Wednesday, March 21, 2007

Taxes: Have you filed?


We're getting close to that April 15th deadline, so I hope you have all done your taxes. As a diversion to your W4's and 1040's, I offer this bit of insight. In Denmark, every item purchased is charged a 25% value added tax (VAT). Regardless of what the item is: food, cars, medicine, clothes. Imagine the price of that new Ford Focus you have been eying if you add a 25% tax to the sticker price (not to mention the 25% duty paid to purchase a new car). The sticker price on a VW Golf in Denmark after VAT & duty, 234.000 DKK ($41,844USD). You could get a Mid-level BMW for that in the US!

Now stop complaining about how much the government is taking from you in taxes and file already!

2 comments:

Scott said...

Have you seen what is going on with Ford lately? Trust me, NOBODY is eying a new Ford Focus.

Anonymous said...

I just filed my taxes on Sunday and got my refund today. Thank you, Uncle Sam!

P.S. You're right, Scott-- no one is eying the Ford Focus because they're all drooling over the Ford Escort Wagon.