmaking tax
    Wind energy production tax
    Social security and Medicare taxes
    Federal unemployment tax
    Environmental taxes
    Communications and air transportation taxes
    Fuel taxes
    Gift taxes
    Death tax
    Luxury taxes

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    Supporting Member spot's Avatar
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    Re: What Do Non Americans Think About This?

    I'd not be surprised if England has more than just those, Lon. I recognize most of the names from local equivalents. Our consumption tax, for example, is 20% with exceptions for uncooked food, clothing and books and we call it Value Added Tax, it applies to all personal purchases and to every business purchase and sale where the firm trades more than around $60,000 a quarter.

    What we don't have is any equivalent to local or state government with any tax-raising capacity on consumption. Local government raises money through a rating system on property, both private and business. It has no access to sales. It does hold out a cap to central government funding but that, presumably, is universal.

    We have no explicit "Medicare tax", all National Health Service costs are met through regular taxation - all the central government taxes accumulate in a pool, nothing I can think of is ring-fenced. We do have a $200 a year tax on all television owners though, and a variable rate tax on all car owners which reaches $300 a year for large cars and maybe $1000 a year for trucks. That's nominally a Road Tax, though since it's not ring-fenced little of it goes toward road construction or maintenance.

    I'm moderately certain we scrapped our Luxury Tax rates in the 1970s.

    It's legal for private companies to charge tolls on roads, but the government doesn't as far as I know.

    Our Wind energy production tax is negative, it's a subsidy.
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    Senior Member Wandrin's Avatar
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    Re: What Do Non Americans Think About This?

    Don't forget the "fees", Lon. The politicians like to use that term to avoid being labeled as raising taxes. An example is California's vehicle registration fee, which varies according to the value of the vehicle.

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    Re: What Do Non Americans Think About This?

    We make more of a distinction between direct and indirect taxes. Unles you are slf employed or a high earner taxes are paid using the pay as you earn system so most iof us have never completed a tax return. Indirect taxes have a greater impact on those on lower incomes so we have no VAT on most food products and items like children's clothing, tobacco, drink etc you don't have to buy fuel duty is probably the most contentious one we have. Americans seem to pay more tax and have a double whammy in state as well as federal taxes but get a lot less back less back for them. Add on what you have to pay for medical cover and the average American is probably a lot worse off than the average Uk resident.

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    Supporting Member spot's Avatar
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    Re: What Do Non Americans Think About This?

    Quote Originally Posted by gmc View Post
    the average American is probably a lot worse off than the average Uk resident.
    You have to be careful with "average", the Americans have a hundred thousand or so mega-rich who skew the figures to some extent. If by "average" you mean the American who has as many poorer as he has richer, the median American, then I'm sure you're right. His living standard is lower and his financial prospects far scarier, and if he's in work he has no notion of adequate paid holiday periods by comparison.
    Nullius in verba|||||||||||
    Who has a spare two minutes to play in this month's FG Trivia game!

    The watch of your vision has become reasonable today.

    England's troubles will increase until the bishops open Joanna Southcott's box.
    It’s normal. You must provoke. You must insult the belief of all monotheists. You must make fun of the belief of all monotheists.
    From the upper tier of the Leppings Lane End of the Hillsborough Stadium, I watched the events of that day unfold with horror.
    When the flowers want to oxygen and nutrition, or you’re a wedding or party planner, I will help you too much.
    Write that word in the blood

  6. #6
    Senior Member Lon's Avatar
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    Re: What Do Non Americans Think About This?

    Quote Originally Posted by gmc View Post
    We make more of a distinction between direct and indirect taxes. Unles you are slf employed or a high earner taxes are paid using the pay as you earn system so most iof us have never completed a tax return. Indirect taxes have a greater impact on those on lower incomes so we have no VAT on most food products and items like children's clothing, tobacco, drink etc you don't have to buy fuel duty is probably the most contentious one we have. Americans seem to pay more tax and have a double whammy in state as well as federal taxes but get a lot less back less back for them. Add on what you have to pay for medical cover and the average American is probably a lot worse off than the average Uk resident.
    Interesting---thanks

    Most all U.S. residents and citizens as well as businesses are required to file a U.S. Income Tax Form every year. Some will get a refund for over payment of taxes that were taken out via employer with holding and others will have to pay additional tax for under with holding. Many Americans will over pay via employer with holding and then file for a REFUND, using the system as a forced way to save money (dumb---interest free loan to the government).
    I received a REFUND for ALL the Federal Income Tax that I had paid in 2011 due to Personal Medical Expenses that exceeded a certain percentage of my 2011 income, and although I wound up not having to pay one penny of Federal Income Tax, I did pay a substantial amount of the other taxes & fees---sales taxes, property taxes etc.

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    Zero mod strikes. HAH!!! YZGI's Avatar
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    Re: What Do Non Americans Think About This?

    Can't say, I'm American. But if I could say, my biggest problem with America right now is our health care system. Why people who have health insurance (I do) don't seem to want poor or less fortunate to have it baffles me. Why do we only want the well off to have health care. You're only as healthy as your wallet will allow. Stupid. Get the heath care facilities and insurance companies off of Wall Street. Take the profit out of health care (corporation style).

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    Senior Member Lon's Avatar
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    Re: What Do Non Americans Think About This?

    Quote Originally Posted by YZGI View Post
    Can't say, I'm American. But if I could say, my biggest problem with America right now is our health care system. Why people who have health insurance (I do) don't seem to want poor or less fortunate to have it baffles me. Why do we only want the well off to have health care. You're only as healthy as your wallet will allow. Stupid. Get the heath care facilities and insurance companies off of Wall Street. Take the profit out of health care (corporation style).
    I disagree that there are Americans that do not want the less fortunate to have Health Care. I think the big issue is how it will be paid for and who will provide the services.

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    Senior Member Wandrin's Avatar
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    Re: What Do Non Americans Think About This?

    Corporate and business income tax has to be paid 4 times per year in advance. I have to guess what income my tiny little business will have and write them a check at the beginning of each quarter. Guessing an amount that is too low results in paying a penalty.

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    Supporting Member spot's Avatar
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    Re: What Do Non Americans Think About This?

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    Quote Originally Posted by Wandrin View Post
    Corporate and business income tax has to be paid 4 times per year in advance. I have to guess what income my tiny little business will have and write them a check at the beginning of each quarter. Guessing an amount that is too low results in paying a penalty.
    You'd think that would reduce the potential performance of the entire economy. How long has it been that way, and was it introduced in stages?
    Nullius in verba|||||||||||
    Who has a spare two minutes to play in this month's FG Trivia game!

    The watch of your vision has become reasonable today.

    England's troubles will increase until the bishops open Joanna Southcott's box.
    It’s normal. You must provoke. You must insult the belief of all monotheists. You must make fun of the belief of all monotheists.
    From the upper tier of the Leppings Lane End of the Hillsborough Stadium, I watched the events of that day unfold with horror.
    When the flowers want to oxygen and nutrition, or you’re a wedding or party planner, I will help you too much.
    Write that word in the blood

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