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Author Those who are in the 40% tax bracket
Nath
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Registered: 3rd Apr 02
Location: MK
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3rd Jun 12 at 10:42   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Sunz
Poor guy, how will he survive on that wage.


Tax is nice though eh?

Players don't avoid tax and certainly dont get wages paid as loans. Our tax actually stops some players choosing English teams over Spainish teams.
Sunz
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Registered: 12th Jan 07
Location: SE England
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3rd Jun 12 at 10:59   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Nath
quote:
Originally posted by Sunz
Poor guy, how will he survive on that wage.


Tax is nice though eh?

Players don't avoid tax and certainly dont get wages paid as loans. Our tax actually stops some players choosing English teams over Spainish teams.


What they do is legal but they still avoid paying tax with the image rights loop hole.

How greedy do you need to be to think like that though, I wont play in the UK because I'll only earn £100k a week after tax, not worth the hassle.
Nath
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Registered: 3rd Apr 02
Location: MK
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3rd Jun 12 at 11:04   View User's Profile U2U Member Reply With Quote

Yes, its very greedy. Same as film stars earning $20m for a film. Or a golfer getting $2.5m for 4 days work.

Not that anybody with a brain would turn that cash down however.

[Edited on 03-06-2012 by Nath]
taylorboosh
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Registered: 3rd Apr 07
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3rd Jun 12 at 11:15   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Sunz
quote:
Originally posted by Nath
quote:
Originally posted by Sunz
Poor guy, how will he survive on that wage.


Tax is nice though eh?

Players don't avoid tax and certainly dont get wages paid as loans. Our tax actually stops some players choosing English teams over Spainish teams.


What they do is legal but they still avoid paying tax with the image rights loop hole.

How greedy do you need to be to think like that though, I wont play in the UK because I'll only earn £100k a week after tax, not worth the hassle.



not greed imo, they have earned the cash, they should not be raped on it
AK
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Registered: 5th Jul 00
Location: Aberdeen City
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3rd Jun 12 at 11:36   View User's Profile U2U Member Reply With Quote

.... no, they should.

If the average person earning 30k a year has to pay aprox 27% of his/her salary to TAX why on earth should more fortunate people get out of it?

Nath
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Registered: 3rd Apr 02
Location: MK
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3rd Jun 12 at 11:40   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by AK
.... no, they should.

If the average person earning 30k a year has to pay aprox 27% of his/her salary to TAX why on earth should more fortunate people get out of it?




Agreed.
Ben G
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Registered: 12th Jan 07
Location: Essex
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3rd Jun 12 at 13:50   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Nath
Like this footballer?




Ex liverpool riise?
IvIarkgraham
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Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
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3rd Jun 12 at 13:56   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Nath
quote:
Originally posted by Sunz
Poor guy, how will he survive on that wage.


Tax is nice though eh?

Players don't avoid tax and certainly dont get wages paid as loans.


except if you join Rangers
Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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3rd Jun 12 at 14:06   View User's Profile U2U Member Reply With Quote

Still must be gutting to lose 55k straight away.
Nath
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Registered: 3rd Apr 02
Location: MK
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3rd Jun 12 at 14:09   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by IvIarkgraham
quote:
Originally posted by Nath
quote:
Originally posted by Sunz
Poor guy, how will he survive on that wage.


Tax is nice though eh?

Players don't avoid tax and certainly dont get wages paid as loans.


except if you join Rangers


taylorboosh
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Registered: 3rd Apr 07
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3rd Jun 12 at 14:13   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by AK
.... no, they should.

If the average person earning 30k a year has to pay aprox 27% of his/her salary to TAX why on earth should more fortunate people get out of it?






Every one should be charged the same %
Nath
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Registered: 3rd Apr 02
Location: MK
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3rd Jun 12 at 14:15   View User's Profile U2U Member Reply With Quote

Is it Norway that has a flat tax rate?
taylorboosh
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3rd Jun 12 at 14:23   View User's Profile U2U Member Reply With Quote

Not sure... Don't see why the rich should be penalised for being rich though
Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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3rd Jun 12 at 14:49   View User's Profile U2U Member Reply With Quote

Agreed
AK
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Registered: 5th Jul 00
Location: Aberdeen City
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3rd Jun 12 at 14:50   View User's Profile U2U Member Reply With Quote

Norway has different rates.... cant remember the details but I think they start at 40%, 50% for 'normal'. I was offered a job over their a few years back - great wage but was a bit aprehensive about the tax situation

BUT

they get a fair bit more for their tax in my opinion


I agree with John though....

100%, it should be a flat rate for all salaries.

Folk that normaly earn more have more than likely taken a few years of being in debt to get to that point - worked hard, been ambitious etc etc. Most graduates dont simply walk into 50k+ jobs. Fee for example is a solicitor - she 'had' to endure 2 years of a traineeship that pays somthing like 14k a year What the fuck is that about. I think my first real job (2001) paid about 17k a year after being at uni for 4 years or so.

Why should they (WE) make up the shortfall for those that have no ambition, no drive, no desire to work.

I dont mind folk getting benifits if they are just and correct - if they simply cannot find work but WANT to work.

Those that just sit back and sponge or open their legs to get an easy ride (of the benifits system) should just be fucking put down.

RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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3rd Jun 12 at 14:58   View Garage View User's Profile U2U Member Reply With Quote

Adam, my missus has just been offered her placement to do her 2 years articles at a legal firm in Manchester, best part of 2 hours commute away from home and they've offered her £12k a year which is ridiculous as she currently works at Aldi and is in the 40% tax bracket-we can't justify the drop in wages to get her into the job she really wants just yet
AK
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Registered: 5th Jul 00
Location: Aberdeen City
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3rd Jun 12 at 15:08   View User's Profile U2U Member Reply With Quote

exactly - i just dont get that!

I think Fee was on 11k for the first year, 14k second year then up to 32k for 3rd year (or 1st real year)... after 6 or 7 years of study
RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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3rd Jun 12 at 15:17   View Garage View User's Profile U2U Member Reply With Quote

with that commute as well, knock off tax and NIC and she'll basically be paying to do her articles which doesn't seem justified
emicen
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Registered: 26th Jul 10
Location: Glasgow
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5th Jun 12 at 16:44   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by James
All of the tax avoidance ideas that have been suggested are valid, but they won't actually result in more money in your pocket each month.



Incorrect.

Changing pension contributions to salary sacrifice puts more in to your pension and increases your take home.
taylorboosh
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Registered: 3rd Apr 07
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5th Jun 12 at 17:12   View User's Profile U2U Member Reply With Quote

I think anyone who disagrees with a flat rate is jelous

I'm not in the 40% band either... In fact less than half
AK
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Registered: 5th Jul 00
Location: Aberdeen City
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5th Jun 12 at 18:17   View User's Profile U2U Member Reply With Quote

what are the bands?

I thought it was something like 7k tax free, then upto 40'ish k at 22%, 40-lots of k 40%
MarkM
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Registered: 11th Apr 01
Location: Liverpool
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5th Jun 12 at 18:33   View User's Profile U2U Member Reply With Quote

Should deffo be a flat rate. No way you should be penalised more for being a high earner.
taylorboosh
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Registered: 3rd Apr 07
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5th Jun 12 at 19:35   View User's Profile U2U Member Reply With Quote

Not sure... I doubt I will ever break into it
AK
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Registered: 5th Jul 00
Location: Aberdeen City
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5th Jun 12 at 20:16   View User's Profile U2U Member Reply With Quote

Rates % 10-11 11-12 12-13
Lower Rate n/a n/a n/a
Basic Rate 20% 20% 20%
Higher Rate 40% 40% 40%
Additional Rate 50% 50% 50%


Bands £ 10-11 11-12 12-13
Lower Rate n/a n/a n/a
Basic Rate 0 - 37,400 0 - 35,000 0 - 34,370
Higher Rate 37,401+ 37,401 - 150,000 34,371 - 150,000
Additional Rate 150,000+ 150,000+ 150,000+

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