Settle an argument about tax bands

glenimp617 · 9 Dec 2016 at 14:58

Hi all,

Can someone please settle an argument

Does someone earning £43,002 pay £1 at 40% tax or £43,002 at 40%

a I understand it, that person would be taxed at:

£11,000 at 0%
£32,001 at 20%
£1 at 40%

however, someone I'm arguing with thinks anyone earning over £43,001 pays the higher rate on all earnings.

===

Personal Allowance Up to £11,000 0%
Basic rate £11,001 to £43,000 20%
Higher rate £43,001 to £150,000 40%
Additional rate over £150,000 45%

Dis86 · 9 Dec 2016 at 14:59

The person you're arguing with is a moron.

Reginald · 9 Dec 2016 at 15:00

Dis86 said:
The person you're arguing with is a moron.

+1

It's as you've said

Steeps · 9 Dec 2016 at 15:07

Ask them what the take home pay would be on someone earning £30,000 and £40,000 using their system, then why would anyone take a job between 40-52k when they would be paid less than someone on less than 40k.

glenimp617 · 9 Dec 2016 at 15:08

Steeps said:
Ask them what the take home pay would be on someone earning £30,000 and £40,000 using their system, and why anyone would take a job between 30k and 40k when they would be paid less than someone earning 29k.

I don't think I can argue with the idiot

Steeps · 9 Dec 2016 at 15:12

glen8 said:
I don't think I can argue with the idiot

Edited my post, maths fail as I had the wrong figures open. Forgot to add back in the tax free 11k

Worthy · 9 Dec 2016 at 15:14

Don't bother arguing with them. They'll drag you down to their level, and beat you with experience.

Dugganator · 9 Dec 2016 at 15:14

guess whos not being taxed at 40% before ....HA!

Semple · 9 Dec 2016 at 15:16

Just ask them to prove their understanding with some maths.

When the numbers don't add up, you can just grin at the confusion on their face.

Ayahuasca · 9 Dec 2016 at 15:17

No point even engaging in conversation with someone that ignorant and dumb.

Mucky_Pup · 9 Dec 2016 at 15:17

https://listentotaxman.com/43002

Show him that. 40% tax paid by someone on £43,002 is 80p

CaptainComedy · 9 Dec 2016 at 15:18

Semple said:
Just ask them to prove their understanding with some maths.

When the numbers don't add up, you can just grin at the confusion on their face.

Did you just assume he could math?! :mad:

Reginald · 9 Dec 2016 at 15:23

Send them a link to this thread? And the listen to tax man website?

Dj_Jestar · 9 Dec 2016 at 15:26

https://www.gov.uk/income-tax-rates/current-rates-and-allowances

Whitewater · 9 Dec 2016 at 17:58

Dis86 said:
The person you're arguing with is a moron.

This.

WillyNelson · 9 Dec 2016 at 18:20

Dis86 said:
The person you're arguing with is a moron.

Destination · 9 Dec 2016 at 18:25

Dis86 said:
The person you're arguing with is a moron.

You can quote us on that

Squark · 9 Dec 2016 at 18:47

Why argue when you can go directly to gov.uk and check?

DRZ · 9 Dec 2016 at 18:48

Dis86 said:
The person you're arguing with is a moron.

listentotaxman.com

Glaucus · 9 Dec 2016 at 18:49

just point him to https://listentotaxman.com/ and let him calculate the tax on his own.

Settle an argument about tax bands

I haz 4090!