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Math Final

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Bilbosky

Senior Member

12-12-2012

Quote:
silentpartner:

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.


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Mere Intricacy

Senior Member

12-12-2012

Quote:
Campir:
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.


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c4lm

Member

12-12-2012

Quote:
Mere Intricacy:
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%....


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Mere Intricacy

Senior Member

12-12-2012

Quote:
Bilbosky:

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

What does that mean.
Is there more tax on top of that?


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Bilbosky

Senior Member

12-12-2012

Quote:
Campir:
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.