Pakistan CRAZY Taxes on Middle Class will Push Millions to Leave

[FreedomToThink]

 

[ahmadbhutta]

Everyone wants to leave now except @FOOLS_NIGHTMARE

 

[FreedomToThink]

 

[FreedomToThink]

The military establishment can still buy and sell property with full Tax exemption.

 

[PakFactor]

Everyone wants to leave now except @FOOLS_NIGHTMARE

He lives in the UK.

 

[vsdoc]

Not surprised. For us Indians who joined PDF early days, PDF used to be a forum run by firang Pakistanis, but with lots of native Pakistanis living right next door to us. One by one we've actually seen guys we know get up and leave. Unlike PakAffairs which used to be almost purely a UK expat crowd. Now there are a few hardy souls loke @Fatman17 and @Areesh and @DESERT FIGHTER who I know left behind. PDF is now a forum of expat honorary faujis. Who will take a flight to come fight us.

 

[Fatman17]

Not surprised. For us Indians who joined PDF early days, PDF used to be a forum run by firang Pakistanis, but with lots of native Pakistanis living right next door to us. One by one we've actually seen guys we know get up and leave. Unlike PakAffairs which used to be almost purely a UK expat crowd. Now there are a few hardy souls loke @Fatman17 and @Areesh and @DESERT FIGHTER who I know left behind. PDF is now a forum of expat honorary faujis. Who will take a flight to come fight us.

Good to see you are in fine fiddle

 

[HeratKabul]

Pakistani people are adaptable , they will accept and comply to the masters as they have been doing since past 7 decades.

The rulers know how to keep awam distracted thru falsified narratives- Gaza, Trump, Kashmir and so on.

 

[SaadH]

Everyone wants to leave now except @FOOLS_NIGHTMARE

Jamedar heaven

 

[Fatman17]

Pakistani people are adaptable , they will accept and comply to the masters as they have been doing since past 7 decades.

The rulers know how to keep awam distracted thru falsified narratives- Gaza, Trump, Kashmir and so on.

And what about Afghanistan.
You got rid of the king
Then you had Soviet masters
Then you became a terrorist sanctuary
Then you had American masters
Now back to terrorist sanctuary
And you ran off to Europe

 

[PakFactor]

And you ran off to Europe

Bhai sab, I spilled coffee, so I have to move out of the chair and get another one.

 

[EugeneP]

OK, let me see:

Per, https://taxcalculator.pk/incom-tax-slabs

Income Tax Slabs​

As per the latest income tax regulations for the year 2024-2025, the following slabs and income tax rates will be applicable for salaried persons:

• Where the taxable salary income does not exceed Rs. 600,000, the rate of income tax is 0%.
• Where the taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000, the rate of income tax is 5% of the amount exceeding Rs. 600,000.
• Where the taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 2,200,000, the rate of income tax is Rs. 30,000 + 15% of the amount exceeding Rs. 1,200,000.
• Where the taxable salary income exceeds Rs. 2,200,000 but does not exceed Rs. 3,200,000, the rate of income tax is Rs. 180,000 + 25% of the amount exceeding Rs. 2,200,000.
• Where the taxable salary income exceeds Rs. 3,200,000 but does not exceed Rs. 4,100,000, the rate of income tax is Rs. 430,000 + 30% of the amount exceeding Rs. 3,200,000.
• Where the taxable salary income exceeds Rs. 4,100,000, the rate of income tax is Rs. 700,000 + 35% of the amount exceeding Rs. 4,100,000.

If you runaway to U.K.,

I live in England, Wales or Northern Ireland – what's my income tax rate for 2024/25?

EARNINGS (IF YOU LIVE IN ENGLAND, WALES OR NORTHERN IRELAND)	RATE
Under your personal allowance (PA) For most, £12,570	No income tax payable
Between PA and PA + £37,700 (basic rate) For most, over £12,570 to £50,270	20%
Between PA + £37,701 and £125,140 (higher rate) For most, over £50,271 to £125,140	40% (1)
Over £125,140 (additional rate)	45%

(1) Personal allowance drops by £1 for every £2 earned between £100,000 and £125,140.
I live in Scotland – what's my income tax rate for 2024/25?

EARNINGS (IF YOU LIVE IN SCOTLAND)	RATE
Under your personal allowance (PA) For most, £12,570	No income tax payable
Between PA and PA + £2,306 (starter rate) For most, over £12,570 to £14,876	19%
Between PA + £2,307 and PA + £13,991 (basic rate) For most, over £14,877 to £26,561	20%
Between PA + £13,992 and PA + £31,092 (intermediate rate) For most, over £26,562 to £43,662	21%
Between PA + £31,093 and £62,430 (higher rate) For most, over £43,663 to £75,000	42% (1)
Between PA + £62,431 and £125,140 (advanced rate) For most, over £75,001 to £125,140	45%
Over £125,140 (top rate)	48%

(1) Personal allowance drops by £1 for every £2 earned between £100,000 and £125,140.

If one is as successful in U.K. as in Pakistan (corresponding to the local income level), one would be paying higher tax rates in U.K. It may not be profitable to run away. Of course, living in U.K. is nicer for a lot of other reasons compared to Pakistan. But Tax rate does not seem to be the main attraction. ​

 

[Fatman17]

Bhai sab, I spilled coffee, so I have to move out of the chair and get another one.

 

[Fatman17]

OK, let me see:

Per, https://taxcalculator.pk/incom-tax-slabs

Income Tax Slabs​

As per the latest income tax regulations for the year 2024-2025, the following slabs and income tax rates will be applicable for salaried persons:

• Where the taxable salary income does not exceed Rs. 600,000, the rate of income tax is 0%.
• Where the taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000, the rate of income tax is 5% of the amount exceeding Rs. 600,000.
• Where the taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 2,200,000, the rate of income tax is Rs. 30,000 + 15% of the amount exceeding Rs. 1,200,000.
• Where the taxable salary income exceeds Rs. 2,200,000 but does not exceed Rs. 3,200,000, the rate of income tax is Rs. 180,000 + 25% of the amount exceeding Rs. 2,200,000.
• Where the taxable salary income exceeds Rs. 3,200,000 but does not exceed Rs. 4,100,000, the rate of income tax is Rs. 430,000 + 30% of the amount exceeding Rs. 3,200,000.
• Where the taxable salary income exceeds Rs. 4,100,000, the rate of income tax is Rs. 700,000 + 35% of the amount exceeding Rs. 4,100,000.

If you runaway to U.K.,

I live in England, Wales or Northern Ireland – what's my income tax rate for 2024/25?

EARNINGS (IF YOU LIVE IN ENGLAND, WALES OR NORTHERN IRELAND)	RATE
Under your personal allowance (PA) For most, £12,570	No income tax payable
Between PA and PA + £37,700 (basic rate) For most, over £12,570 to £50,270	20%
Between PA + £37,701 and £125,140 (higher rate) For most, over £50,271 to £125,140	40% (1)
Over £125,140 (additional rate)	45%

(1) Personal allowance drops by £1 for every £2 earned between £100,000 and £125,140.
I live in Scotland – what's my income tax rate for 2024/25?

EARNINGS (IF YOU LIVE IN SCOTLAND)	RATE
Under your personal allowance (PA) For most, £12,570	No income tax payable
Between PA and PA + £2,306 (starter rate) For most, over £12,570 to £14,876	19%
Between PA + £2,307 and PA + £13,991 (basic rate) For most, over £14,877 to £26,561	20%
Between PA + £13,992 and PA + £31,092 (intermediate rate) For most, over £26,562 to £43,662	21%
Between PA + £31,093 and £62,430 (higher rate) For most, over £43,663 to £75,000	42% (1)
Between PA + £62,431 and £125,140 (advanced rate) For most, over £75,001 to £125,140	45%
Over £125,140 (top rate)	48%

​

(1) Personal allowance drops by £1 for every £2 earned between £100,000 and £125,140.​

​

If one is as successful in U.K. as in Pakistan (corresponding to the local income level), one would be paying higher tax rates in U.K. It may not be profitable to run away. Of course, living in U.K. is nicer for a lot of other reasons compared to Pakistan. But Tax rate does not seem to be the main attraction. ​

I'm not a expert but you cannot make such a comparison. FX rate, inflation, households (large families) etc make it more difficult to survive in Pakistan than the UK or USA etc.

 

[EugeneP]

I'm not a expert but you cannot make such a comparison. FX rate, inflation, households (large families) etc make it more difficult to survive in Pakistan than the UK or USA etc.

That is why I said, compared to local economic status. Standard of living can be relative. One may need a good car to go to work in U.K. while a motorcycle may be just fine in Pakistan. One has to pay huge heating bills for homes in winter in U.K. while there is no such expense in Pakistan.