Math Final

Comment below rating threshold, click here to show it.

Bilbosky

Senior Member

12-12-2012

Quote:
Originally Posted by silentpartner View Post
If anyone can help with American tax rates that would be swell
There's no such thing as an average tax rate in the US. It varies tremendously due to a mix of federal, state, and local taxes, each with its own unique set of subsidies and rates. The best you can do is compare tax burden as a percentage of GDP. The US is sitting at 26.9%, Australia at 30.8%.

@Mere: that's only federal, not state or local.


Comment below rating threshold, click here to show it.

Mere Intricacy

This user has referred a friend to League of Legends, click for more information

Senior Member

12-12-2012

Quote:
Originally Posted by Campir View Post
Isn't your sales tax stupid high....
10%.
However it is included in everything.
Unlike in America where the advertised price isn't without tax.


Comment below rating threshold, click here to show it.

c4lm

Member

12-12-2012

Quote:
Originally Posted by Mere Intricacy View Post
10%.
However it is included in everything.
Unlike in America where the advertised price isn't without tax.
The highest I've ever heard US sales tax being is 2%....


Comment below rating threshold, click here to show it.

Mere Intricacy

This user has referred a friend to League of Legends, click for more information

Senior Member

12-12-2012

Quote:
Originally Posted by Bilbosky View Post
@Mere: that's only federal, not state or local.
What does that mean.
Is there more tax on top of that?


Comment below rating threshold, click here to show it.

Bilbosky

Senior Member

12-12-2012

Quote:
Originally Posted by Campir View Post
The highest I've ever heard US sales tax being is 2%....
It's 7% where I live. Not to mention there's an additional tax on alcohol, the *******s.

@Mere: Depends on where you live. Some areas like Florida get by with just a sales tax (and maybe a property tax), while others like New York will hit you with property, income, and sales taxes.

Edit: You also missed social security and medicare, which is 4.2% from employees and 6.2% for employers for social security, and 1.45% for medicare for both.