Posted April 28, 2011 A common misconception. You only pay 40% on the income in that bracket. So if you earn 40k you only pay 40% on 5k. In some countries though, that is the case. Some DO have you getting less after you reach a new taxband Share this post Link to post Share on other sites
Posted April 28, 2011 What are they like there in Kanto? Share this post Link to post Share on other sites
Posted April 28, 2011 What are they like there in Kanto? They spend it all in the Game Corner and fund Team Rocket Share this post Link to post Share on other sites
Posted April 28, 2011 I don't live in the same country as you My fathers colleagues bend the overtime rules because of that very reason Share this post Link to post Share on other sites
Posted April 28, 2011 Where do you live? I always assumed Ireland. Share this post Link to post Share on other sites
Posted April 28, 2011 A common misconception. You only pay 40% on the income in that bracket. So if you earn 40k you only pay 40% on 5k. I came here to post that exact same thing. It's amazing how many people don't realise you only pay the 40% rate on what you earn above 40k. And the same for every other band. You only pay that rate for what you earn above it. Share this post Link to post Share on other sites
Posted April 28, 2011 A common misconception. You only pay 40% on the income in that bracket. So if you earn 40k you only pay 40% on 5k. It really confuses me as to how people who don't understand basic principle of the system don't stop to think how it makes no sense that, under their version of the system, someone who earns £29,999 pays £5999 (@20%) in tax, and someone who earns £30,001 pays £9000 (@30%), and don't question it. Share this post Link to post Share on other sites
Posted April 28, 2011 I guess it doesn't matter too much, the people that can't work that out are never likely to need to do so anyway. Share this post Link to post Share on other sites
Posted April 28, 2011 I'd still say regardless it's something to moan about, rich or poor, paying tax is awful. Seeing that money going out of your bank is such a royal arse, sure it does go to something, but sometimes thats difficult to remember. Share this post Link to post Share on other sites
Posted April 28, 2011 I don't live in the same country as you My fathers colleagues bend the overtime rules because of that very reason It's the same for NI as it is for the rest of the UK. "If you have more than £35,000 but less than £150,000 of taxable income, you will have to pay a higher rate of 40 per cent tax on the amount above £35,000 and below £150,000." Share this post Link to post Share on other sites
Posted April 28, 2011 I totally agree that it sucks, but its a neccesary evil. I crai every month when I see over £300 going out... it is the worst for the people that are JUST into the supertax bracket... my dad has paid £1000 tax in a month on many occasions, and he's not hugely rich He might not be hugely rich, but still...I only just earn over a grand a month. (After tax). And by just, we're only talking 60 quid. So, he must have been earning a fair bit if he's paying almost as much in tax as I make. Tax sucks, but it has to be done, unfortunately. I'm sure there are many people who would love to be in a position that you find yourself in. Share this post Link to post Share on other sites
Posted April 28, 2011 I only just earn over a grand a month. (After tax). And by just, we're only talking 60 quid. So you earn £1060? Share this post Link to post Share on other sites
Posted April 28, 2011 So you earn £1060? Yeah, 1066 to be exact. (Battle of Hastings, only reason I can remember that exact number. ) So yeah, just over a grand. Which, isn't an awful lot. But then, better than being unemployed and being on a supply teacher's wage which I was on last year, which fluctuates and isn't "safe" to live off since you don't know how much you'll be getting. Share this post Link to post Share on other sites
Posted April 28, 2011 Yeah, 1066 to be exact. (Battle of Hastings, only reason I can remember that exact number. ) I don't get why you said just over a grand. And then felt the need to give a more accurate figure. Why not just leave it at "just over a grand" or say £1066 in the first place? Share this post Link to post Share on other sites
Posted April 28, 2011 I don't get why you said just over a grand. And then felt the need to give a more accurate figure. Why not just leave it at "just over a grand" or say £1066 in the first place? Because I typed just over, and then thought that it really could have meant anything, so added the extra part afterwards. What "just over" means to me could be different to what it means to someone else. Also, ultimately, does it matter? The answer: Nooooooopeydooonope. I'll post in the way that I want to, thanks. Share this post Link to post Share on other sites
Posted April 28, 2011 Also, ultimately, does it matter? The answer: Nooooooopeydooonope. I've never understood this response. What does matter exactly? Share this post Link to post Share on other sites
Posted April 28, 2011 If I was eating crispy chilli beef, I'd be choking right now. Good show lads. Share this post Link to post Share on other sites
Posted April 28, 2011 I've never understood this response. What does matter exactly? What are you complaining about now? The whole point was that Raineeng's Dad must be earning a decent bit of dough if he's paying (not always, sometimes) a grand in tax, which is roughly what I earn. The reply which I gave made that point very clear, in my opinion. It doesn't matter how exactly I said it, whether I gave a short response or a slightly longer one, whether I used the exact amount, or whether I post a vague amount before giving a bit more detail. That doesn't matter, because the point was perfectly made. I initially gave a vague amount, but expanded, because I fucking wanted to. Share this post Link to post Share on other sites
Posted April 28, 2011 What are you complaining about now? The whole point was that Raineeng's Dad must be earning a decent bit of dough if he's paying (not always, sometimes) a grand in tax, which is roughly what I earn. The reply which I gave made that point very clear, in my opinion. It doesn't matter how exactly I said it, whether I gave a short response or a slightly longer one, whether I used the exact amount, or whether I post a vague amount before giving a bit more detail. That doesn't matter, because the point was perfectly made. I initially gave a vague amount, but expanded, because I fucking wanted to. It's just Moogle being his anal-retentive self. Share this post Link to post Share on other sites
Posted April 28, 2011 It's just Moogle being his anal-retentive self. Yeah and it's annoying. Share this post Link to post Share on other sites
Posted April 28, 2011 It's fine everywhere once in a while. But, every thread. You've got to know when to stop. Shit, I've reverted back into teacher mode. Share this post Link to post Share on other sites
Posted April 28, 2011 The only difference is that you give infractions rather than detentions. Share this post Link to post Share on other sites
Posted April 28, 2011 The only difference is that you give infractions rather than detentions. Haha, I've given out a fair few detentions already. One of my minions thought it would be hilarious to bury himself in the sandpit... Infractions? I cannae give those out.... Share this post Link to post Share on other sites
Posted April 28, 2011 I've reverted back into teacher mode. Shit fucking I want to see you teach. Seriously. Do you ever slide a few Arnie quotes for fun? Naturally half of them won't get them but that's part of the magic. Share this post Link to post Share on other sites
Posted April 28, 2011 I can imagine him shouting "Get to da choppa" when the bell rings at the end of class. Share this post Link to post Share on other sites
