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Discussion in 'News from the UK, Europe and the rest of the World' started by Timmers, Nov 22, 2016.
Just an example I know the real ratio is much larger ...
You're breaking my heart...
Try this John: http://www.uktaxcalculators.co.uk/
Quite interesting that a person earning £15,000 pays only £700 tax, whilst a person earning £150,000 pays £53,300 tax.
That is 76 times as much tax.
As an individual the high earner pays a lot more into the system.
* (Using default values, Male DOB 1970, not self employed, no allowances, 2017/2018 tax year)
Crumbs 76 times as much tax!
How about this one then, everyone needs a fridge don't they...say it cost £300 plus £60 vat:
The guy earning £150,000 pa will only have to work 4.68 hours to pay for it and the £60 vat as a percentage of his hourly pay will be 78%
But the poor guy earning £15,000 pa will have to work 46.8 hours to pay for his fridge and then the £60 vat as a percentage of his hourly pay will be a whopping 780% ... and even worse the guy on £15,000 pa won't be able to bring his Filipina wife back to the uk!
What has that got to do with the NHS?
about 15 years or so back i was referred by my GP to a cardio consultant--at the former King Edward VII hospital--at Midhurst in Surrey. this was on the NHS. this involved several visits--and a proceedure and follow ups.
i live on the isle of wight...so this involved meeting a hospital mini-bus at Southsea--up to the hospital--and trip back again. several times.
when i was admitted--overnight--i had my own private bedroom--en suite--colour tv etc. meals were all first class--as was all the treatment.
the hospital also had a very busy private client income--mostly wealthy a-rab types.
but all this cost me--nothing. zilch.
very sadly that hospital is now a very upmarket housing estate.
That's actually shocking when it's put into numbers like that. 76 times higher?! I also double checked using my tax calculator: https://www.income-tax.co.uk/ You're right! But I must argue that is the way it should be, higher wage, higher taxes.
Just a thought..
If everyone in the UK needs a fridge why are there so few British manufacturers paying a decent wage to Brit workers to make them?
What do they make in Britain these days?
I had a quick look on Google and it says we make "financial services" so I guess anyone not working in the service industry in the UK these days are screwed!
Interesting opening comment in the forum, I note it's your first message too! And you want to argue, and you don't even know us yet.