Taxes in the UK

[Salty]

From another thread:

Band Taxable income Tax rate
Personal Allowance Up to £12,500 0%
Basic rate £12,501 to £50,000 20%
Higher rate £50,001 to £150,000 40%
Additional rate over £150,000 45%

anyone who earns less than £12.5k per year, pays zero tax. Even their National Insurance is greatly reduced. Also, as far as I am aware, for everyone, the first £12.5k is tax free (higher for couples), then the rest is taxable as the rates show.

In addition The UK also has the VAT (sales tax) of 20%
In the US - there is no federal sales tax - but States/commonwealths have their own

Those statewide rates range from 0% to 9.5%
State and Local Sales Tax Rates, 2020


In the USA - a married couple do not pay any tax on the first 24,000 dollars.
That amount would be increased if you have minor children.
There are other exemptions and ect...
(Note: the US tax code is 70,00 + pages long!)

Also as a point of reference:
$ 1 = £ 0.737
£ 1 = $ 1.35

 

[SavedByGrace]

Looks like you guys have a better deal on taxation.

Paid holidays by US employers is 10 days per year. In the UK it is about 20. In the civil service where I used to work, it was 7 weeks!

The USA is the worlds largest economy, and also the highest debt.
5 Countries That Own the Most U.S. Debt

 

[Salty]

Ten days for Holidays - well, maybe the Federal govt
but not all employers!

Usually:
New Years Day
Memorial Day (May)
Independence Day (4 Jul)
Labor Day (Sep)
Thanksgiving Day (Nov)
Christmas

Opitional days that might be given:
King day (Jan)
Presidents Day (Feb)
Second Easter ( North Carolina)
Columbus Day (Oct)
Veterans Day (Nov)

 

[SavedByGrace]

Ten days for Holidays - well, maybe the Federal govt
but not all employers!

Usually:
New Years Day
Memorial Day (May)
Independence Day (4 Jul)
Labor Day (Sep)
Thanksgiving Day (Nov)
Christmas

Opitional days that might be given:
King day (Jan)
Presidents Day (Feb)
Second Easter ( North Carolina)
Columbus Day (Oct)
Veterans Day (Nov)

Government workers in the UK get 4 weeks holiday in the year after 6 months in the job. Thereafter it rises yearly to about 7-8 weeks each year. Most other employers give 4 weeks plus all the normal days which are roughly 10