Poll: Where do you fit in? (IFS income percentile) (*net incomes only - do it correctly!*)

[Hatter The Mad]

Where do you fit in? (IFS income percentile)

Note that the calculator asks for NET INCOME.

Your net income is what you earn after taxes and income contingent tax liabilities (ie student loans) have been deducted from your gross income.

Use listentotaxman.com to find out what that is from your gross earnings.

The calculator: http://www.ifs.org.uk/wheredoyoufitin/

 

[[FnG]magnolia]

Is there something missing? Like the calculator?

 

[King Damager]

Is there something missing? Like the calculator?

kd

 

[Fuzz]

A link would help

DERP

 

[Tibbz2]

This totally makes sense.

 

[Hatter The Mad]

I predict that most people here will find themselves far 'richer' than what they realise. It'll be interesting to compare the distribution here to the whole country:

 

[Skillmister]

I am the 99%

 

[Fuzz]

You MAD Bro!

 

[Hatter The Mad]

Fools, how could you possibly miss the link!

 

[GravyMonster]

^ Is that graph gross or net income?

Also, I found the link, here

 

[Hatter The Mad]

^ Is that graph gross or net income?

Also, I found the link, here

Please now enter your net household income and the period over which you have calculated it.

First, you will need to add together the incomes of yourself, your partner and anyone else who lives with you, after deducting income tax and national insurance. In addition to wage or salary income, don't forget to include any benefits you receive, income from savings and investment, profits or losses from self-employment, and any other sources of income.

 

[Skillmister]

With a household after tax income of £0 per week, you are among the poorest 1% in the population.

 

[AberystwythLAD]

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!

 

[scorza]

Too lazy to work out my net income

 

[SuperTronNarwhal]

I am the 1%

 

[GravyMonster]

Too lazy to work out my net income

http://www.thesalarycalculator.co.uk/salary.php

 

[Hatter The Mad]

Too lazy to work out my net income

www.listentotaxman.com

 

[scorza]

http://www.thesalarycalculator.co.uk/salary.php

Cheers worked it out now. Not sure I want people knowing though

 

[[FnG]magnolia]

Each bar corresponds to an income band of £10, and to maintain a reasonable scale, it has been necessary to truncate the distribution at incomes above £1,100 per week. Around 5%, or 3.2 million individuals, have incomes higher than this, after adjusting for the size and composition of their households. Your income is so high that you lie beyond the far right hand side of the chart.

Are you sure this thing works? I adjusted our incomes to GBP.

 

[Hatter The Mad]

Cheers worked it out now. Not sure I want people knowing though

That's why we are talking percentages