Topic: Tax Return $$

[dave400]

we fill out a form called a w4,on that we can declare our tax witholding status.we can declare single or married and how many deductions we will use to determine how much money is withheld from our paychecks.some folks have more taken out of their check so they can get a refund at the end of the year and spend it on stuff they want to buy.we also can declare how much mortgage interest we paid during the year and we can also declare other items that also helps bring our taxes owed down in our favor.

Lucky buggers, sounds much better than our system of government theft.

No Dave its the same (having experienced both). In the US you get less take-home pay but a no-interest "bonus" at the end of the tax year when they give you your overpaid taxes back (assuming as duster pointed out you dont owe them taxes!). In the UK you get more to take home and dont get the "bonus". I must admit it does FEEL better getting over-paid taxes back once a year...

cheers
Andy

Thanks for the clarification Andy, I almost booked a flight so I could live in a tax friendly country with lot’s of cheap Honda’s /parts.

Cheers
Dave

[dusterdude]

we fill out a form called a w4,on that we can declare our tax witholding status.we can declare single or married and how many deductions we will use to determine how much money is withheld from our paychecks.some folks have more taken out of their check so they can get a refund at the end of the year and spend it on stuff they want to buy.we also can declare how much mortgage interest we paid during the year and we can also declare other items that also helps bring our taxes owed down in our favor.

Lucky buggers, sounds much better than our system of government theft.

No Dave its the same (having experienced both). In the US you get less take-home pay but a no-interest "bonus" at the end of the tax year when they give you your overpaid taxes back (assuming as duster pointed out you dont owe them taxes!). In the UK you get more to take home and dont get the "bonus". I must admit it does FEEL better getting over-paid taxes back once a year...

cheers
Andy

yes it does

[andy750]

Thanks for the clarification Andy, I almost booked a flight so I could live in a tax friendly country with lot’s of cheap Honda’s /parts.

Cheers
Dave

[/quote]

Hey Dave come to Boston and your pound will get 2 of our dollars!! This means you can buy me 2 beers rather than just the one 

At the moment this IS like a TAX-free haven for British/Europeans and they have even begun to accept Euros in NYC! Its a pity I dont get paid in pounds any more.....

cheers
Andy

[sandcastcb750]

I figure that in any time period, any land, that the government takes 40%+ of your income.

It's true here, you just have to add up all the taxes.

[dave400]

I figure that in any time period, any land, that the government takes 40%+ of your income.

It's true here, you just have to add up all the taxes.

 Same here 

Cheers
Dave