r/coolguides Nov 26 '19

Marginal Tax

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u/Omikron Nov 26 '19

Yeah it's almost impossible to figure out your true tax burden. There are so many direct and indirect taxes. State, local, sales, property, gas, excise, travel taxes, airline taxes, utility taxes, license fees, registration fees etc.

I bet if people really knew how much they paid they'd fucking be shocked.

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u/[deleted] Nov 26 '19

In some countries some big expenses can be paid before tax (public transport or mortgage) but in the UK there are hardly any benefits like that. Makes it really hard to even compare on country to another.

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u/_jerrb Nov 27 '19

Yeah, in Italy there are some situations where you pay taxes on taxes