Professor Explains Econimics Through Beer - Page 2 - The Horse Forum
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post #11 of 18 Old 02-01-2009, 08:40 PM
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So...whaddaya want? You van either deal with reality.....or move...





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post #12 of 18 Old 02-02-2009, 09:03 AM
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Quote:
Originally Posted by shmurmer4 View Post
I do as well, but paying 33% and probably 40% this next year will suck... massively.
Ohh... Sounds pretty high. I don't know how high tax rates we have but when I got a labor market supports (ca. 25 euros per day) for few months in the last year I had to pay 20% taxes. Now I haven't any incomes so I need pay nothing.

"On hyviä vuosia, kauniita muistoja, mutta kuitenkaan, en saata unohtaa,
Että koskaan en ole yksin, varjo seuraa onneain.
Vaikka myrsky hetkeksi tyyntyykin, varjo seuraa onneain.
Ja pian taas uusin hönkäyksin, varjo seuraa onneain.
Hei tuu mun luo, pieneksi hetkeksi. Puhutaan, varjoni, valkoiseksi enkeliksi."

Pelle Miljoona Oy - Varjo seuraa onneain

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post #13 of 18 Old 02-02-2009, 11:28 AM
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In the UK it's 20% up to £34,800, 40% thereafter, but next year they're reintroducing the 10% band up to £2,230.

I think you're taxed on your income over the personal allowance (~£6000), but I can't be sure. I'd just use an online tax calculator to check, probably.

If you believe everything you read, better not read.
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post #14 of 18 Old 02-02-2009, 01:18 PM Thread Starter
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US:

  • 10% on income between $0 and $8,025
  • 15% on the income between $8,025 and $32,550; plus $802.50
  • 25% on the income between $32,550 and $78,850; plus $4,481.25
  • 28% on the income between $78,850 and $164,550; plus $16,056.25
  • 33% on the income between $164,550 and $357,700; plus $40,052.25
  • 35% on the income over $357,700; plus $103,791.75

Whatever course you decide upon, there is always someone to tell you that you are wrong. There are always difficulties arising which tempt you to believe that your critics are right. To map out a course of action and follow it to an end requires courage.
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post #15 of 18 Old 02-02-2009, 01:20 PM
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Are those federal income taxes? Are there state income taxes on top of that?

If you believe everything you read, better not read.
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post #16 of 18 Old 02-02-2009, 01:20 PM Thread Starter
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Originally Posted by PaintedLady View Post
So...whaddaya want? You van either deal with reality.....or move...
The rates to be reversed. :)

Whatever course you decide upon, there is always someone to tell you that you are wrong. There are always difficulties arising which tempt you to believe that your critics are right. To map out a course of action and follow it to an end requires courage.
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post #17 of 18 Old 02-03-2009, 09:44 AM
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Over here it seems to be this during that year:

Withholding percent -> Earnings limit in euros.
0.0% -> 0 to 1,420 euros
11.0 -> over 1,420 to 13,700 euros.
40.0% -> over 13,700 euros.

Then there is a solid percent for few allowances just like my labor market support was. If you don't give your tax deduction card to your employer who takes the tax off from your salary he has to do it with 60.0%.

Honestly, I'm not very smart with taxes because I haven't got taxable incomes or allowances a lot during my 19 living years. I had a short summer job in the last summer and I got something around 230 euros and I had to pay something. I'm not sure if that was a tax or pension contribution or something.

Luckily there's always mommy and daddy who can advise me .

"On hyviä vuosia, kauniita muistoja, mutta kuitenkaan, en saata unohtaa,
Että koskaan en ole yksin, varjo seuraa onneain.
Vaikka myrsky hetkeksi tyyntyykin, varjo seuraa onneain.
Ja pian taas uusin hönkäyksin, varjo seuraa onneain.
Hei tuu mun luo, pieneksi hetkeksi. Puhutaan, varjoni, valkoiseksi enkeliksi."

Pelle Miljoona Oy - Varjo seuraa onneain

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post #18 of 18 Old 02-03-2009, 11:22 AM
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I just had a little discussion with my parents about this few minutes ago. Seems that there have perhaps happened a some kind of mistake few years ago as to my summer job and tax refunds (I got something aroud 360 euros salary and they took a 60 euros withholding even if the lowest earnings limit was remarkably higher than this 360 euros so my withholding percent has had to be 0. I know that there are some other fees that the government seizes from the salary but them can't be that high. And if the taxman took a withholding even if the withhold percent was 0 I should have got the withhold back with tax refunds but I remember that I got nothing.)


I think I try to clarify what happened and hope that I'll get some €uros .

"On hyviä vuosia, kauniita muistoja, mutta kuitenkaan, en saata unohtaa,
Että koskaan en ole yksin, varjo seuraa onneain.
Vaikka myrsky hetkeksi tyyntyykin, varjo seuraa onneain.
Ja pian taas uusin hönkäyksin, varjo seuraa onneain.
Hei tuu mun luo, pieneksi hetkeksi. Puhutaan, varjoni, valkoiseksi enkeliksi."

Pelle Miljoona Oy - Varjo seuraa onneain

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