4 ms·
Wow - 1/3 seems a lot, for payroll taxes. Do you not get tax-free allowances? I spend nearly all of my income; VAT (sales tax) takes more than 20% of that. Oth
by denton-scratch 3y ago
Wow - 1/3 seems a lot, for payroll taxes. Do you not get tax-free allowances?
I spend nearly all of my income; VAT (sales tax) takes more than 20% of that. Other non-payroll taxes:
* Council tax (land-value tax)
* My pension is taxed as income, even though I already paid for it through National Insurance (a payroll tax)
* If I drove a car, I'd be taxed again.
* If I dispose of assets, I get charged CGT.
If I was still working, I reckon I'd be paying over 50% of my earnings in taxes. I wish politicians would come clean, and simply levy taxes on income. It's fair, and it's transparent.