Does anyone here pay 50p tax?

[Angilion]

Yes because people just die off when things are too expensive.

Yes, they do. Or they revolt. Either way, lots of corpses. What would you do with them?

It is a viable move. We don't need many peasants to do essential work any more. Modern technology does most of it now. But you would need to do something with all the corpses.

 

[Hatter The Mad]

Because it's not real income. Above a certain level, it's a score.

You have no idea, then.

 

[toshj]

So no, I wouldn't feel hard done by to be part of a massively privileged elite solely because of some largely fictitious number that didn't matter. I'd still have the wealth and I'd still have the higher score in the game.

I believe the hard done by feeling is putting in a 12-14 hour shift a day in order to earn decent money, and then receiving less than 50% in your net pay check. Knowing that 55% of your time worked in the office is essentially you working for free can be quite demoralising... especially as plenty of these high paid jobs require incredibly stressful hours and responsibilities.

 

[Bear]

over 100k a year or whatever it is. must be like living on a different planet compared to us minions.

You would be very surprised that it means little when you still cant afford a nice 3 bedroom house even earning that amount

 

[Mr Joshua]

Because it's not real income. Above a certain level, it's a score.

I agree with this.

This seems to be yet another example of the entitlement culture of the UK .

 

[robgmun]

Because it's not real income. Above a certain level, it's a score.

Let's say some miracle happens and I get given a job in which I would nominally "earn" silly money.

My pay is £250K.

It's inflated to £500K by my employer so I can have a better score. Woo, I have more bignumbers! I have have reached at least level 50 in World of Moneycraft!

My pay is still £250K. I'm still very rich. I still have lots of fun money. I still have power and status. I have still won the game. It makes no difference that half of a largely fictitious larger number isn't real.

So no, I wouldn't feel hard done by to be part of a massively privileged elite solely because of some largely fictitious number that didn't matter. I'd still have the wealth and I'd still have the higher score in the game.

Is that the lefties new angle then? I would prefer if a job advertised that it was 250,000 and i got the whole amount and they hid the tax i pay, rather then know i was getting 500,000 and getting half taken away

 

[Angilion]

I believe the hard done by feeling is putting in a 12-14 hour shift a day in order to earn decent money, and then receiving less than 50% in your net pay check. Knowing that 55% of your time worked in the office is essentially you working for free can be quite demoralising... especially as plenty of these high paid jobs require incredibly stressful hours and responsibilities.

So you work long hours and have responsibilities...and your take-home is 2000% of the take-home of people who work 60-75% of your hours and have lesser responsibilities. You're not being hard done by.

Would you feel better if your income tax was seperated from your income and paid under a different name?

Scenario 1:

Your real pay is £250K. Your employer knows that income tax exists, so they inflate your stated pay to £500K so you take home £250K.

Oh noes, you are working for nothing and are dreadfully hard done by!

Scenario 2:

Your real pay is £250K. You pay no income tax (your employer pays £250K to the treasury as a business tax). So you take home £250K.

You pay no income tax at all! No doubt you can find some other reason to feel hard done by for being one of the most privileged people in the world, but at least you're not being taxed!

As I see it, none of the money I don't get is mine. If my pay was inflated by any amount of money and that increase was taken out of it as tax, I wouldn't care. It would make no difference to me.

 

[toshj]

So you work long hours and have responsibilities...and your take-home is 2000% of the take-home of people who work 60-75% of your hours and have lesser responsibilities. You're not being hard done by.

Would you feel better if your income tax was seperated from your income and paid under a different name?

Scenario 1:

Your real pay is £250K. Your employer knows that income tax exists, so they inflate your stated pay to £500K so you take home £250K.

Oh noes, you are working for nothing and are dreadfully hard done by!

Scenario 2:

Your real pay is £250K. You pay no income tax (your employer pays £250K to the treasury as a business tax). So you take home £250K.

You pay no income tax at all! No doubt you can find some other reason to feel hard done by for being one of the most privileged people in the world, but at least you're not being taxed!

As I see it, none of the money I don't get is mine. If my pay was inflated by any amount of money and that increase was taken out of it as tax, I wouldn't care. It would make no difference to me.

But who's to say your salary is inflated? Unfortunately for anyone without the experiences of sitting within the 50% tax bracket and are unaware of the (frequent) associated stresses, your opinion is completely based upon fictional reactions and responses. Again (and I'm going on the assumption you're not a 50% payer - if you are then feel free to tell me to shut up ) it's wholly impossible to say how you'd react to losing such a large chunk of your earnings.

Just my two cents though.

 

[Deleted member 66701]

You have no idea, then.

Actually, he seems to have it spot on

 

[MoRT489]

It is not just the privileged who get paid top salaries, some people actually work hard to get where they want to be and improve themselves at great cost to themselves (both financially and personally) and then maintain that level of development in high stress, high pressure working environments.

A lot of people are also forgetting that the higher salaries tend to be paid in the south of England where the cost of living and housing are MUCH higher than in the north, so £150k+ down south goes nowhere near as far as it would up north and the tax hit is potentially more of a burden.

 

[scorza]

It is not just the privileged who get paid top salaries, some people actually work hard to get where they want to be and improve themselves at great cost to themselves (both financially and personally) and then maintain that level of development in high stress, high pressure working environments.

Lots of people work hard, improve themselves at great cost to themselves (both financially and personally) and maintain that level of development in high stress, high pressure working environments and don't earn top salaries.

A lot of people are also forgetting that the higher salaries tend to be paid in the south of England where the cost of living and housing are MUCH higher than in the north, so £150k+ down south goes nowhere near as far as it would up north and the tax hit is potentially more of a burden.

Most people down south don't earn anywhere near £150k, and make do.

 

[realBabelfish]

Because it's not real income. Above a certain level, it's a score.

Let's say some miracle happens and I get given a job in which I would nominally "earn" silly money.

My pay is £250K.

It's inflated to £500K by my employer so I can have a better score. Woo, I have more bignumbers! I have have reached at least level 50 in World of Moneycraft!

My pay is still £250K. I'm still very rich. I still have lots of fun money. I still have power and status. I have still won the game. It makes no difference that half of a largely fictitious larger number isn't real.

So no, I wouldn't feel hard done by to be part of a massively privileged elite solely because of some largely fictitious number that didn't matter. I'd still have the wealth and I'd still have the higher score in the game.

you are right. most big earners get the pay after tax is included. the only people not to are people who own their own business. so, if someone earns 500k their employer has taken into account the fact that there will be mucho tax so they double it. if there was no tax they wouldnt still double it.

people who own their own companies can fudge the system in so many ways with dividends and expenses that hardly anyone else can claim it evens itself out.

 

[Greebo]

There are 3.5m people in this country in the top tax band.

And although I agree that it costs a lot more to live down south where most of the top bracket earners no doubt live, earning over £150,000 per annum is a lot of money, wherever you live.

AT £150,000 your net take home after tax and NI is over £90,000 pa. That is a take home which is 4.5 times the national average.

House prices and cost of living are NOT 4.5 times more expensive down south.

 

[realBabelfish]

You would be very surprised that it means little when you still cant afford a nice 3 bedroom house even earning that amount

define 'nice' how do the rest of us manage earning much, much less than that? the national average is 1/4 of that.

 

[Greebo]

You would be very surprised that it means little when you still cant afford a nice 3 bedroom house even earning that amount

Please show me excluding obvious places like Knightsbridge, where you can't afford a nice 3 bedroom house on £90,000 per annum take home? My bosses mortgage on his 11 bedroom mansion with swimming pool is only £4500 per month.

 

[realBabelfish]

Is that the lefties new angle then? I would prefer if a job advertised that it was 250,000 and i got the whole amount and they hid the tax i pay, rather then know i was getting 500,000 and getting half taken away

well, i guess that they think people who earn 250k might be bright enough to work that out. since people on min wage are expected to.

this is the way it has worked for YEARS. if you are on say 35k and due a pay rise. they will up it to what is the right amount AFTER TAX as they know you will get stung a bit when going up a tax bracket.

this theory that employers dont understand that is very naive, its how every business works.

 

[realBabelfish]

But who's to say your salary is inflated? Unfortunately for anyone without the experiences of sitting within the 50% tax bracket and are unaware of the (frequent) associated stresses, your opinion is completely based upon fictional reactions and responses. Again (and I'm going on the assumption you're not a 50% payer - if you are then feel free to tell me to shut up ) it's wholly impossible to say how you'd react to losing such a large chunk of your earnings.

Just my two cents though.

so its more stressful to work 'slightly longer hours' (i say that as ive never met a company director/owner who works longer hours than any fulltime member of staff) also remember the lovely director loans, average extra MONTH holiday most employers offer to directors. OVER the fact that many lower bracket earners get stress about trivial things like rent/mortgage and worrying if they can afford food.

i also see many directors/senior managers offloading stress onto minions who earn nowhere near that. often a company director's PA has a much more stressful life than the director.

 

[Angilion]

But who's to say your salary is inflated? Unfortunately for anyone without the experiences of sitting within the 50% tax bracket and are unaware of the (frequent) associated stresses, your opinion is completely based upon fictional reactions and responses. Again (and I'm going on the assumption you're not a 50% payer - if you are then feel free to tell me to shut up ) it's wholly impossible to say how you'd react to losing such a large chunk of your earnings.

Just my two cents though.

Any salary at that level is automatically inflated because employers are aware of the existence of tax. The inflation is inherent - if you wish to pay someone £x, you must inflate their salary to £y, where y - tax = x.

So it is possible to say how I would react to being paid £x. It is irrelevant how much tax is added on top of that £x. I'm not losing anything.

i) You get paid £250K, so your employers inflate it to £350K because £350K attracts £100K tax.

ii) You get paid £250K and pay no tax.

iii) You get paid £250K, so your employers inflate it to £500K because £500K attracts £250K tax.

iv) You get paid £250K, so your employers inflate it to £1,000,000 because £1,000,000 attracts £750,000 tax.

In every one of those scenarios, you get paid £250K. Why do you think there are huge differences between them?

The term "earnings" is irrelevant. We're not talking about what people earn. We're talking about what people get paid, which needn't be in any way related to what they earn.

 

[realBabelfish]

It is not just the privileged who get paid top salaries, some people actually work hard to get where they want to be and improve themselves at great cost to themselves (both financially and personally) and then maintain that level of development in high stress, high pressure working environments.

A lot of people are also forgetting that the higher salaries tend to be paid in the south of England where the cost of living and housing are MUCH higher than in the north, so £150k+ down south goes nowhere near as far as it would up north and the tax hit is potentially more of a burden.

prove anything other than mortgages are more. i call your bluff.

taxis in london are the same price as up here. internet isnt more expensive to shop on. BT dont charge you more. care prices are very similar. supermarkets charge the same, as do national companies like Argos and M&S and beer is the same price, as is food.

the 1980s called and wants their argument back. its no longer the case.

PLUS: yes, the houses are more. but you can sell them and get that cash back. then either emigrate, move north, move west etc etc.

 

[Greebo]

PLUS: yes, the houses are more. but you can sell them and get that cash back. then either emigrate, move north, move west etc etc.

Very ture. I get fed up of "rich" people selling their houses for £500,000 down south and then moving to my village and buying a house for £250,000 and have no mortgage.