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#174639 - 02/14/09 10:02 PM
Re: How much sales tax do you pay?
[Re: yonuh]
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Registered: 01/21/07
Posts: 3675
Loc: British Columbia, Canada
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Provincial sales tax varies..in British Columbia it is 7%. 10% on liquor. On top of this, is federal sales tax at 5%. It used to be 7%. On goods and services. Not on whole, unprocessed food. However in Alberta, there is no provincial sales tax. But you are still subject to federal sales tax. There is no federal sales tax if you buy a new home anywhere in Canada. But you do have to apply for the rebate afterwards. We are vacationing in Portland, Oregon around Easter...so I intend to take advantage of buying some American stuff, instead of buying in Seattle.
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#174653 - 02/14/09 11:39 PM
Re: How much sales tax do you pay?
[Re: orchid]
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Registered: 11/04/08
Posts: 601
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Welcome to my world: we pay 8.75 percent sales tax on everything: food, medicine, you name it. (Oklahoma) Legislators know it's terribly regressive but there's no chance it can be lowered. The other tax rates are quite low and, like most states, we have a budget shortfall. Taxes won't be raised but services will be cut.
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#174662 - 02/15/09 01:53 AM
Re: How much sales tax do you pay?
[Re: dancer9]
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Member
Registered: 11/15/05
Posts: 2798
Loc: NM, transplant from NJ
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7.375%...but different part of the state are all different. I have a LOVELY time (NOT!) at quarterly CRS time. We sell all over the state and I have to use gobs of codes. NOT FUN!
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#174682 - 02/15/09 09:19 AM
Re: How much sales tax do you pay?
[Re: Di]
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Member
Registered: 06/23/06
Posts: 3703
Loc: London UK
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Value Added Tax (VAT) in the UK is 17.5% (temporarily cut to 15% between December 2008 and December 2009) on supplies of goods and services.
Certain goods and services are exempt from VAT like food and clothing (which is really poppycock because of indirect taxation). Supposedly, the exemptions are intended to relieve the tax burden on "essentials". Sanitary towels were charged VAT until a few years ago because those were considered luxury rather than essential. LOL!!! Only a man would have drawn up taxation on that item.
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#174686 - 02/15/09 09:56 AM
Re: How much sales tax do you pay?
[Re: Lola]
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Registered: 11/19/08
Posts: 1758
Loc: American living in Germany
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Sales tax in Germany is 19%. Food is 7%. Except "prepared food (cooked)" which you can buy in restaurants or take aways. This is also 19%. This is valid throughout the country. It's included in the final price; so no bad surprises when you get your bill.
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As soon as you trust yourself, you will know how to live. Goethe
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#174705 - 02/15/09 03:12 PM
Re: How much sales tax do you pay?
[Re: Edelweiss3]
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Member
Registered: 03/06/06
Posts: 2529
Loc: Southern California
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I remember VAT from when we went to Ireland last summer. But we were lucky, we got reimbursed so long as we saved our receipts and turned in the paperwork.
Wow, 17-19%! I guess I shouldn't complain! What other taxes do you have in your countries?
In the U.S., we have taxes on purchases (sales tax), our homes (property tax), our cars (registration tax), income tax (federal and state on all money earned), etc. What else, guys? I'm sure there must be more! Ah, the death tax! Yes, you can even be taxed on certain inheritance values. They get you every time!
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#174713 - 02/15/09 04:15 PM
Re: How much sales tax do you pay?
[Re: Dancing Dolphin]
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Registered: 01/21/07
Posts: 3675
Loc: British Columbia, Canada
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Of course we have property tax levied from the municipality. Income tax (federal and provincial).
yes, there is probate tax ..or death tax. Probate is a term from English common law. Some of it can be avoided if one engages in careful estate planning.
This is why I have not much sympathy for big corporations who whine away about paying corporate tax. There are all kinds of loopholes for them when their firm hires an astute tax lawyer. And I say this with strong criticism, after having worked for an international accounting and tax firm for a few years where my job was solely on international tax law research.
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#174715 - 02/15/09 04:18 PM
Re: How much sales tax do you pay?
[Re: Dancing Dolphin]
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Member
Registered: 06/23/06
Posts: 3703
Loc: London UK
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We're taxed for every time we breathe here. LOL!!!
Income tax is PAYE - paye as you earn
Council tax - local taxation collected by local authorities. It is a tax on domestic property. Some property can be exempt from council tax. Some people do not have to pay council tax and some people get a discount.
Car tax
Capital gains tax
Property tax - stamp duty and income from rental properties and tax on THAT property as well.
Inheritance tax
Offshore income and on properties abroad. The IRS has a long arm. I pay both UK and US taxes.
TV Licence. Yep. You have to pay to watch TV here.
And a few more stealth taxes...LOL!!!
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#174746 - 02/15/09 08:49 PM
Re: How much sales tax do you pay?
[Re: Anno]
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Registered: 11/19/08
Posts: 1758
Loc: American living in Germany
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•German tax rates for an individual are 15% - 45%. The higher the income, the higher the tax •Singles pay on income above EUR 250,000 (couples, on income above EUR 500,000) income tax of 45% before solidarity tax. •Inheritance taxes range between 7% and 50%. Depends on how much you inherit. That’s why many parents give their children their homes with a “warm” hand. •When buying real-estate, 3,5% taxes are due. •Annual property tax is minimum. We pay only $140.-- /yr.; compared to my brother, with the same size property; who pays $ 6000,-- a yr. in Massachusetts.
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As soon as you trust yourself, you will know how to live. Goethe
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#174748 - 02/15/09 09:03 PM
Re: How much sales tax do you pay?
[Re: orchid]
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Member
Registered: 06/02/06
Posts: 753
Loc: USA
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We pay 8.50%. Rumor has it that it may go up to 8.75% this year. Our property tax goes up between 50 to 100 dollars every year also. It's ridiculous! I don't think that "so called" tax break that Obama is giving us is going to help. I think we figured we would get about 10-13 bucks extra in our paycheck.
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#174752 - 02/15/09 09:21 PM
Re: How much sales tax do you pay?
[Re: Edelweiss3]
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Member
Registered: 06/23/06
Posts: 3703
Loc: London UK
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EW, how interesting to compare UK and Germany's taxation. Is EUR250,000 the basic personal tax allowance (income before tax)? Basic tax allowance here is £6475 then it's 20% to 40% tax. The UK used to have a married couples personal tax allowance as well, similar to Germany's but, government has done away with it. Now, it is only for those couples born on or before 1931.
A 40% inheritance tax applies only on the excess of £312,000.00 which is the threshold for 2008-09 tax year. Does Germany's 7% to 50% inheritance tax apply after a nil band rate?
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#174763 - 02/15/09 11:03 PM
Re: How much sales tax do you pay?
[Re: Lola]
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Member
Registered: 09/15/05
Posts: 4434
Loc: Minneapolis Minnesota
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German tax rates for an individual are 15% - 45%. The higher the income, the higher the tax. In the US the highest tax rate is paid by the middle and upper middle class. I pay the highest federal rate possible. The richer pay a lower rate.
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#174930 - 02/17/09 09:19 AM
Re: How much sales tax do you pay?
[Re: Anno]
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Registered: 11/19/08
Posts: 1758
Loc: American living in Germany
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Lola, you asked me" Does Germany's 7% to 50% inheritance tax apply after a nil band rate?"
What is a nil band rate?
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As soon as you trust yourself, you will know how to live. Goethe
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#174966 - 02/17/09 06:23 PM
Re: How much sales tax do you pay?
[Re: Edelweiss3]
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Member
Registered: 06/23/06
Posts: 3703
Loc: London UK
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Lola, you asked me" Does Germany's 7% to 50% inheritance tax apply after a nil band rate?"
What is a nil band rate? EW, it is the amount which is not subject to IHT. In the UK, £1 to £312,000 is nil band rate which means no inheritance tax is levied. Any excess past £312,000 would be subject to IHT of 40%. So, if the estate is worth £320,000 only £8,000 would be taxable.
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#175432 - 02/22/09 09:07 PM
Re: How much sales tax do you pay?
[Re: Lola]
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Registered: 11/19/08
Posts: 1758
Loc: American living in Germany
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Thanks Lola. I think 307,000.-- Euro inheritance is tax free for spouses. For children it's 205,000.-- Euro. If I understand the law correctly, the tax rate is set according to what tax bracket the beneficiary is in. For example, if you earn less than 256,000,- /yr., you would have to pay 7% inheritance taxes. Considering the fact that you are a lawyer, you might be interested in more detail: German inheritance taxes
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As soon as you trust yourself, you will know how to live. Goethe
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#175590 - 02/23/09 10:27 PM
Re: How much sales tax do you pay?
[Re: Edelweiss3]
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Member
Registered: 06/23/06
Posts: 3703
Loc: London UK
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Thanks. I've only had two Probate matters at Nachlassgericht which were straightforward. It was very protracted though because we had to translate Deutsche documents to English und mein Deutsche ist nicht gut.
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#175606 - 02/24/09 02:24 AM
Re: How much sales tax do you pay?
[Re: Lola]
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MustangGal
Unregistered
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Lola, how are law firms holding in the UK? I'm curious b/c some local law firms are laying off employees, including attorneys.
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#175611 - 02/24/09 06:47 AM
Re: How much sales tax do you pay?
[Re: ]
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Member
Registered: 06/23/06
Posts: 3703
Loc: London UK
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The unthinkable has happened here as well, Mustang. The "Magic Circle" i.e. elite law firms in terms of size, diverse practice and international partnerships, have made redundant many partners, fee earners and staff. Fixed-salaried fee earners in some firms have taken cut-backs in take-home pay to avoid redundancies. Medium-sized and old firms are much better off except where commercial practices are concerned because those areas are slow at the moment but, there is enough work to go around and their legal fees and admin costs are lower. Everyone's forced to be frugal. I am with a firm that was established in the 1800's so, like many old firms, it pretty much knows how to ride the waves without making people redundant. It has been through a few, needless to say.
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#176539 - 03/07/09 11:02 PM
Re: How much sales tax do you pay?
[Re: Lola]
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Registered: 01/21/07
Posts: 3675
Loc: British Columbia, Canada
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Apparently among the big (national) Canadian law firms, the areas of law that are quite strong right now is: bankrupcty/insolvency law. Canadian companies need legal advice to find ways to avoid bankruptcy because it hurts their business/public reputation later on ,when the economy recovers. Also how a company can change its business model/restructure legally without putting themselves in financial disaster.
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