Poll: Where do you fit in? (IFS income percentile) (*net incomes only - do it correctly!*)
- Thread starter Hatter The Mad
- Start date
Caporegime
Why does it ask for council tax amount? That's a bizarre thing to solely deduct, and leave out things like mortgage/rent/bills/etc.
you have a higher income than around 99% of the population - equivalent to about 60.1 million individuals.
the hell? im only a welding engineer..
edit; single, no kids ect ect
What did you expect for ~£60k net if you're single?
It's upto you how much you want to pay in bills and rent. How is it fair to compare after deductions someone who pays £25k in rent and someone who pays £10k in rent. Rent and bills aren't taxes.
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Caporegime
It's up to you how much council tax you pay in a way.
Bills I was referring to basic utilities. Stuff you cannot get away with not paying, just like council tax.
Bills I was referring to basic utilities. Stuff you cannot get away with not paying, just like council tax.
Not really. You could say its up to you how much income tax you pay if we go down that route.
Rents and bills are not taxes.
Caporegime
But you still have to pay them, kiddo. :E
Caporegime
Not even remotely. Believe it or not, some people are put off buying properties based on council tax band/rate.
The same way people are put off working more due to top rates of income tax...
Either way, every household has to pay council tax in some way. The service if in the same council should be equivalent. Therefore it is a valid deduction.
Im a student, therefore, i take all your hard earned cash and spent it on booze, escorts, condoms and takeaways. Its at this point i'd like to thank you all and show my appreciation for it all! I doubt i'll ever pay a penny of it back so the least I could do is be grateful!
I am a student and yet I earn more than 66% of the population...
...don't pay any tax though
Caporegime
Troll harder :>
Not even slightly. The employee is always going to be earning higher net income from payrises. You do not earn a lower net-income by having a bigger gross-income. You can buy the same size house in a different county and have cheaper council tax though :<.
I am a student and yet I earn more than 66% of the population...
...don't pay any tax though
66% of the single population. (edit: i'm partially wrong, see post #77 for correction)
Optimisation decisions don't require a loss in income.
Also I doubt council tax differentials are much of a motivator for location relative to other larger considerations such as rent/mortgage payments. It is one of the rationales for having council tax based on property value. It's like a poll tax of sorts.
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Caporegime
And are therefore irrelevant to this discussion \o/
or 38% if I add a pretend second adult that I am supporting...
My point was, if you think about it, single people are likely to have lower independent incomes to begin with. Married people are older and the decision to have kids is still a financial decision. Even separately it is possible the incomes of individuals in married households is likely to be higher.
So it isn't entirely inaccurate to say income is higher than 66% of the population. It is 66% of single households.
edit:
http://www.ifs.org.uk/wheredoyoufitin/
That seems to suggest they have already created a mapping system which doesn't require separate distributions. So you might be able to say you are better off than 66% of households (still can't say population though).
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Caporegime
95%?! Ha! How did that happen?
Im a student, therefore, i take all your hard earned cash and spent it on booze, escorts, condoms and takeaways. Its at this point i'd like to thank you all and show my appreciation for it all! I doubt i'll ever pay a penny of it back so the least I could do is be grateful!
You're buying escorts whilst you're a student? WTF? Dude, just go out on a night out. :/
Not that I'm that sort of guy, but c'mon. :/