Originally posted by Freddie200440% is not half of what they earn at all Freddie.
It's half of what people earn!!!!!! Rich people should pay more...but not that much more. And what does it go towards? In England they just spent something like £5million on hospital art....not actual care of patients...ART!!!!! out of taxpayers money.
Leaving aside the obvious.
The first £5k is tax free.
The next £30k (approx) is taxed at 22%
Only after that is taxed charged at 40%
Whilst this is a lot, one way round paying super high salaries is to offer benefits such as private healthcare and pension schemes which avoid tax.
The richer you are the easier it is to avoid paying tax.
Originally posted by invigorateDon't forget the NI on top of that...
40% is not half of what they earn at all Freddie.
Leaving aside the obvious.
The first £5k is tax free.
The next £30k (approx) is taxed at 22%
Only after that is taxed charged at 40%
Whilst this is a lot, one way round paying super high salaries is to offer benefits such as private healthcare and pension schemes which avoid tax.
The richer you are the easier it is to avoid paying tax.
Originally posted by invigoratebut people who use private healthcare still have to pay towards the NHS which then goes and spends the money on artwork 😕
40% is not half of what they earn at all Freddie.
Leaving aside the obvious.
The first £5k is tax free.
The next £30k (approx) is taxed at 22%
Only after that is taxed charged at 40%
Whilst this is a lot, one way round paying super high salaries is to offer benefits such as private healthcare and pension schemes which avoid tax.
The richer you are the easier it is to avoid paying tax.