SusieT
Well-Known Member
No-one pays half what they earn! You pay 50% ONLY ON THE AMOUNT OVER £150,00 NOT the whole amount!!
If you earn £300,000 you have nothing to complain about and damn well should be paying massive tax IMO
Why don't you try this website for a 300K salary-just over 137k tax and NI-that's near enough 6 months work for free. http://listentotaxman.com/index.php
Why should you 'damn well pay massive tax' because you have worked hard throughout your life, work in a demanding job and have huge responsibilty-which those at the top end of the tree money wise generally have? Or aree we a communist nation taht believe no man should work to better himself?
Let's see, when the 50% tax rate came in-someone earning as in this example 300K had to in a year find 20K extra. to pay so that people could 'earn a little extra on the side'. And it can obviously be seen from the calculations that if people only had what was necessary and followed the rles they don't need the cash in hand 'advantage' of scamming the rest of us. Lots and lots of people only earn low wages, cleaners, grooms, bar workers, restaurant workers. Most of them don't get the choice to decide whether or not to contribute to the services they expect for free, NHS etc.