[ECB]

Quote:

Originally Posted by bitz49 »

ya but how much is income tax in the US? rather pay 400k in singapore for an M3 and get my income taxed <20%. and lets not even start discussing global tax...

honestly...why are you complaining?
It could be much worse!

I for my part would be better off with the taxation in your country,..or just think of Denmark,Finland etc
You have a lot of freedom to do things you can`t even think of in other countries...so please appreciate it..
I love your country!

[FRM]

Quote:

Originally Posted by bitz49 »

ya but how much is income tax in the US? rather pay 400k in Singapore for an M3 and get my income taxed <20%. and lets not even start discussing global tax...

In Portugal if you earn more than 155000€ per year you get this income taxed with 46.5%. In the UK over 155000£/year you pay 50% in income taxes. And in the northern Europe states, such as Finland and Sweden I believe that the overall taxation is even higher. And with the Eurocrisis this taxes will be aggravated.

This is why company's are trying even harder to get taxes on profits and employees incomes in taxes heavens.

Thats the problem of this socialist governments, that penalize who work to fund the ones who don't want to work, and provide a vast array of services to the population free of charge.

But the USA will experience this socialist reality first hand in some decades if the Democrats continue to implement their plan for universal health care and start funding everything to those who don't work, from housing to personal expenses.

As a businessman I appreciate capitalism, and think that it's one of those things that is great in the USA. It's do or die. After the bailouts and the democrats i'm not so sure of this anymore.

Of course I knew that disparities in prices exist all over the globe, but this case with the BMW M3 MSRP touched me more cause I scouted them in Europe around 2 years ago and all countries considered the best price I had is more than double because at least half of the MSRP goes to state taxes.

[bavmtrwrksftw]

Insanity.

[Mike S]

Quote:

Originally Posted by Chris888 »

SA is very expensive for cars.
Its one of the reasons I want to move to the US, I will hopefully be driving a porsche much sooner than I would be here.

The grass isn't always greener on the other side

Quote:

Originally Posted by bitz49 »

ya but how much is income tax in the US? rather pay 400k in singapore for an M3 and get my income taxed <20%. and lets not even start discussing global tax...

We get taxed half of our income and we have insane car prices.

[KristofD10]

How much % do you actually pay in the US?
I know it's around 40-50% in almost every EU country.

[Dave S]

In Sweden you pay ~30 % income tax and at >85k a year you pay an additional 25 %. So you pay somewhere round 55-60 % income tax.
An barebones M3 coupe costs 110k. The exchange ratio is pretty favorable for us at the moment, rendering the M3 more expensive (compared to U.S. prices) than it actually is.

[Chris888]

Quote:

Originally Posted by Dave S »

In Sweden you pay ~30 % income tax and at >85k a year you pay an additional 25 %. So you pay somewhere round 55-60 % income tax.
An barebones M3 coupe costs 110k. The exchange ratio is pretty favorable for us at the moment, rendering the M3 more expensive (compared to U.S. prices) than it actually is.

55-60% Thats pretty ridiculous.

Quote:

Originally Posted by Mike S »

The grass isn't always greener on the other side

Definately. Will have to wait and see how thing go here.