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Author Topic: Your Budget  (Read 2280 times)

  • Offline Serious

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Re:Your Budget
Reply #15 on: March 14, 2008, 02:18:14 AM
Quote from: neXus
bear is cheaper...


Really? You can buy bears in NZ cheaper? :shock:

Dave, just taking income tax doesnt show the full picture, we have VAT, so add another 17.5% onto a hell of a lot of stuff, and other taxes too.
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  • Offline Sam

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Re:Your Budget
Reply #16 on: March 14, 2008, 02:37:41 AM
Quote from: Serious
Quote from: neXus
bear is cheaper...


Really? You can buy bears in NZ cheaper? :shock:

Dave, just taking income tax doesnt show the full picture, we have VAT, so add another 17.5% onto a hell of a lot of stuff, and other taxes too.


Everywhere has a sales tax (well just about).
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  • Offline Serious

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Re:Your Budget
Reply #17 on: March 14, 2008, 02:52:27 AM
Exactly, but the point is that it varies so you just cant go off one tax. UK car use tends to have slightly lower tax than the average tax for Western European countries, but peeps still scream about tax levels on motoring.
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  • Offline Sam

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Re:Your Budget
Reply #18 on: March 14, 2008, 03:14:30 AM
Quote from: Serious
Exactly, but the point is that it varies so you just cant go off one tax. UK car use tends to have slightly lower tax than the average tax for Western European countries, but peeps still scream about tax levels on motoring.


Errr I wasnt. So whats your point ?
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  • Offline Mark

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Re:Your Budget
Reply #19 on: March 15, 2008, 00:59:55 AM
according to the calculator on the bbc : (this assumes using the ax diesel for work so only 50 litres diesel per week)

apologies for formatting, just a quick copy/paste

Next year, the indications are that you will be £281.55 better off.
   Current Year   Next Year   Difference
Alcohol   0   0   0
Tobacco   0   0   0
Fuel   3499.83   3499.83   0
Air travel   0   0   0
Income tax   19414.4   18626   +£788.4
National insurance    3674.7   4176.55   £-501.85
Child benefits    0   0   0
Tax credits    0   0   0
Vehicle excise duty    147.5   152.5   £-5
State pension    0   0   0
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  • Offline Dave

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Re:Your Budget
Reply #20 on: March 15, 2008, 02:22:41 AM
Quote from: Serious
Exactly, but the point is that it varies so you just cant go off one tax. UK car use tends to have slightly lower tax than the average tax for Western European countries, but peeps still scream about tax levels on motoring.


Im sure the price of apples varies a bit too but in the grand scheme of things it means f*** all tbh...

if the average salary is 10k GBP less and income tax (fairly major expenditure) is 50% more I dont really care if their sales tax id 12% as opposed to 17.5%
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  • Offline Serious

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Re:Your Budget
Reply #21 on: March 15, 2008, 02:43:57 AM
Quote from: Sam
Quote from: Serious
Exactly, but the point is that it varies so you just cant go off one tax. UK car use tends to have slightly lower tax than the average tax for Western European countries, but peeps still scream about tax levels on motoring.


Errr I wasnt. So whats your point ?


The point is you need the toatal amount of tax and to take into account its relative value. Using bits does not provide an accurate picture.
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