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-   -   UK income tax from 40 > 50% next month (https://gfy.com/showthread.php?t=958968)

closer 03-17-2010 06:20 PM

UK income tax from 40 > 50% next month
 
Next month it will be in effect, anyone earning more then £150K will have to pay 50% income tax instead of the current 40%. Any UK guys ready to move abroad?

L-Pink 03-17-2010 06:25 PM

What percentage does Jagger pay?


.

EscortBiz 03-17-2010 06:32 PM

taxes in most countries will rise, rich and poor alike, when you tax the rich even if you remove the tax on poor altogether they still get hit hard.

DateDoc 03-17-2010 06:40 PM

Tax havens will be raising their prices for citizenship to cash in on all those wishing to leave their country of birth. St. Kitts is about $400k but $350k of that you could theoretically get back as you have to buy govt approved real estate with it.

L-Pink 03-17-2010 06:49 PM

GIMME SHELTER .... Stones style

The Stones pay just 1.6% tax on royalties (concerts ?)

http://www.thisismoney.co.uk/tax/inc...&in_page_id=77


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DaddyHalbucks 03-17-2010 06:50 PM

Socialism blows.

Argos88 03-17-2010 06:52 PM

How much does ABRAMOVICH pay ?

Cyber Fucker 03-17-2010 06:55 PM

Holly shit! This is fucking daylight robbery! I would never agree to pay such a "tax?".

xmas13 03-17-2010 07:06 PM

"The Rolling Stones have paid just 1.6% tax on their earnings of £242m over the past 20 years."

:1orglaugh:1orglaugh:1orglaugh

strobi 03-17-2010 07:25 PM

Quote:

Originally Posted by closer (Post 16955438)
Next month it will be in effect, anyone earning more then £150K will have to pay 50% income tax instead of the current 40%. Any UK guys ready to move abroad?

Who would you need to earn 150K or more? Just keep your cash in the company, or move it to a trust or something (I'm no tax expert, lol!).

strobi 03-17-2010 07:26 PM

Quote:

Originally Posted by Cyber Fucker (Post 16955504)
Holly shit! This is fucking daylight robbery! I would never agree to pay such a "tax?".

We"re at 58.5% income tax over here :Oh crap

woj 03-17-2010 07:33 PM

That's ridiculous, great short term solution but I'm suspecting it will back fire on them...

xmas13 03-17-2010 07:33 PM

http://www.trexglobal.com/property-m...07/taxman1.gif

The Demon 03-17-2010 08:17 PM

Gotta love socialism. You didn't think you'd be getting universal healthcare and education for free, did you?

borked 03-18-2010 12:00 AM

Well, it is 50% on anything earned above 150k, not 50% on 150k :2 cents:

BIGTYMER 03-18-2010 12:00 AM

That blows.... :(

96ukssob 03-18-2010 12:05 AM

WOW thats huge

heymatty 03-18-2010 12:07 AM

I'm British :) Its great there but much easier to live here in sunny Scottsdale. I have to spend a lot less to heat the pool.

Oh and that tax thing. Medical expenses balance it a bit though.

andrej_NDC 03-18-2010 01:12 AM

Western Europe is fucked up, but if the people don't care and don't do shit about it, serves them right.

SimonScans 03-18-2010 02:09 AM

It's not the income tax that sucks - its the sales tax at 17.5% and likely to go up to 19-20% after the election in May.

closer 03-18-2010 02:15 AM

Quote:

Originally Posted by SimonScans (Post 16956075)
It's not the income tax that sucks - its the sales tax at 17.5% and likely to go up to 19-20% after the election in May.

True, taxes and duties in Europe are sky rocketing high

Holland: 52% income tax on income above ?55K, 19% VAT rate (except on food 6%), fuel has 66% duties

Altwebdesign 03-18-2010 02:28 AM

jee, its getting worse over here!
im paying 20% and thats still a damn lot!

v4 media 03-18-2010 02:30 AM

Foreign 'executives' in Spain only pay 18%

andrej_NDC 03-18-2010 02:34 AM

Quote:

Originally Posted by v4 media (Post 16956107)
Foreign 'executives' in Spain only pay 18%

Everyone pays 19% in Slovakia, companies, individuals, no income limits.

Paul Markham 03-18-2010 02:34 AM

Quote:

Originally Posted by SimonScans (Post 16956075)
It's not the income tax that sucks - its the sales tax at 17.5% and likely to go up to 19-20% after the election in May.

Quote:

Originally Posted by The Demon (Post 16955669)
Gotta love socialism. You didn't think you'd be getting universal healthcare and education for free, did you?

The UK is about to pay for 13 years of Gordon Brown. And if you end up with a Labour and Liberal alliance Government it will be a bigger bill. Spending money you don't have is not always the way to wealth.

Dappz 03-18-2010 03:03 AM

wow this is ridiculous

andrej_NDC 03-18-2010 03:03 AM

Quote:

Originally Posted by The Demon (Post 16955669)
Gotta love socialism. You didn't think you'd be getting universal healthcare and education for free, did you?

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

SimonScans 03-18-2010 03:17 AM

Quote:

Originally Posted by Paul Markham (Post 16956116)
The UK is about to pay for 13 years of Gordon Brown. And if you end up with a Labour and Liberal alliance Government it will be a bigger bill. Spending money you don't have is not always the way to wealth.

My main hope is that Gordon wins or we do get hung parliament. If this happens the pound will collapse for sure, and dollars and euros will be worth lots and lots. :)

Paul Markham 03-18-2010 03:28 AM

Quote:

Originally Posted by SimonScans (Post 16956158)
My main hope is that Gordon wins or we do get hung parliament. If this happens the pound will collapse for sure, and dollars and euros will be worth lots and lots. :)

Very true for us in this business. It will also leave Gordon to clear up the mess he created. If the Conservatives get a majority they will get the blame for clearing it up.

Sarah_Jayne 03-18-2010 04:47 AM

It is Labour or the Conservatives winning...not Gordon or David unless they are your actual MP. If Labour wins Brown will be out at the first possible opportunity. Which makes it all the more important to vote for the party vs the leader. If he manages to lead the party to a squeaker of a win they will push him out. It will give them five years to try to find somebody else to stand again.

Barefootsies 03-18-2010 06:51 AM

Quote:

Originally Posted by EscortBiz (Post 16955466)
taxes in most countries will rise, rich and poor alike, when you tax the rich even if you remove the tax on poor altogether they still get hit hard.

:2 cents:

roly 03-18-2010 08:34 AM

Quote:

Originally Posted by The Demon (Post 16955669)
Gotta love socialism. You didn't think you'd be getting universal healthcare and education for free, did you?

its the bailing out of the capitalist banks that has forced the tax increase, it has nothing to do with healthcare and education.

u-Bob 03-18-2010 08:49 AM

Quote:

Originally Posted by roly (Post 16956673)
its the bailing out of the capitalist banks that has forced the tax increase, it has nothing to do with healthcare and education.

There's nothing capitalist about what banks do and why they needed the bailout. In a capitalist society, a real free market, banks wouldn't be able to do what they do and wouldn't get bailouts.

http://mises.org/hoppeintro.asp

roly 03-18-2010 09:03 AM

Quote:

Originally Posted by u-Bob (Post 16956707)
There's nothing capitalist about what banks do and why they needed the bailout. In a capitalist society, a real free market, banks wouldn't be able to do what they do and wouldn't get bailouts.

http://mises.org/hoppeintro.asp

investment banks are privately owned (although they are gambling with other peoples money), how can it not be capitalism?

i didn't say the bailout was capitalistic, the british government, and other governments around the world, had no choice but to bail out the banking sector. it couldn't be allowed to collapse, that would have been financial armageddon.

smax 03-18-2010 09:18 AM

Quote:

Originally Posted by andrej_NDC (Post 16956139)
Aren't US taxes about 50% for good earners, too?

No top bracket is 35%





Quote:

Originally Posted by roly (Post 16956747)
investment banks are privately owned (although they are gambling with other peoples money), how can it not be capitalism?

it couldn't be allowed to collapse, that would have been financial armageddon.


Free market is the word, not capitalism, in a real free market AIG and rest of the crooks on Wall St would have failed. While you want to call it "financial armageddon", I call it a market correction

BestXXXPorn 03-18-2010 09:55 AM

Quote:

Originally Posted by smax (Post 16956805)
Free market is the word, not capitalism, in a real free market AIG and rest of the crooks on Wall St would have failed. While you want to call it "financial armageddon", I call it a market correction

Eg-fucking-zactly... I hate all the BS people spout about how the free market has failed and point to these things as "evidence"... We never had a free market people it's full of government regulation, bailouts, and back door deals facilitated by our own government...

People blame "greedy wall street" and execs when really the government is to blame. The fact that a business man or company is after money is a constant, it's unchanging. When the government steps in to regulate, every regulation can then be used as a club by companies and businesses to push their own agenda and punish their competition. Our own government is what creates these issues and to correct their mistakes they pass more regulation and more regulation and more regulation... and then they start bailing bad business out. Nobody is too big to fall, it doesn't work like that, that's media hype and the government looking for an excuse to hide behind for gaining a larger foothold into regulating and controlling everything they can. This doesn't even touch on how they fuck with the market via interest rates, tax breaks, and minimum wage...

IllTestYourGirls 03-18-2010 10:38 AM

At least you have free health care.

Got Porn? 03-18-2010 10:53 AM

Quote:

Originally Posted by andrej_NDC (Post 16956139)
Aren't US taxes about 50% for good earners, too?

In the US the highest federal tax bracket for individuals is 35% on income more than $373,650. And we also have to pay state tax, social security, medicare, etc.. I think that ends up being about 45%.

Got Porn? 03-18-2010 11:00 AM

U.S. Federal Income Tax Brackets

http://3.bp.blogspot.com/_7VCdlb0ogA...x+brackets.bmp

seeandsee 03-18-2010 11:03 AM

Quote:

Originally Posted by closer (Post 16955438)
Next month it will be in effect, anyone earning more then £150K will have to pay 50% income tax instead of the current 40%. Any UK guys ready to move abroad?

wow country wants all jez


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