thursday 1 Posted June 19, 2009 Share Posted June 19, 2009 the UK will hit 50% as top rate. And then National Health Contributes on top. How can these tax payers not be angry. Link to post Share on other sites
HelperElfMissy 42 Posted June 19, 2009 Share Posted June 19, 2009 AGREED! Was discussing this just this morning with my 16yr old son. Explaining the sliding scale of tax in Aus (no flat rate here mate!) and also about payroll tax...he was gobsmacked. His only question................ Is that not a disincentive for people to be industrious and work hard? HELLO! If a 16yr old get's it - why does not government? Link to post Share on other sites
griller 9 Posted June 19, 2009 Share Posted June 19, 2009 Problem is, people - however pissed off at taxes - still do work hard and try to get a higher salary, even if the % of it you actually get slides down, you still are getting more. Link to post Share on other sites
HelperElfMissy 42 Posted June 19, 2009 Share Posted June 19, 2009 Originally Posted By: griller Problem is, people - however pissed off at taxes - still do work hard and try to get a higher salary, even if the % of it you actually get slides down, you still are getting more. Well....we do. But in our business we have had people knock back overtime because it will put them in a higher tax bracket - and then ask to be paid cash if we want them to work. Hmmm...well...that does not really benefit OUR tax position then does it? So NO. Silly how people think sometimes. Link to post Share on other sites
thursday 1 Posted June 19, 2009 Share Posted June 19, 2009 if your rate keeps sliding, then you'll end up with nothing. There is a max rate you hit and then you get really angry and blow an artery and die. Link to post Share on other sites
bobby12 0 Posted June 19, 2009 Share Posted June 19, 2009 This is why some regions have very low taxes, to attract in wealthy tax-escapees. I think Gibralta, Cayman Islands and probably Monte Carlo are like this. Link to post Share on other sites
Go Native 70 Posted June 19, 2009 Share Posted June 19, 2009 Originally Posted By: griller Problem is, people - however pissed off at taxes - still do work hard and try to get a higher salary, even if the % of it you actually get slides down, you still are getting more. I'm doing my very best not to work harder and am not trying to get a higher salary (at least I'm not prepared to work harder to get it). Link to post Share on other sites
stemik 14 Posted June 19, 2009 Share Posted June 19, 2009 Originally Posted By: thursday the UK will hit 50% as top rate. And then National Health Contributes on top. How can these tax payers not be angry. one of the main reasons i moved back to Japan Link to post Share on other sites
indosnm 0 Posted June 19, 2009 Share Posted June 19, 2009 Originally Posted By: Mamabear But in our business we have had people knock back overtime because it will put them in a higher tax bracket - and then ask to be paid cash if we want them to work. Hmmm...well...that does not really benefit OUR tax position then does it? So NO. Silly how people think sometimes. People freak out about going into the next tax bracket. If they did the maths, for someone to be close enough to the next bracket it would generally only slightly increase their tax paid (by less than one percent). BUT at the end of the day they still have more money in their hand than they would have had they not done the overtime! personally, I think Ruddy needs to think about the slashing of the concessional contribution rates from $100k to $50k (then eventually to $25k including super guarantee 9%). I thought they were trying to get people to self fund their retirement by contributing to super???? Link to post Share on other sites
BagOfCrisps 24 Posted June 19, 2009 Share Posted June 19, 2009 It depresses me to think about it. Link to post Share on other sites
griller 9 Posted June 19, 2009 Share Posted June 19, 2009 Worked it out today - looks like I get 77% of mine Link to post Share on other sites
thursday 1 Posted June 20, 2009 Share Posted June 20, 2009 that's not too bad. THe Pay as you earn system (UK) takes it before you get it in the pocket, so it feels like you're taking ALL sly... Link to post Share on other sites
veronica 2 Posted June 24, 2009 Share Posted June 24, 2009 My tax seems to have increased again. I worked it out I got 78% of my total salary last year taking out income tax, health insurance and the necessary town/ken taxes whatever they are. Link to post Share on other sites
bobby12 0 Posted June 24, 2009 Share Posted June 24, 2009 Calculated it properly and it is 81% even though my rent has been taken off. Pretty damn good. Link to post Share on other sites
RobBright 35 Posted June 25, 2009 Share Posted June 25, 2009 After rent, bills, tax probably about 66% or so Link to post Share on other sites
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