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Coffee Shop
Probably had to be there...
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<blockquote data-quote="chrisy" data-source="post: 667522" data-attributes="member: 3193"><p>We pay income tax after the first £6,745. say I earn £315.00 a week I would pay £39.79 tax then £23.10 National insurance (this for the health service) and I would get £252.11 in my hand. That is on 40 hour per week. so that would be £16,380.00 a year so I would make out of that £13,109.80.</p><p>we make VAT payments on all goods except food and children's clothing.</p><p>we pay general rates on our houses depends on how much it is worth and what band you are in, our house is in the top of the bands, band G we will pay £2,210 a year this year, it will go up next year. the house is worth about just over a quarter of a million. Then when we die the children will have to pay Inheritance Tax. and a Stamp Duty(This is like your Fed Tax) not sure how that works, and if we have any money left over they will have to pay tax on that to, even though we already have. the only one laughing all the way to the bank is the Tax office in both Countries it would seem.</p></blockquote><p></p>
[QUOTE="chrisy, post: 667522, member: 3193"] We pay income tax after the first £6,745. say I earn £315.00 a week I would pay £39.79 tax then £23.10 National insurance (this for the health service) and I would get £252.11 in my hand. That is on 40 hour per week. so that would be £16,380.00 a year so I would make out of that £13,109.80. we make VAT payments on all goods except food and children's clothing. we pay general rates on our houses depends on how much it is worth and what band you are in, our house is in the top of the bands, band G we will pay £2,210 a year this year, it will go up next year. the house is worth about just over a quarter of a million. Then when we die the children will have to pay Inheritance Tax. and a Stamp Duty(This is like your Fed Tax) not sure how that works, and if we have any money left over they will have to pay tax on that to, even though we already have. the only one laughing all the way to the bank is the Tax office in both Countries it would seem. [/QUOTE]
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