Greece Elections

Iraklis F.C. · 3 Jul 2015 at 02:03

Hikari Kisugi said:
26% you think is high?
That what you said you paid, an experienced engineer here would be taxed at 40% on sections of his earnings.

dude,

26% when you earn 12.000 is 3120, youre left with 8880 (this will be raised to 29%)

40% when you earn 50.000 is 20.000, youre left with 30.000

you want me to continue on how much is left of this 8880 after various taxes?
Assuming youre making 12K which most DONT

Tefal · 3 Jul 2015 at 02:09

Iraklis F.C. said:
dude,

26% when you earn 12.000 is 3120, youre left with 8880 (this will be raised to 29%)

40% when you earn 50.000 is 20.000, youre left with 30.000

you want me to continue on how much is left of this 8880 after various taxes?
Assuming youre making 12K which most DONT

but you surely earn closer to 50k than 12k as an engineer.

Also don't you have a tax free or lower threshold at all there? Or is it a blanket 26% from euro 1

Tefal · 3 Jul 2015 at 02:11

M1k3H said:
That is assuming he's making more than the threshold.. which he wouldn't unless he has at least 10-15years of experience... Also the lower rate is 20%, much lower than the 26% in Greece.

Your company is ****ing you as an engineer if they're paying you less than 40k until you've got 10 years.

Iraklis F.C. · 3 Jul 2015 at 02:17

Tefal said:
but you surely earn closer to 50k than 12k as an engineer.

Also don't you have a tax free or lower threshold at all there? Or is it a blanket 26% from euro 1

see thats the problem, you havent got any idea whats going on down here...

26% from Euro 1

Jono8 · 3 Jul 2015 at 09:59

Iraklis F.C. said:
dude,

26% when you earn 12.000 is 3120, youre left with 8880 (this will be raised to 29%)

40% when you earn 50.000 is 20.000, youre left with 30.000

you want me to continue on how much is left of this 8880 after various taxes?
Assuming youre making 12K which most DONT

So you get taxed 40% on all your earnings if you are in the higher rate bracket? That makes zero sense. No one would ever want a pay raise over the threshold as they would likely end up earning less.

FoxEye · 3 Jul 2015 at 10:13

Tefal said:
but you surely earn closer to 50k than 12k as an engineer.

Also don't you have a tax free or lower threshold at all there? Or is it a blanket 26% from euro 1

From what I was reading the other day, doctors, engineers, none of those highly paid professionals report earning more than 12k.

They obviously do get paid more than that, but find ways to report a lot less.

Nobody seriously believes that Greek doctors and engineers earn less than 12k. Otherwise they'd be leaving the country in droves.

Pudney · 3 Jul 2015 at 11:15

Jono8 said:
So you get taxed 40% on all your earnings if you are in the higher rate bracket? That makes zero sense. No one would ever want a pay raise over the threshold as they would likely end up earning less.

No, it's bands just like the UK

Greebo · 3 Jul 2015 at 11:19

FoxEye said:
From what I was reading the other day, doctors, engineers, none of those highly paid professionals report earning more than 12k.

They obviously do get paid more than that, but find ways to report a lot less.

Nobody seriously believes that Greek doctors and engineers earn less than 12k. Otherwise they'd be leaving the country in droves.

Exactly. those 95% of doctors earning under 12,000 euros (£10k) would have jumped ship from Greece to anywhere in the EU to command big wages if it was reallt true that they were only getting paid £10,000 per annum..........

Iraklis F.C. · 3 Jul 2015 at 12:40

Doctors sure earn more than 12K a year and now they sure pay more since taxation is connected to your personal belongings such as houses cars etc (for example they have set standards of living, if you have a fancy house in a fancy district and own a fancy car the IRS tells ya you should be earning 50.000 at least so they tax you on that plus penalties for declaring less, if you do) , but those who are over 40 years old. The youngsters are unemployed.

The engineers except of a handful few are knackered, 12K is what the vast majority earns today. And they do leave in droves, if the situation deteriorates to the extent i wish it doesnt i will leave asap, thank god we have family in Melbourne and New York. I hope i can pull it and have a future, i deserve it after all.

Greebo · 3 Jul 2015 at 12:55

But isnt that right? Clearly, whatever their personal tax returns state that they only earn 12k a year, if their rent is £20k per annum, they have a 2nd holiday house, 2 cars and a boat, shouldn't they be assessed on tax based on 50k per annum? Or at least expected to declare that much income. Again i doubt they will declare their full income, just enough to satisfy the revenue.

And what about all the years they have misdeclared and pay no tax? Is that jsut written off?

The HMRC do that here. If a company owner only has £10k of taxable income but has an expensive house and cars etc, the hmrc will go through his personal bank records and make inquiries where all the extra money has come from to live the lifestyle he has.

I suppose the problem in Greece is that after 20 of 30 years of paying no tax, suddenly loosing a third of your income means the amount of money you spend will plummet and hence the economy takes a hit.

Iraklis F.C. · 3 Jul 2015 at 13:07

Greebo said:
But isnt that right? Clearly, whatever their personal tax returns state that they only earn 12k a year, if their rent is £20k per annum, they have a 2nd holiday house, 2 cars and a boat, shouldn't they be assessed on tax based on 50k per annum? Or at least expected to declare that much income. Again i doubt they will declare their full income, just enough to satisfy the revenue.

And what about all the years they have misdeclared and pay no tax? Is that jsut written off?

The HMRC do that here. If a company owner only has £10k of taxable income but has an expensive house and cars etc, the hmrc will go through his personal bank records and make inquiries where all the extra money has come from to live the lifestyle he has.

I suppose the problem in Greece is that after 20 of 30 years of paying no tax, suddenly loosing a third of your income means the amount of money you spend will plummet and hence the economy takes a hit.

yeah it takes a hit but those who are hit the worst are those who paid their taxes regularly and are now make a living under harsh conditions, believe me in this crisis the sky will fall on the majority but what can i do for them, they were conned and vote for a leftist party who promised them exactly the opposite of what they will deliver them. Sad anyway

Harlequin · 3 Jul 2015 at 13:15

They drew a line in the sand - and IF they can tackle those who have not paid proper tax for years and years , then the situation can be resolved - but that takes time , and the previous government carried on as If not a lot was wrong.

Iraklis F.C. · 3 Jul 2015 at 13:17

You cant touch these guys, their money is out of the country deposited in Switzerland and elsewhere. Good luck with collecting money from these guys.

dowie · 3 Jul 2015 at 13:19

Harlequin said:
They drew a line in the sand - and IF they can tackle those who have not paid proper tax for years and years , then the situation can be resolved - but that takes time , and the previous government carried on as If not a lot was wrong.

Iraklis F.C. said:
You cant touch these guys, their money is out of the country deposited in Switzerland and elsewhere. Good luck with collecting money from these guys.

that is just a tiny portion of them

those who have not paid proper tax = a decent % of your middle class

and they've not all got bank accounts in Switzerland

sure the shipping owners etc.. you'll have a tougher time with them - but your doctors, small business owners etc.. people dealing cash in hand etc..

Harlequin · 3 Jul 2015 at 13:22

Iraklis F.C. said:
You cant touch these guys, their money is out of the country deposited in Switzerland and elsewhere. Good luck with collecting money from these guys.

those who earn 50k+ a year , supermarket store managers etc , cant afford to send their pay out to a foreign country who charge...

PAYE is needed

Iraklis F.C. · 3 Jul 2015 at 13:33

dowie said:
that is just a tiny portion of them

those who have not paid proper tax = a decent % of your middle class

and they've not all got bank accounts in Switzerland

sure the shipping owners etc.. you'll have a tougher time with them - but your doctors, small business owners etc.. people dealing cash in hand etc..

dude, you would be amazed

FoxEye · 3 Jul 2015 at 13:40

Iraklis F.C. said:
dude, you would be amazed

But you honestly can't be surprised, or angry, with the EU/IMF if they - as we are here - look at the situation and think, "If they aren't going to sort their taxation system out, we aren't helping them anymore."

You yourself seem to paint a picture of a system that is broken, and you yourself doubt that it can be fixed?

Iraklis F.C. · 3 Jul 2015 at 13:44

i am neither angry or surprised. I am dissapointed with my self who should have gone away long time ago. Lesson learned, when the dust settles i am outta here.

Dave M · 3 Jul 2015 at 14:14

Iraklis F.C. said:
i am neither angry neither surprised. I am dissapointed with my self who should have gone away long time ago. Lesson learned, when the dust settles i am outta here.

Surely making a quick getaway is easier before the dust settles - it will disguise your escape

Seriously though, it's impossible to know a country without living there a long time. Reading some press and wikipedia is not enough.

Iraklis F.C. · 3 Jul 2015 at 14:26

i cant leave now, 60 euros per day is a laughable sum for living in a city abroad plus i am not sure if a haircut on deposits will happen next week. Better broke in my home rather on the streets somewhere.