America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Vendit™ who wrote (24834)	7/5/1999 5:28:00 AM
From: John Walliker	Read Replies (2) of 41369

Vendit, OT I think....AOL has most of the ISP cusomers. The UK also has free health care......and 70% taxation of wages. They also tax local phone usage per minute........their Internet penetration per household is only about 10% where as in the USA it is about 40%......and mostly paying customers by choice. I don't know where you get these numbers from. The highest rate of income tax is 40%, but most people pay less than 20% overall taking into account the various thresholds for differing tax rates. On top of this there is "national insurance" at 12.2% on part of the salary above a threshold. Most goods are taxed (VAT) at 17.5%, although it is much more for some items like petrol (gas) where about 85% of the cost is tax. Back on topic ... Freeserve is not the only UK threat to AOL. Many other companies offer free internet access for the cost of a local phone call. I am using the BT free service with ISDN connection at 64kbit/s. The cost of the local call is further discounted by nearly 40% through various discounts that can be combined for preferred numbers. The service is almost never busy and when it has been, I have always connected on the first retry. John

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