pb1977 Posted February 5, 2011 Share Posted February 5, 2011 Ah the OP finally knows its not a tax, so any earning over £15k are taxed at whatever % + the repayment of the loan and we all agree a loan is not a tax. If that means you are paying out 40% of your earning so be it but you can't say they are been taxed at 40% Link to comment Share on other sites More sharing options...
andyofborg Posted February 5, 2011 Share Posted February 5, 2011 You cannot avoid the SLCs. if you earn less than 15,000 you can Link to comment Share on other sites More sharing options...
LordChaverly Posted February 5, 2011 Share Posted February 5, 2011 http://news.bbc.co.uk/1/hi/education/8596504.stm Perhaps you are giving the figures for those whom complete it? Given that the drop out rate is around 12%, the figure quoted in the statistics is rather misleading. A considerable proportion of this 12% or so drop out in the fist year. Moreover, it depends upon the age band which is used. The band which tended to be used was between 17 -25. If this is widened to between 17 and 30, the figure is bound to be higher. So I think there is a lot of hype in the figures you cite. Link to comment Share on other sites More sharing options...
Vague_Boy Posted February 6, 2011 Share Posted February 6, 2011 But that £21k in 2012 money will only be worth about £15k in in 2009 money. Are you claiming that inflation is really 11.5% annually? That's how much it would have to be to reach the figure you quote. With nonsensical rubbish like that (and let's face it, your entire original post), perhaps you should slink away with what dregs of credibility you still have left? Link to comment Share on other sites More sharing options...
toptotty1117 Posted February 6, 2011 Share Posted February 6, 2011 Perhaps the OP should go to uni to study economics before posting again on this subject??? Link to comment Share on other sites More sharing options...
suzyoo Posted February 6, 2011 Share Posted February 6, 2011 31% rising soon to 32%, and earning potential generally not much more than minimum wage. Essentially your lower class working class. Slightly higher up than a Romanian. its the history of the conservatives to keep the lower class even lower class Link to comment Share on other sites More sharing options...
caparo Posted February 6, 2011 Share Posted February 6, 2011 its the history of the conservatives to keep the lower class even lower class Next they'll be raising the lowest rate of income tax from 10% to 20%. Link to comment Share on other sites More sharing options...
sues_budgie Posted February 6, 2011 Share Posted February 6, 2011 I reckon there is truth in this. After paying your unavoidable taxes, can you honestly say you are left with 60% of your earnings. Someone earns £300 - after all the taxes (council etc...) are people left with £170 to spend on themsleves? I think not Link to comment Share on other sites More sharing options...
sues_budgie Posted February 6, 2011 Share Posted February 6, 2011 its the history of the conservatives to keep the lower class even lower class Labour introduced this crazy system, punishing people who go to work Link to comment Share on other sites More sharing options...
Hots on Posted February 6, 2011 Share Posted February 6, 2011 its the history of the conservatives to keep the lower class even lower class Maggy Thatcher and Norman Tebbit were/are working class you know. its the history of the labour party to keep the "lower class" even lower class; Labour don't encourage entrepreneurialism in people, which is what creates jobs, wealth and prosperity to lift people up; instead they spent 13 years building up an unproductive and massive public sector. Link to comment Share on other sites More sharing options...
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