In Prague we pay for rubbish collection and that’s all. Probably 100 Euros per year (total for household and garden waste). When I was living in England we were paying over £2,000 per year Council Tax. It’s funny - I remember the riots about a Poll Tax and after some time they introduce a Council Tax (not the same thing of course…) at a fairly low rate… and then it increases, and increases, and… I wonder what the real rate of tax is when you combine income tax, national insurance, VAT, Council Tax, tax on insurance, etc, etc, etc.
I would never have let you forget it either. Those RGV250s were wonderful bikes to ride. You mean as easy as it was when I was young? I passed my test (I don’t think I took it until I was 20) and was able to ride any bike that I chose to get . Of course, the big bikes were too expensive to buy and even if you could afford one the insurance would be too much (I was desperate to get the new YZF750 but had to settle for the FZR600R, which was awesome fun), but you had the freedom to make bad choices back then (almost like you were an adult). Loads of kids got motorbikes when I was young - you could get one a couple of years before you could get a car and it was affordable transport for a youngster. A lot were also working from 16 as well, so having transport was more of an essential rather than for fun, freedom or convenience. I also think that parents were not wrapping their kids in cotton wool so much (hardly anyone got dropped off at school in a 4x4 - we walked, cycled or got a bus). I’m very glad that I got to grow up when I did.
its something like 85% or more. Watched a YT this morning on a dealer who bought a car for 6500 at auction. Was an XK 2008 so a good price. He then shows his prep and tax costs against that item, selling for 12k and makes about £1000. That's taking labour as time he pays his people rather than some kind of outsourced labour rate. I know I've traded cars and bikes that have potential for big bills, that's why I traded them! Last mini was example, had a rear light earth issue that could be loom and blows bulbs all the time, so much so couldn't be assured it would get thru an MOT even if I replaced just before done. Plus a bit of bodywork and not working heated seat. Got 7k, low miles retails at about 12k but I know they will be spending money or trading.... and I could have sold privately for more but wouldn't want to stitch up someone So maybe that's also an issue: is a dealer making 1500 from a bike enough?
Without a decent volume of sales it’s probably not enough. The costs of doing business have gone through the roof. Great times of you’re an energy Company though - booming!
Agreed, as I'm sure I've seen something (one of the these anti-tax lobby sites) who say its a lot...cant find on google though. But simple top of head below list suggests its more. The only thing that would bring it down is half the UK population pay no income tax. Tax on income Vat on goods Vat on services Tax on savings Tax on death Tax on investments Council tax Also, I didn't realise dealers (car, assume bikes same) pay VAT on used sales the gross margin of purchase to sale price, ie as above 6500 purchase, sell for 12000, pay 16% on 5500. Then corp tax on the real profit, and personal tax on money taken as salary.
Though its also true that 96% currently do not pay inheritance tax (death)- maybe that will change over time or even Wednesday? "While the UK tax burden is currently high by historical standards, it has remained below the average across other advanced economies. In 2021, the most recent year for which there are internationally comparable outturn data, the UK’s tax-to-GDP ratio was 33.5 per cent of GDP on the OECD’s measure (which is slightly lower than the ONS definitions on which our forecast is based).a That is 2.2 per cent of GDP below the average of other advanced economies,b 3.3 per cent of GDP below the average of other G7 economies, and 6.4 per cent of GDP below the average of 14 other western European countries (the ‘EU14’). As Chart A shows, there is considerable variation across countries, with tax-to-GDP ratios among the advanced economies ranging from as low as 21.1 per cent of GDP in Ireland (where GDP is inflated by the recorded profits of foreign multinationals) to as high as 46.9 per cent of GDP in Denmark.
Source = IFS, here: https://ifs.org.uk/publications/governments-record-tax-2010-24#:~:text=all-time low.-,1.,a share of national income. As with any report, how the data is sliced, what data is included vs excluded, and 100s of other parameters/interpretations, political bias etc, determines the result.
Whilst interesting as a measure of economic health, I’m not sure it reflects the actual tax burden on individuals.
Wow this thread got boring! It was about dealers going bust and people loosing their jobs! Now it’s about how much tax we pay
You should know by now that all threads on here end up talking about something completely different in the end.
Tbf it is partially relevant given dealers go bust because they may not make enough money and the current stack em high, sell em cheap principle is killing both small and large alike. And tax burden is one of the things that contributes. Incl the upcoming increase again in employer NI burden
Add that to capital gains tax rumoured changes and it’s no wonder so many small businesses are closing. You can almost hear the accountants and advisors screaming, “Get the money out now.”
From the Times -reasonably accurate on numeric facts if less so in editorial... Someone on £35,000 today — about the average for those working full-time — faces an income tax and national insurance bill getting on for £2,000 lower than would someone on the same real earnings back in 2010. Just looking at changes enacted over this parliament, the national insurance cuts more than outweigh the income tax increases for middle earners, with gains peaking at around a handy £1,000 a year for anyone earning about £50,000. That is not a tax cut to be sniffed at. While average earners have seen their tax bills fall, the reverse is true of high earners. Someone just about in the top 1 per cent of income tax payers, on £200,000, say, will be paying a good £10,000 a year more than in 2009.
It’s funny how the left flatly refuse to accept that wealthy pay taxes. Super wealthy may not pay large %, but those regular people who just have a good salary lose large proportion of it for sure. And those at the bottom pay less direct tax than ever I think
