UK income tax from 40 > 50% next month - Page 2 - GoFuckYourself.com

roly · 03-18-2010, 04:12 PM

Quote:

Originally Posted by Paul Markham

It has a lot to do with health care and education. For years the Labour party spent money they had to borrow. Then when the banks failed the debt became unmanageable. Bailing out the banks did not help though.

it was the unforseen billions in the bank bailout and the dip in tax reciepts brought on by the recession that raised taxes, the nhs and education are budgeted for its got nothing to do with them.

IllTestYourGirls · 03-18-2010, 06:43 PM

Quote:

Originally Posted by roly

it was the unforseen billions in the bank bailout and the dip in tax reciepts brought on by the recession that raised taxes, the nhs and education are budgeted for its got nothing to do with them.

The problem was it was not UNFORESEEN it was IGNORED. There is a difference.

Finike · 03-19-2010, 12:10 AM

All the time I paid 50% above 50,000€

epitome · 03-19-2010, 12:19 AM

Quote:

Originally Posted by andrej_NDC

Aren't US taxes about 50% for good earners, too?

Just about that. The Demon pretends like he has investments worth enough to buy me but if he did, he'd know that self-employed high earners in the U.S. give away just about half of every dollar they earn ... the 15% self-employment tax on top of everything else is a bitch.

Of course, that's just on what you bring home ... and even at home you can have deductions or set asides that bring it down.

The Demon fails to realize that in England they get free medical for that tax rate and they don't here. He likes to talk out of his ass.

epitome · 03-19-2010, 12:24 AM

Oh yeah, there is an income threshold on the self-employment tax that increased again for 2009 but I don't know the newest threshold. If you're a really big baller you can smooth out the self-employment tax to where its hardly noticeable.

roly · 03-19-2010, 02:22 AM

Quote:

Originally Posted by smax

While you want to call it "financial armageddon", I call it a market correction

lol, well if you want to call what would have been the biggest depression ever known a "market correction" fair enough. financial armageddon is more apt.

CunningStunt · 03-19-2010, 03:30 AM

It's a good time to be picking up a Spanish Villa on the cheap

halfpint · 03-19-2010, 04:12 AM

Its ridicules over here in the UK what with tax increases and the cost of petrol which will also push a lot of other things up just makes it harder for people to live

Godsmack · 03-19-2010, 06:48 AM

There are plans to raise tax from 52% to 60% in the Netherlands..

pretty sure this will happen..

Tasty1 · 03-19-2010, 08:37 AM

They are crazy here too. I bet they wil rise VAT to 20%, they tried that before the crisis also.

We have to pay for greece that has financial problems. In Greece the people pay much less tax as we do and they stop working when they are 60. We'll have to work till we are 67 and pay 20%+ more taxes. So let's pay for Iceland and Greece so they can retire soon, stupid government here. They forgot we said NO to Europe in a referendum.

I can see 1 good point, maybe we can buy Corfu or Crete.

closer · 03-19-2010, 08:53 AM

Quote:

Originally Posted by Godsmack

There are plans to raise tax from 52% to 60% in the Netherlands..

pretty sure this will happen..

Cyprus or Gibraltar are still good options

EscortBiz · 03-19-2010, 08:55 AM

plain and simple usa, uk, aussie know they have you by the balls, even if they tax you at 95% what will you do, nothing, so just be greatful they allow you to keep anything

03-19-2010, 12:10 AM	#53
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03-19-2010, 04:12 AM	#58
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03-19-2010, 06:48 AM	#59
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03-19-2010, 12:24 AM	#55
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	Oh yeah, there is an income threshold on the self-employment tax that increased again for 2009 but I don't know the newest threshold. If you're a really big baller you can smooth out the self-employment tax to where its hardly noticeable.

03-19-2010, 03:30 AM	#57
CunningStunt Confirmed User Industry Role: Join Date: Aug 2006 Posts: 5,594	It's a good time to be picking up a Spanish Villa on the cheap

03-19-2010, 08:37 AM	#60
Tasty1 Judge Jury and Executioner Industry Role: Join Date: Jan 2005 Location: South-America Posts: 9,282	They are crazy here too. I bet they wil rise VAT to 20%, they tried that before the crisis also. We have to pay for greece that has financial problems. In Greece the people pay much less tax as we do and they stop working when they are 60. We'll have to work till we are 67 and pay 20%+ more taxes. So let's pay for Iceland and Greece so they can retire soon, stupid government here. They forgot we said NO to Europe in a referendum. I can see 1 good point, maybe we can buy Corfu or Crete.