I ran across this gem this morning.
snippety snip
This makes the tax geek in me cringe. I did enjoy pointing out how this hypothetical family would likely get more back in refundable CTCs than they paid in ($52k/year MFJ - $24k standard deduction = $28k taxable income --> $2982 tax plus two CTCs that are at least partially refundable).
OK, so my salary is about 3500 gross per month (just above mean for a family), assume I make 4k per month to make a reasonable comparrison. My "usage" is the same, tax is localised.
Salary 1k per week: 23% tax (first 8k per year (about) is tax-free, after that it's bracketed where I average at 23%) = 230
Groceries (assuming food only, so no Coca Cola etc): 9% tax = 18 (in reality, anything not meat or vegetable is 21% VAT)
Gas (VAT and other taxes): 63% = 249,48 (assuming 1 gallon = 4 liters, at 1.65 per liter
petrol current price for 2 cars)
So, most heavily taxed country? Don't make me cringe! And I know that several scandinavian countries are taxed a lot heavier than we are. Norway too I believe,
@Linda_Norway?
But my car is also taxed seperately, just for sitting still on the road (weight-bracketed, I have a small 1200kg mid-class) so another 50 per month (times 2 if you have 2 cars, of course). We also pay 21% VAT on elektric, water and other utilities. My house, property and sewer usage is also taxed. They want to tax the overproduction of my solar panels too.
The list, of course, goes on...