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Farm Business
Agricultural Matters
"Tax is a Moral Issue"
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<blockquote data-quote="exmoor dave" data-source="post: 212473" data-attributes="member: 623"><p><em>So; in reality you are paying far less than your imagined 40% gross.</em></p><p> <em></em></p><p><em>I've never seen a person earning over the threshold who who has genuine want - however, I have seen plenty in the lower tax brackets who are, so it doesn't concern me that much, I'm more concerned at those going without the basics</em>.</p><p> </p><p>fag packet maths on a 50k wage</p><p> </p><p>10k at zero</p><p>25k at 20% = 5k</p><p>15k at 40% = 6k</p><p>NI on 40k at 11% = 4.4k</p><p> </p><p>(apologies if any of the above is wrong, maths isn't my strong point)</p><p> </p><p>total 15.4k = 31% of wages paid in tax, so yes abit less than 40% headline figure....but still a lot of money!</p><p> </p><p>mind a 50k wage is a lot of money and yes agree we should be more concerned about people going with out the basics at the lower end, which I guess is where a living wage of sorts comes in.</p><p> </p><p>but what figure a living wage?</p></blockquote><p></p>
[QUOTE="exmoor dave, post: 212473, member: 623"] [I]So; in reality you are paying far less than your imagined 40% gross. I've never seen a person earning over the threshold who who has genuine want - however, I have seen plenty in the lower tax brackets who are, so it doesn't concern me that much, I'm more concerned at those going without the basics[/I]. fag packet maths on a 50k wage 10k at zero 25k at 20% = 5k 15k at 40% = 6k NI on 40k at 11% = 4.4k (apologies if any of the above is wrong, maths isn't my strong point) total 15.4k = 31% of wages paid in tax, so yes abit less than 40% headline figure....but still a lot of money! mind a 50k wage is a lot of money and yes agree we should be more concerned about people going with out the basics at the lower end, which I guess is where a living wage of sorts comes in. but what figure a living wage? [/QUOTE]
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"Tax is a Moral Issue"
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