It sounds almost honest when they plan to decrease the rate. I'd be absolutely shocked if that ever happened here.
Jon Langeler Michwave Technologies, Inc. > On Oct 11, 2016, at 9:38 PM, Chuck McCown <[email protected]> wrote: > > Looks to me that the tax bite is less than what I pay and they get NHS to > boot. > > From: Jon Langeler > Sent: Tuesday, October 11, 2016 7:09 PM > To: [email protected] > Subject: Re: [AFMUG] OT England NHS & Tax > > So what's your opinion compared to the US? > > Jon Langeler > Michwave Technologies, Inc. > > >> On Oct 11, 2016, at 6:57 PM, Chuck McCown <[email protected]> wrote: >> >> From my daughter: >> >> We pay an effective rate of 8.5% in direct tax on our combined household >> income. >> This is income tax (which pays for government services including the NHS) >> and National Insurance which pays for pensions and benefits. >> >> The largest indirect tax is VAT (sales tax) which is 20%. This is less >> noticeable than sales tax in the USA because prices in the shops include >> this in the price rather than being added when checking out. >> >> Corporation tax (tax on business profits) is currently 20% (this is being >> reduced to 19% in 2017 and is planned to go down to 17% in 2020).
