Steve
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Post by Steve on Aug 1, 2024 18:18:19 GMT
No, for that extra £44 he's losing £150 (your figures) so the tax on that is 300%
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Post by Zany on Aug 1, 2024 18:22:45 GMT
No, for that extra £44 he's losing £150 (your figures) so the tax on that is 300% Its still tiny compared to his overall earnings. £104 over 5 months. |
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Steve
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Post by Steve on Aug 1, 2024 18:25:50 GMT
So what, I was talking about marginal tax rates and it's plain stupid as well as unfair to have any of those over 100%
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Post by Zany on Aug 1, 2024 19:02:03 GMT
So what, I was talking about marginal tax rates and it's plain stupid as well as unfair to have any of those over 100% I don't think anyone would consider 300% tax on 2% of your earnings is a high tax |
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Steve
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Post by Steve on Aug 1, 2024 20:10:30 GMT
Well you're wrong as clearly at least he and I think so.
Any tax rate over 100% is theft pure and simple. To vest that on the poorest just makes it worse
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Post by Zany on Aug 1, 2024 20:23:36 GMT
Well you're wrong as clearly at least he and I think so. Any tax rate over 100% is theft pure and simple. To vest that on the poorest just makes it worse In a perfect world. |
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Steve
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Post by Steve on Aug 1, 2024 20:42:59 GMT
Agreed but is you don't know where true North is you end up going South
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Post by Zany on Aug 1, 2024 21:29:42 GMT
Agreed but is you don't know where true North is you end up going South Or NNW |
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Post by MrBenn on Aug 18, 2024 18:51:26 GMT
So what, I was talking about marginal tax rates and it's plain stupid as well as unfair to have any of those over 100% I don't think anyone would consider 300% tax on 2% of your earnings is a high tax Smoke and mirrors. A 300% tax on 2% of your earnings is the same as a 6% tax on 100% of your earnings. So why not say so? |
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Post by Zany on Aug 18, 2024 19:23:38 GMT
I don't think anyone would consider 300% tax on 2% of your earnings is a high tax Smoke and mirrors. A 300% tax on 2% of your earnings is the same as a 6% tax on 100% of your earnings. So why not say so? Welcome to the forum Mr Benn. I think there will be borderline cases who lose out, but not the guy in question. |
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