Taxes

Taxes are not the same the world over. But every one I know thinks that they would be better off in another country, where they “know” that taxes are less.
Not so.

I know about UK, USA and Australia.
Of these three, I would say that the combined taxes (Income, Capital Gains, VAT/Sales/GST, LocalCounty, School, Property) that you incur earning, and spending, are highest in the UK.
Next highest would come the USA. The lowest combined taxes would be in Australia (But do not let the Aussie politicians know this!).

Then there is the voluntary taxes. What – I hear you say? Voluntary Taxation?

Yes. This usually goes by the innocuous name of “LOTTO”. This is where you are goaded into purchasing a ticket where you have 1 in 99 billion (or so) chances of striking it rich.
Profits from Lotto go to subsidizing education, health, and other social programs that would normally be funded from forced taxation.
I think it is great that so many people contribute to this voluntary taxation, as it reduces the amount that the rest of us need to pay.

Posted in Rantings.