Amps the left needs to grow teeth so to speak

    The 100k stealth tax is beyond a fucking joke

    I don’t fully get this 60% tax thing, as you don’t pay 60% tax, you just lose your tax allowance. Those over the £125k amount don’t suddenly go from 60% to 45%, as you have still lost your tax allowance? So why is it any different to the 100-125 range where the reduction happens?

    It is still a shit position and made me stick bonuses into my pension, but it’s a great wage compared the the average in the country so I’m not complaining

      RichM Income taxes are too high and counterproductive. They should be taxing assets like second homes and accumulated wealth.

          Taxing wealthy pensioners like Grant is absolutely imperative to get us BACK ON TRACK.

            It is a 60% marginal rate Rich.

            You lose £1 of personal allowance for every £2 you earn. So for every £2 you earn an extra £1 is being taxed at 40%. which means that for every £2 you earn you pay an extra 40p tax. That is on top of the 40% tax you are already paying. Which brings you to 60%

            And yes, the crazy thing is, when you hit 125k, anything you earn over that is taxed at a lower rate.

            So either earn £199,999 (there is a massive pension cliff edge at £200k) or £99,999. The worst thing to do is do overtime in the £100-125k zone as you get taxed at 60% plus 2% NI

              benson so the allowance you lose is taxed at 40% but after 125k that allowance you have lost is taxed at a lower rate? As it’s still lost

              I would still rather earn £199k than £99k, yes you pay high tax but you are still taking home more money.

              I don’t mind paying tax, but wish it was spent better.

                  alistair surely you can only tax on realised income / capital not unrealised gains? As then the system would be fucked.

                    This tax chat is off the chain!

                    RichM I would still rather earn £199k than £99k

                    You never!

                        Rich I’ve got one for you.

                        I’d rather have a billion pounds than a million pounds.

                        Smallman1 it sounds crazy i know, but some people seemed to be so focused on the tax I think they forget there is the money after tax which still goes up the more you earn.

                            Along_the_Wire still earning a decent whack consulting a few hours a week

                            “In my professional opinion, yes you are still a cunt. That’ll be 2 grand thanks.”

                              hugopal ’Granto’s Cuntsultancy Services PLC’

                              Made me lol I can’t lie!

                                Amps Look what happened to that fucking rodent. 🐀

                                  303abuser
                                  Didn’t he say that he knew nothing about project 2025 leading up to the election.

                                    Yeah he’s never hear of them. They just funded his campaign and happen to be implementing their right-wing-Christian-fundamentalist agenda at an alarming rate. The US is racing toward the tech bro version of the handmaid’s tale.

                                    RichM not true.

                                    This year if I earned 200001 I’d be paying about 5k more tax than if I earned 199999. All to do with tax on pensions. It’s horrifically complicated.

                                    So by earning more you take home less. Same goes for a lot of people who lose childcare at 100k. No kids for me so that is not an issue.

                                      RichM once you’ve lost all your allowance then it’s back down to 45%.

                                        I’ve heard these LIEBOUR CUNTS are planning to tax LOUNGE ACCESS

                                        RichM well yeah, but that’s hardly the point. Are we supposed to be grateful? My tax return was broken down and more of it went on welfare than the NHS. Go figure.

                                          Anyone know how good these BYD cars are? They saw a 161% increase in sales in February.

                                            LT42 they are good, just taxed heavily so they are in competion with Tesla

                                            BYD have been at the forefront of battery tech for a lot longer than Tesla as well

                                            • LT42 replied to this.

                                                LT42 I went to a BYD showroom in Hong Kong last year and was stunned at how good the high end models were. Always thought they wouldn’t be competitive with the Germans on the interior finishing but the ones I sat in were absolutely top-notch. Haven’t driven them so can’t comment on that side of things.

                                                  Hursty I’m mot sure if its them or not but a well established Chinese car company will start manufacturing “flying cars” next year. Whoever starts making “Johnny Cabs” will make a killing.

                                                    Amps I’m sure the general ignorance on display killed a bit of his soul. The guy arguing that the FDA was getting a tax break for DEI hires was a particular highlight. He simply doesn’t understand that government agencies don’t pay taxes.

                                                      303abuser there’s a little glimpse into the brainwashing of the masses with the 1st debate there…

                                                      Sam: Its actually called DEIA within the agencies, you know that right? The A standing for accessibility.
                                                      MAGA: Right. Anyway DEI….

                                                      lol

                                                        When you wonder how people consistently vote against their best interests, this gives the answer. It’s amazing how many of them use trickle down economics to support their views.

                                                        Watched that Seder thing a couple of days ago and the young blonde girl is something else. Very Aryan race all round.

                                                          Trump is having a meltdown over these booze tariffs

                                                          Glad to hear the 200% tariff on EU booze will boost the US Wine and “Champagne” industry! 😃

                                                            The US Champagne industry is lol!