Longest Tunnel in the World

Spursboy · 21 Mar 2007 at 16:00

Natural persons (employees) pay taxes at their place of residence. Federal tax varies by income, while cantonal and communal tax rates vary by place of residence, income and size of assets. Taxation is progressive, whereby the maximum rate takes effect only at very high income levels.

Federal income tax (maximum rate) 11.5%

Cantonal and communal income taxes (examples)

Taxable income of CHF 50'000 5-10%
Taxable income of CHF 500'000 10-25%

Cantonal and communal taxes on assets (examples)

Assets totaling CHF 1'000'000 0.2-0.4%
Maximum rate 0.9%

Church tax (depending on denomination) 0-2.3%

Messiah Khan · 21 Mar 2007 at 16:10

Ah ok, fair enough. So you'd be looking at 10% - 36.5% + asset tax. But thats still not far off our 10%-40% tax rate. Having said that, I don't know what sort of band the majority of Switzerland fall under.

Dr_Evil · 21 Mar 2007 at 16:16

That's one hell of a dig!

D.P. · 21 Mar 2007 at 20:37

thepharcyde said:
Do you also relish the fact that they also pay more tax than us?

correction, they pay less tax than the UK.
For starters, VAT is 7.6% against the UKs 17.5.
The top tax band is 30% against the UKs 40%, and the margins are set much higher.

Fuel tax is less than half the UKs. Alcohol and fag tax both less.
And there are no stealth taxes either, don't forget the council taxes in the UK and utility taxes, etc.

EDIT: and you also get a lot of your tax and money back again. I ean, I get 5.5K CHF (2600GBP) for simply living in the country. If I marry and have children I barely need to work. And 3 cows gets the same pay out as 1 child....

The other nice thing about switzerland is that I get paid far far higher than anywhere in the UK (literly twice the pay), and my accomodation cost is half that of when I lived in Edinburgh.

Aod · 21 Mar 2007 at 21:47

this thread is proof that Switzerland am the rox0rs

spike's · 21 Mar 2007 at 22:56

D.P. said:
correction, they pay less tax than the UK.
For starters, VAT is 7.6% against the UKs 17.5.
The top tax band is 30% against the UKs 40%, and the margins are set much higher.

Fuel tax is less than half the UKs. Alcohol and fag tax both less.
And there are no stealth taxes either, don't forget the council taxes in the UK and utility taxes, etc.

EDIT: and you also get a lot of your tax and money back again. I ean, I get 5.5K CHF (2600GBP) for simply living in the country. If I marry and have children I barely need to work. And 3 cows gets the same pay out as 1 child....

The other nice thing about switzerland is that I get paid far far higher than anywhere in the UK (literly twice the pay), and my accomodation cost is half that of when I lived in Edinburgh.

can i have a job?