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Would paying tax at 40% make you feel successful
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Florence61 | Report | 17 Mar 2014 21:04 |
Bob :-) :-) |
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Bobtanian | Report | 17 Mar 2014 20:30 |
we will be taxed until we die, and even then, there will be VAT on the funeral........... |
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OneFootInTheGrave | Report | 16 Mar 2014 14:00 |
Many pensioners this tax year could find they be worse of if they have even a small private pension, this is due to the current Chancellor doing away with the age related allowance for pensioners :-( |
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Renes | Report | 16 Mar 2014 13:45 |
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OneFootInTheGrave | Report | 16 Mar 2014 13:42 |
Thanks for those comments JustJohn and RolloTheRed - If my memory serves me right, in 1985 I paid tax at 30% up to £16,200, then 40% on the next £3,00 of what I earned, then 45% on anything above that, as my salary increased the more tax those starving creatures at HMRC took from me. |
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Harry | Report | 16 Mar 2014 13:28 |
Think we all know that what the chancellor said has some truth, but some will prefer to take it the wrong way. I am no longer in the higher tax bracket but wish I were and would be quite happy if ever I join the happy ? echelons. |
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JustJohn | Report | 16 Mar 2014 12:56 |
Not going to apologise, Rollo. Your fault :-) |
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RolloTheRed | Report | 16 Mar 2014 12:52 |
I think John you misread what I said about French tax. For those on ordinary incomes French tax is now appreciably lower than in the UK ( though employers have to pay a lot more NI ). OTOH those earning over £ 700 K get hammered. The downside is that unemployment is over 10%. |
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JustJohn | Report | 16 Mar 2014 12:31 |
I earn less than £700k, Rollo. Anybody else earn less? Seems like France is the place to live. I could have tea with gorgeous Judith off Eggheads. |
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RolloTheRed | Report | 16 Mar 2014 11:51 |
It is difficult to see £ 41,500 per annum as the pass mark for joining the well off. My niece and family ( in the north of England not London ) earn well over that and find making ends meet with several kids challenging. |
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JustJohn | Report | 16 Mar 2014 11:14 |
I do know during my life that those hovvering just above threshold do sprinkle their speech with "it really does not seem worth working that extra bit just to get hammered by tax". |
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OneFootInTheGrave | Report | 16 Mar 2014 09:55 |
Do you feel successful and aspirational because you pay tax at the 40% rate? |
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