Simply random stuff

[JohnN]

What enormous taxes is that?

Canada (nervous laugh)

Is Canada One of the Highest-Taxed Countries in the World?​

Canada is ranked #25 out of 172 countries in the list of highest-taxed countries in the world. While Canada isn’t the highest taxed overall, we are within the upper third of the highest-taxed countries in the world.
https://wealthmanagementcanada.com/blog/list-of-countries-by-tax-rate/

 

[Sal1950]

What enormous taxes is that?

This isn't the place for this but since you asked,
Did you think you get that health care and the rest for FREE?

UK Vs US Tax Rates - Which country pays the most taxes?​

Understanding UK and USA Tax Systems​

The tax systems in the UK and the US have significant differences. For instance, while the UK has a progressive tax system with rates ranging from 20% to 45%, the US federal tax rates vary from 10% to 37%. Additionally, the USA taxes its citizens and residents on their worldwide income, whereas the UK taxes are based on residence and domicile status. This fundamental difference can significantly impact your tax liability when moving to the UK from the USA.
In America the IRS allows couples (husband, wives and civil partners) to file a combined tax return. This is not allowed in the United Kingdom by HMRC. Each individual will need to file an individual self-assessment tax return.
The United Kingdom under HMRC only have one tax regime for the country. The United States has a federal tax under the IRS, a state tax and potentially a city tax. As an example of someone who lives in the rather expensive New York City.
Let’s look at a few examples using a currency conversion rate of £1:$1.25
The examples below have been updated for 2023/24 in the United Kingdom and 2024 in the United States
– £25,000/$31,250 income = 20% UK vs 12% US
– £50,000/$62,500 income = 40% UK vs 22% US
– £100,000/$125,00 income = 40% UK vs 24% US
– £150,000/$187,500 income = 45% UK Vs24% US

 

[madscot]

This isn't the place for this but since you asked,
Did you think you get that health care and the rest for FREE?

UK Vs US Tax Rates - Which country pays the most taxes?​

Understanding UK and USA Tax Systems​

The tax systems in the UK and the US have significant differences. For instance, while the UK has a progressive tax system with rates ranging from 20% to 45%, the US federal tax rates vary from 10% to 37%. Additionally, the USA taxes its citizens and residents on their worldwide income, whereas the UK taxes are based on residence and domicile status. This fundamental difference can significantly impact your tax liability when moving to the UK from the USA.
In America the IRS allows couples (husband, wives and civil partners) to file a combined tax return. This is not allowed in the United Kingdom by HMRC. Each individual will need to file an individual self-assessment tax return.
The United Kingdom under HMRC only have one tax regime for the country. The United States has a federal tax under the IRS, a state tax and potentially a city tax. As an example of someone who lives in the rather expensive New York City.
Let’s look at a few examples using a currency conversion rate of £1:$1.25
The examples below have been updated for 2023/24 in the United Kingdom and 2024 in the United States
– £25,000/$31,250 income = 20% UK vs 12% US
– £50,000/$62,500 income = 40% UK vs 22% US
– £100,000/$125,00 income = 40% UK vs 24% US
– £150,000/$187,500 income = 45% UK Vs24% US

I retired in 2022, havent paid a penny in tax since
The chart above doesn't say that the first £12,500 of earnings in the UK is tax free so we would pay 20% of £12,500 if we earned £25,000, nowhere near as bad as it looks

 

[Bill B]

I retired in 2022, havent paid a penny in tax since
The chart above doesn't say that the first £12,500 of earnings in the UK is tax free so we would pay 20% of £12,500 if we earned £25,000, nowhere near as bad as it looks

We have a personal exemption of $13,850 which is kind of the same thing.

 

[jimfisheye]

Waiting for a mod to split this out into a new thread: Colonoscopies & Taxes

 

[ar surround]

Waiting for a mod to split this out into a new thread: Colonoscopies & Taxes

Exactly my thoughts Mr. Fisheye. TMI folks.

 

[Bill B]

Waiting for a mod to split this out into a new thread: Colonoscopies & Taxes

Not a fan of talking about medical procedures. Too big of a dose of reality in a place I come to escape.
NOT THAT THERE’S ANYTHING WRONG WITH THAT.

 

[Mr. Afternoon]

I always underestimate the amount of work something takes. UGH.
We've gotten to the point where I say "I'll finish it sometime this year, definitely, for sure..."

 

[Quadmon]

I’ve just learned that a lady we knew that recently passed away at 98 years of age has left us her record player and records. Can’t wait to hear what she was “into”.

 

[Bill B]

I’ve just learned that a lady we knew that recently passed away at 98 years of age has left us her record player and records. Can’t wait to hear what she was “into”.

Sorry, can't resist.... Are you sure they are records and not cylinders.

 

[ar surround]

I always underestimate the amount of work something takes. UGH.
We've gotten to the point where I say "I'll finish it sometime this year, definitely, for sure..."

For any project:
Actual time spent x time estimated = 3.14159265
Actual money spent x money estimated = 1.359265 (If one is lucky)

 

[JohnN]

This thread:

 

[JohnN]

Not a fan of talking about medical procedures. Too big of a dose of reality in a place I come to escape.
NOT THAT THERE’S ANYTHING WRONG WITH THAT.

 

[mandrix]

I retired in 2011 with health issues. Loss of income sucks, you learn to make do. But the best thing is you don't have to go to a damned job anymore.
Is what it is. No money Vs freedom, I'll take freedom.

 

[Mr. Afternoon]

Where did you find this GIF of me three years ago??

For any project:
Actual time spent x time estimated = 3.14159265
Actual money spent x money estimated = 1.359265 (If one is lucky)

If you take long enough you'll forget why you started in the first place!

 

[JohnN]

Where did you find this GIF of me three years ago??

The (fast lane) drug years, respect. Found in the discard file.

 

[barfle]

For any project:
Actual time spent x time estimated = 3.14159265
Actual money spent x money estimated = 1.359265 (If one is lucky)

The one I heard was that the first 90% of the project takes 90% of the budget. The last 10% of the project takes the other 90% of the budget.

 

[barfle]

Boy I know how that feels !!!
I'm very glad I was able to retire at 60 and have had a good
long time I haven't had to answer an alarm clock.

I told my doc that when I retired, so did my alarm clock. Then I got a cat, which has something to do with why I’m here now and not asleep.

 

[Mr. Afternoon]

If something gets recorded in 24/96 and gets delivered in 24/48 do people really care? How much do people care about ultrasonics to not want to buy something if it doesn't contain ALL the ultrasonics (if there are any)?

 

[Sal1950]

I told my doc that when I retired, so did my alarm clock. Then I got a cat, which has something to do with why I’m here now and not asleep.

I love cats, at least you don't have to walk a cat on a 0 degree morning.