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Tax free allowance

 
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mrsquirrel



Joined: 13 Dec 2006

PostPosted: Mon Feb 19, 2007 3:57 pm    Post subject: Tax free allowance Reply with quote

Can somebody break down tax payments

Is there a tax free portion of a salary or is the tax applicable to the whole lot?

Are the health and pension payments tax deductible?

Is there anything that can be done to lower ones tax payment? Life assurance payments or mortgage payments?
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ChuckECheese



Joined: 20 Jul 2006

PostPosted: Mon Feb 19, 2007 4:04 pm    Post subject: Reply with quote

Become an American. You get 100% tax break on first two years.
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crsandus



Joined: 05 Oct 2004

PostPosted: Mon Feb 19, 2007 4:12 pm    Post subject: Reply with quote

ChuckECheese wrote:
Become an American. You get 100% tax break on first two years.


Just the first two years?
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ChuckECheese



Joined: 20 Jul 2006

PostPosted: Mon Feb 19, 2007 4:23 pm    Post subject: Reply with quote

crsandus wrote:
ChuckECheese wrote:
Become an American. You get 100% tax break on first two years.


Just the first two years?


Yes, but there's been some claims by others that if you go back home for awhile and come back to work for different public school, you get another 2 year tax break.
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