But it must take your overall pay bracket somewhere between 100,000 and 140,000
so you're not exactly hard done by are you.
(Bazongaloid, Thu 15 May 2014, 15:38, 3 replies, latest was 11 years ago)

Didn't you read?
She works REALLY hard
( tangledupinblue hairy badge with moving eyes, Thu 15 May 2014, 15:40, Reply)

I've never understood this argument.
It's as if nurses don't work hard, or that if someone cleans the streets really, really, really hard they ought to be paid 500K a year.
(Bazongaloid, Thu 15 May 2014, 15:51, Reply)

even you can't think that this policy makes sense

( rachelswipe with a fork, Thu 15 May 2014, 15:46, Reply)

No, you're quite right - you need the money more

( tangledupinblue hairy badge with moving eyes, Thu 15 May 2014, 15:47, Reply)

No I don't,
I'd rather they simplified the system and said up to £10,000 tax free, up to £50,000 20%, up to £100,000 40% up to £1,000,000 60% and maybe above that 65%, or possibly not bother. But also make it apply to any income regardless of whether it's shares, or paye or earnings from renting out your property or whatever.

The complexity is where it is possible to fiddle the sums to pay very little tax when earning obscene amounts. It's wrong when someone earning a million pays proportionally less then someone 40K.

But equally, if your take home pay in a year is over 100K, you're doing pretty fucking well and shouldn't complain too loudly.
(Bazongaloid, Thu 15 May 2014, 15:50, Reply)

40% is fine
i don't have a problem with that. and i agree with most of what you say re any income.

but 60% is demotivating. who would want to work that hard when they are giving 2/3's of it away?
( rachelswipe with a fork, Thu 15 May 2014, 15:54, Reply)

Exactly how much harder does someone earning £500,000 work than someone earning £35,000?
I imagine they probably sit in an office, probably a nicer office, and have someone to bring them coffee, probably nicer coffee too.

The job they do may be judged to be worth that much more, but what are they actually doing that is so much harder that it deserves a near exponentially greater (I'm being figurative here) degree of reward?
(Bazongaloid, Thu 15 May 2014, 16:02, Reply)

It's more to do with the level of responsibility the job carries, be that responsibility for securely employing others, shareholder return etc.

( Fucking hell Jeff I am not a robot, Thu 15 May 2014, 16:04, Reply)

it's not just about working hard, and you know it, although that is a part of it
you get paid for your skills too. not everyone can be a brain surgeon. that is why the top consultants earn so much money.
( rachelswipe with a fork, Thu 15 May 2014, 16:07, Reply)

They do, they earn very high salaries and pay a reasonable proportion of that back in tax
What they have left allows them to live a very nice lifestyle, not rich beyond the dreams of avarice, but very comfortable and without many worries, assuming they don't have gambling habits or crack addictions.
(Bazongaloid, Thu 15 May 2014, 16:11, Reply)

crack £10 salad
(Reverend Fister "a disciplined fuckwit", Thu 15 May 2014, 16:18, Reply)

not really the point is it

( Naked Ape call me Caitlyn, Thu 15 May 2014, 15:51, Reply)

No, it's exactly the point.

(Bazongaloid, Thu 15 May 2014, 15:51, Reply)

but it's earned
it's not given. eg today i should really be in bed, but i'll be here til about 9pm, and i was at my desk by 8.
( rachelswipe with a fork, Thu 15 May 2014, 15:54, Reply)

And you are rewarded commensurately

(Bazongaloid, Thu 15 May 2014, 16:00, Reply)

but then some pricks nicks more than half of it
doesn't seem fair really
( Naked Ape call me Caitlyn, Thu 15 May 2014, 16:00, Reply)

Are you suggesting that Swipe has paid over £50,000 in tax this year?
Because if you are, I might remind you that you are a bent spastic.

And wrong to boot.
(Bazongaloid, Thu 15 May 2014, 16:03, Reply)

i meant of her bonus

( Naked Ape call me Caitlyn, Thu 15 May 2014, 16:03, Reply)

personally i would make bonuses under £5k or so tax free
they are incentives. bonuses for bankers etc are part of their salary, and should be taxed accordingly.
( rachelswipe with a fork, Thu 15 May 2014, 16:08, Reply)

And so is your bonus, so it is taxed accordingly.
Don't think of it as a 5K bonus, think of it as a 2.5K bonus. 2.5K you say? Wow, that's a lovely big sum of money. I could go on a really nice holiday for two weeks with that kind of money. An unexpected two week holiday all paid for? How lovely, what a bonus!
(Bazongaloid, Thu 15 May 2014, 16:13, Reply)

or GIMME BACK MY WEEKENDS AND EVENINGS, IT'S NOT WORTH IT
next year i might not work them. then nobody gets anything. well done, government. way to motivate people.
( rachelswipe with a fork, Thu 15 May 2014, 16:28, Reply)

You seem unhappy in your job.
You should probably have a good look at your life and think about doing something that actually makes you happy.
(Bazongaloid, Thu 15 May 2014, 16:29, Reply)

i like my job v much
but it's extremely demanding. maybe everyone with demanding jobs that pay well should chuck them in. the country would do just fine then.
( rachelswipe with a fork, Thu 15 May 2014, 16:34, Reply)

Are you not well paid for your demanding job?
You seem to be, maybe if you don't feel you are well paid enough you should work harder, or move to a job that's better paid. That would seem the sensible thing to do, right?
(Bazongaloid, Thu 15 May 2014, 16:38, Reply)

maybe i should shit out 3 crotchfruit and hold out my hand instead?
( rachelswipe with a fork, Thu 15 May 2014, 16:50, Reply)

Do you have any idea how hard it is looking after kids?

(Bazongaloid, Thu 15 May 2014, 16:54, Reply)

imagine if you put in all that effort, all those late nights and missed social occasions and everything
and someone took 60% of your kid's love and thought you should be damn grateful to get the remaining bit. what would you think of that person then, eh?
( rachelswipe with a fork, Thu 15 May 2014, 16:57, Reply)

You think money is equivalent to love? Interesting.

(Bazongaloid, Thu 15 May 2014, 17:03, Reply)

that does not answer the entirely serious question that i posed in any way

( rachelswipe with a fork, Thu 15 May 2014, 17:05, Reply)

I think it says a lot about you that the comparison came so easily to you.

(Bazongaloid, Thu 15 May 2014, 17:08, Reply)

Also, as I'm leaving London in the next couple of months, are you ever going to come for burritos?

(Bazongaloid, Thu 15 May 2014, 17:09, Reply)

YES!!! get it sorted.
clendrix should come too!
( rachelswipe with a fork, Thu 15 May 2014, 17:12, Reply)

and when you build in council tax, VAT, fuel duty, alcohol duty etc etc it probably will be more than 50%

( Naked Ape call me Caitlyn, Thu 15 May 2014, 16:04, Reply)

But why would you do that?
I mean, the only reason to try and tie in a series of totally unrelated issues would be to try and cover up the ridiculous assertion you made with distorted figures right?
(Bazongaloid, Thu 15 May 2014, 16:09, Reply)

more than half as income tax?
Doesn't happen.
(dozers, do fuck off ur a nob m8, Thu 15 May 2014, 16:05, Reply)

What about total deductions?

( Fucking hell Jeff I am not a robot, Thu 15 May 2014, 16:07, Reply)

well of course that can happen, but it's relatively straightforward to plan one's affairs to minimise personal taxes and maximise tax free allowances.
No doubt your IFA can advise you on this for a fee.
(dozers, do fuck off ur a nob m8, Thu 15 May 2014, 16:12, Reply)

typical "red"

( Naked Ape call me Caitlyn, Thu 15 May 2014, 15:56, Reply)