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Post by The Squeezed Middle on Jan 27, 2024 7:49:52 GMT
Nope, you've shown yourself up as a fool again. 
I pay 20% income tax and 13.25% NI on the first £50k of my income - total tax: 33.25%.
And on my income above £50k I pay 3.25% NI and 40% income tax - total tax: 43.25%.
(Subject to the Personal Allowance).
So I pay absolutely more tax as well as proportionally more tax than a basic rate taxpayer.
Oh, and since you seem to also be numerically illiterate, 3.25% is not less than 3% or .3%.
So you do pay less NI contribution like I said And you Call me a fool . Nope.
Fool.
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Post by Totheleft on Jan 27, 2024 8:01:10 GMT
So you do pay less NI contribution like I said And you Call me a fool . Nope.
Fool.
LOL your so Foolish you don't even know when.your Wrong. |
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Post by The Squeezed Middle on Jan 27, 2024 8:03:58 GMT
LOL your so Foolish you don't even know when.your Wrong. The irony. |
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Post by dappy on Jan 27, 2024 9:44:07 GMT
Nope, you've shown yourself up as a fool again.
I pay 20% income tax and 13.25% NI on the first £50k of my income - total tax: 33.25%.
And on my income above £50k I pay 3.25% NI and 40% income tax - total tax: 43.25%.
(Subject to the Personal Allowance).
So I pay absolutely more tax as well as proportionally more tax than a basic rate taxpayer.
Oh, and since you seem to also be numerically illiterate, 3.25% is not less than 3% or .3%.
Just for the record employee National Insurance is 10% at “basic rate” and 2% over that. As far as I know 2% is lower than 3%….. You normally pay a higher total percentage as income grows but you get some pretty weird effects at times once you factor in withdrawal of married couple allowance and child benefit. It’s not a well designed system. |
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Post by The Squeezed Middle on Jan 27, 2024 15:43:08 GMT
Nope, you've shown yourself up as a fool again.
I pay 20% income tax and 13.25% NI on the first £50k of my income - total tax: 33.25%.
And on my income above £50k I pay 3.25% NI and 40% income tax - total tax: 43.25%.
(Subject to the Personal Allowance).
So I pay absolutely more tax as well as proportionally more tax than a basic rate taxpayer.
Oh, and since you seem to also be numerically illiterate, 3.25% is not less than 3% or .3%.
Just for the record employee National Insurance is 10% at “basic rate” and 2% over that. As far as I know 2% is lower than 3%….. You normally pay a higher total percentage as income grows but you get some pretty weird effects at times once you factor in withdrawal of married couple allowance and child benefit. It’s not a well designed system. I'll fully admit that I don't know the exact numbers - I was working on lefty's figures (which disproved his own argument).
However, I am aware that above £50k NI goes down and income tax goes up such that the total tax take is higher ie the exact opposite of lefty's claim.
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Post by Totheleft on Jan 27, 2024 21:08:50 GMT
Just for the record employee National Insurance is 10% at “basic rate” and 2% over that. As far as I know 2% is lower than 3%….. You normally pay a higher total percentage as income grows but you get some pretty weird effects at times once you factor in withdrawal of married couple allowance and child benefit. It’s not a well designed system. I'll fully admit that I don't know the exact numbers - I was working on lefty's figures (which disproved his own argument).
However, I am aware that above £50k NI goes down and income tax goes up such that the total tax take is higher ie the exact opposite of lefty's claim.
No my Claim was you.was paying less NI insurance then the Marjorit of people. Like Dappy Confirmed making you out to.be a fool . Don't know why you keep throwing how much tax you pay .when. like I say. High earners perks claim tax Allowance on there expensives. |
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Post by Bentley on Jan 27, 2024 21:23:29 GMT
What significant ‘perks’ are available to high earners on PAYE ?
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Post by The Squeezed Middle on Jan 27, 2024 21:38:40 GMT
No my Claim was you.was paying less NI insurance then the Marjorit of people... And you were wrong. I pay more. Don't know why you keep throwing how much tax you pay .when. like I say. High earners perks claim tax Allowance on there expensives. Which I can't, so you were wrong again. So it's not me making you look a fool, lefty. It's you not knowing what you're on about again. Now run along, there's a sausage. |
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Post by Bentley on Jan 27, 2024 21:42:39 GMT
No my Claim was you.was paying less NI insurance then the Marjorit of people... And you were wrong. I pay more. Don't know why you keep throwing how much tax you pay .when. like I say. High earners perks claim tax Allowance on there expensives. Which I can't, so you were wrong again. So it's not me making you look a fool, lefty. It's you not knowing what you're on about again. Now run along, there's a sausage. He’s a stuck record . He keeps posting the same thing time after time . Even after he is proven wrong. |
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Post by Totheleft on Jan 27, 2024 21:48:58 GMT
No my Claim was you.was paying less NI insurance then the Marjorit of people... And you were wrong. I pay more. Don't know why you keep throwing how much tax you pay .when. like I say. High earners perks claim tax Allowance on there expensives. Which I can't, so you were wrong again. So it's not me making you look a fool, lefty. It's you not knowing what you're on about again. Now run along, there's a sausage. you saying you pay more in NI Contribution even when Dappy confirmed the high earners over £50.000+pay less not so. The unfar tax laws even say it isn't so |
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Post by dodgydave on Jan 27, 2024 23:45:28 GMT
you saying you pay more in NI Contribution even when Dappy confirmed the high earners over £50.000+pay less not so. The unfar tax laws even say it isn't so Are you trolling, or do you seriously not understand how taxes work??? lol. A high earner pays FULL NI on income up to £50k, it is only earning over £50k that pay at the reduced rate.... why... because they are paying a fucking higher rate of tax lol. Average working on £33400 pays £4,166 tax and £2,083 ni = £27,151 net - keeps 81% of their income. Somebody on £60k pays £11,432 tax and £3,964 ni = £44,603 net - keeps 74% of their income . Somebody on £100k keeps 67% of their income... and so on... you are basically wrong on every level. |
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Post by Totheleft on Jan 28, 2024 0:41:35 GMT
you saying you pay more in NI Contribution even when Dappy confirmed the high earners over £50.000+pay less not so. The unfar tax laws even say it isn't so Are you trolling, or do you seriously not understand how taxes work??? lol. A high earner pays FULL NI on income up to £50k, it is only earning over £50k that pay at the reduced rate.... why... because they are paying a fucking higher rate of tax lol. Average working on £33400 pays £4,166 tax and £2,083 ni = £27,151 net - keeps 81% of their income. Somebody on £60k pays £11,432 tax and £3,964 ni = £44,603 net - keeps 74% of their income . Somebody on £100k keeps 67% of their income... and so on... you are basically wrong on every level. Has I keep saying NI Contribution is nothing to do with income tax. It's a different tax altogether the Massively reduced NI Contribution is just another tax perk like Claiming tax Allowances. And like living in Multi million pound houses and paying the same Council tax has Someone in a 100.000 pound house it's just a unequal tax system what punish the Majority of the population . |
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Post by Bentley on Jan 28, 2024 1:05:46 GMT
Are you trolling, or do you seriously not understand how taxes work??? lol. A high earner pays FULL NI on income up to £50k, it is only earning over £50k that pay at the reduced rate.... why... because they are paying a fucking higher rate of tax lol. Average working on £33400 pays £4,166 tax and £2,083 ni = £27,151 net - keeps 81% of their income. Somebody on £60k pays £11,432 tax and £3,964 ni = £44,603 net - keeps 74% of their income . Somebody on £100k keeps 67% of their income... and so on... you are basically wrong on every level. Has I keep saying NI Contribution is nothing to do with income tax. It's a different tax altogether the Massively reduced NI Contribution is just another tax perk like Claiming tax Allowances. And like living in Multi million pound houses and paying the same Council tax has Someone in a 100.000 pound house it's just a unequal tax system what punish the Majority of the population .
No they dont you idiot . Council tax is banded according to the value of the house . How can someone get so much, so wrong ,so often ? |
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Post by dodgydave on Jan 28, 2024 1:08:04 GMT
Are you trolling, or do you seriously not understand how taxes work??? lol. A high earner pays FULL NI on income up to £50k, it is only earning over £50k that pay at the reduced rate.... why... because they are paying a fucking higher rate of tax lol. Average working on £33400 pays £4,166 tax and £2,083 ni = £27,151 net - keeps 81% of their income. Somebody on £60k pays £11,432 tax and £3,964 ni = £44,603 net - keeps 74% of their income . Somebody on £100k keeps 67% of their income... and so on... you are basically wrong on every level. Has I keep saying NI Contribution is nothing to do with income tax. It's a different tax altogether the Massively reduced NI Contribution is just another tax perk like Claiming tax Allowances. And like living in Multi million pound houses and paying the same Council tax has Someone in a 100.000 pound house it's just a unequal tax system what punish the Majority of the population . Ah ok you are trolling, because nobody can be this thick lol. I literally just proved to you how higher earners lose a greater percentage of their income than average earners. You need to stop reading left leaning headlines, and actually study how taxes work. Wake up, you are falling for left-wing propaganda, in the same way a right-wing gammon believes immigrants are the problem lol. |
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Post by The Squeezed Middle on Jan 28, 2024 1:28:50 GMT
I'm glad that you have the patience for it, DD.
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