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Ullabi
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01-07-2021, 08:39 PM
21

Re: Pay at Pump charge

Originally Posted by Donkeyman ->
That sounds good Ulabi, but how does it work out in practice?
Who comes out on the benefit side when comparing taxation versus
benefits ? Oh and one thing l forgot, is do you pay VAT ??
WE do at about 15% on most of what we buy !!! This on top of our
33% income tax ,and various hidden taxes !!
And our dental care is barely functional and privately is far too expensive unless you are a film star !!

Donkeyman! 🤔🤔
Income tax is local and varies from municipality to municipality. Around 31% on average.

Vat is 25%
Donkeyman
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02-07-2021, 02:05 PM
22

Re: Pay at Pump charge

Originally Posted by Ullabi ->
Income tax is local and varies from municipality to municipality. Around 31% on average.

Vat is 25%
Bloody hell !!
Sweden must be ripe for revolution ??

Donkeyman! ! 👎👎
Ullabi
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02-07-2021, 02:08 PM
23

Re: Pay at Pump charge

Originally Posted by Donkeyman ->
Bloody hell !!
Sweden must be ripe for revolution ??

Donkeyman! ! 👎👎
No not at all
Donkeyman
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02-07-2021, 02:21 PM
24

Re: Pay at Pump charge

Originally Posted by Ullabi ->
No not at all
So do you think they might be putting something in your water ??
What is your secret ?

Donkeyman! 🤔🤔
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Baz46
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02-07-2021, 02:34 PM
25

Re: Pay at Pump charge

Originally Posted by Donkeyman ->
That sounds good Ulabi, but how does it work out in practice?
Who comes out on the benefit side when comparing taxation versus benefits ? Oh and one thing l forgot, is do you pay VAT??
WE do at about 15% on most of what we buy
!!! This on top of our 33% income tax ,and various hidden taxes !!
And our dental care is barely functional and privately is far too expensive unless you are a film star !!

Donkeyman! 🤔🤔
The VAT rate is higher than 15% and basic rate income tax is lower than 33%.

VAT in the UK is 20% and our basic rate income tax is 20%, this then increases through the various tax bands to a higher rate of 40%, there's also an additional higher rate at 45%.

See links below for exact information:

https://www.gov.uk/vat-rates

https://www.gov.uk/government/public...ates-and-bands
Dextrous63
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02-07-2021, 06:28 PM
26

Re: Pay at Pump charge

Can't find a comparison with other countries, but let's not forget the Tax Freedom Date

https://www.adamsmith.org/taxfreedomday
Donkeyman
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02-07-2021, 07:37 PM
27

Re: Pay at Pump charge

Originally Posted by Baz46 ->
The VAT rate is higher than 15% and basic rate income tax is lower than 33%.

VAT in the UK is 20% and our basic rate income tax is 20%, this then increases through the various tax bands to a higher rate of 40%, there's also an additional higher rate at 45%.

See links below for exact information:

https://www.gov.uk/vat-rates

https://www.gov.uk/government/public...ates-and-bands
Thanks for updating my memory Baz !
In 1975 l was paying 35% income tax, l can't remember what VAT
was but l think it was about 7 to8 % !
So obviously been some big changes since l left the country?
Anyway, apologies to Ulabi for supplying out of date info !
But l still believe the Swedes must be a very tolerant lot to put up
with what they pay ??

Donkeyman! 🤔🤔
Donkeyman
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02-07-2021, 07:48 PM
28

Re: Pay at Pump charge

Originally Posted by Dextrous63 ->
Can't find a comparison with other countries, but let's not forget the Tax Freedom Date

https://www.adamsmith.org/taxfreedomday
Never heard of that Dex , so is it only for that day or for the rest of the
year ??
What do you think of scrubbing income tax alltogether and raising
VAT to compensate, then the big spenders would pay more tax
automatically ?
You would'nt need a revenue service to chase them either ?

Donkeyman! 👍🤗👍
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Baz46
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02-07-2021, 10:56 PM
29

Re: Pay at Pump charge

Originally Posted by Donkeyman ->
Thanks for updating my memory Baz!
In 1975 l was paying 35% income tax, l can't remember what VAT was but l think it was about 7 to 8%!
So obviously been some big changes since l left the country
Anyway, apologies to Ullabi for supplying out of date info!
But l still believe the Swedes must be a very tolerant lot to put up with what they pay??

Donkeyman! 🤔🤔
That's all right DM, no problem.

I haven't read through all the posts on this thread but from what I can see nobody it seems, has mentioned the average wage in Sweden. With a tax rate of 79% that would mean very high deductions from salaries. If the cost of living in Sweden is high as I suspect it is then possibly average incomes are higher than here. It would be interesting to know all the comparative figures for our two countries just to see which is better off.
Donkeyman
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02-07-2021, 11:32 PM
30

Re: Pay at Pump charge

Originally Posted by Baz46 ->
That's all right DM, no problem.

I haven't read through all the posts on this thread but from what I can see nobody it seems, has mentioned the average wage in Sweden. With a tax rate of 79% that would mean very high deductions from salaries. If the cost of living in Sweden is high as I suspect it is then possibly average incomes are higher than here. It would be interesting to know all the comparative figures for our two countries just to see which is better off.
That's a good point Baz, but if that's so wouldn't it make your
exports uncompetitive ??
I have read that difference between rich and poor in Sweden is
much,much, lower than here too? So how do they do it?
Maybe they have some sort of export like oil, or some other
mineral that is in high demand that powers their economy ??
Maybe they nationalised that and the proceeds go to the citizens
instead of a few fat cats only ??
Who knows?

Donkeyman! 👍🤔🤔👍
 
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