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Re: Relocating
:)The U.S. economy the strongest, but also a high degree of concern in the region - New York City, the city's great economic vitality and strength.
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Re: Relocating
The classic example is someone like me, who could spend almost all of their working life in the US, pay almost all of my taxes here, and then retire back to the UK. Sure, I would be paying some taxes in the UK, but hardly enough to pay for the level of healthcare the typical retiree is likely to need. Meanwhile, in such an eventuality, all the Medicare taxes I've paid over my working life would essentially become a free gift to the US government. They would also have to be OK with the new immigrant who finds he has cancer being refused treatment. They would, quite literally, have to be OK with people dying for lack of health care while living in Britain. Who knows ... Americans seem to be fine with the idea. They just block it out I guess. But I somehow feel the British wouldn't accept it - not after all these years of having such a fantastic system. Brits don't pay more tax than Americans when you take into account state taxes, sales tax and property tax. In actual fact they pay less and yet what they get for it is so much more. If money is tight, I hope they raise taxes rather than become the kind of country America is. |
Re: Relocating
Originally Posted by sallysimmons
(Post 8615075)
Brits don't pay more tax than Americans when you take into account state taxes, sales tax and property tax. In actual fact they pay less and yet what they get for it is so much more. If money is tight, I hope they raise taxes rather than become the kind of country America is.
I have not yet moved to the US, so maybe I will find this the case, but my initial research makes me think this is not the case. *Edit - Actually, I have a question on this. Do you mean more in absolute terms, or more in percentage terms? * |
Re: Relocating
Originally Posted by srefre
(Post 8615080)
Really?
I have not yet moved to the US, so maybe I will find this the case, but my initial research makes me think this is not the case. *Edit - Actually, I have a question on this. Do you mean more in absolute terms, or more in percentage terms? * Reality is, it is about the same, they just hide it better in the US. You also generally have to pay far more for healthcare in the US via more expensive medical insurance premiums, something people in the US don't count as an expense. Also more expensive over all for self employed in the US than the UK. |
Re: Relocating
Originally Posted by sallysimmons
(Post 8615075)
They would also have to be OK with the new immigrant who finds he has cancer being refused treatment. They would, quite literally, have to be OK with people dying for lack of health care while living in Britain. Who knows ... Americans seem to be fine with the idea. They just block it out I guess. But I somehow feel the British wouldn't accept it - not after all these years of having such a fantastic system. |
Re: Relocating
The UK system is pretty crap and unsustainable.
It only looks good compared to the US. PS Both the UK and US have a system for not being refused treatment at Hospitals, something that is bankrupting both. |
Re: Relocating
Originally Posted by srefre
(Post 8615080)
Really?
I have not yet moved to the US, so maybe I will find this the case, but my initial research makes me think this is not the case. *Edit - Actually, I have a question on this. Do you mean more in absolute terms, or more in percentage terms? * |
Re: Relocating
Originally Posted by sallysimmons
(Post 8615075)
Right, but my original point still stands. If they changed the system and made it so you couldn't do that, people in Britain would have to be OK with the fact that when you came back home, you had no health care. Your family would have to accept that you couldn't get care when you needed it.
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Re: Relocating
Originally Posted by Giantaxe
(Post 8615218)
The amount the US takes in tax (be it federal, state, local etc) is about 7% lower share of GDP than the UK according to the Economist. Of course, this whole difference and more is made up for in terms of the cost of healthcare (16% of GDP versus about 9% in the UK).
So it seems in the US, you will pay less actual tax on more money, but then spend a load of your 'own money' on healthcare. Assuming you are Mr or Mrs Average of course. |
Re: Relocating
Originally Posted by srefre
(Post 8615299)
The US also has a higher GDP per capita than the UK, about 34% more.
So it seems in the US, you will pay less actual tax on more money, but then spend a load of your 'own money' on healthcare. Assuming you are Mr or Mrs Average of course. |
Re: Relocating
Originally Posted by sallysimmons
(Post 8615075)
Right, but my original point still stands. If they changed the system and made it so you couldn't do that, people in Britain would have to be OK with the fact that when you came back home, you had no health care. Your family would have to accept that you couldn't get care when you needed it.
They would also have to be OK with the new immigrant who finds he has cancer being refused treatment. They would, quite literally, have to be OK with people dying for lack of health care while living in Britain. Who knows ... Americans seem to be fine with the idea. They just block it out I guess. But I somehow feel the British wouldn't accept it - not after all these years of having such a fantastic system. Brits don't pay more tax than Americans when you take into account state taxes, sales tax and property tax. In actual fact they pay less and yet what they get for it is so much more. If money is tight, I hope they raise taxes rather than become the kind of country America is. |
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