The Rich get richer, much richer1

[RonJeremy]

This has been done to death on Sheffield Forum, and you know it. I suggest you review a few threads.

 

If it's been done to death - it must be easy to find. And yet I can't - if you have proof of your assertion (and it is apparently so easy), please could you demonstrate this (easily) to me.

[Tomjames]

On a typical 50k paye salary:

2014 £36,141

2015 £36,352

2015 £36,465

 

Edit: salary is going up at the rate of interest.

[truman]

On a typical 50k paye salary:

2014 £36,141

2015 £36,352

2015 £36,465

 

Edit: salary is going up at the rate of interest.

 

What have you used to generate those?

[Tomjames]

What have you used to generate those?

 

tax calculator

[truman]

tax calculator

 

Your own or an online one?

 

---------- Post added 10-06-2016 at 16:01 ----------

 

On a typical 50k paye salary:

2014 £36,141

2015 £36,352

2015 £36,465

 

Edit: salary is going up at the rate of interest.

 

And yet using a tax calculator like yourself,someone on 25k would be taking home

 

2012-2013 £19532

2013-2014 £19817

2014-2015 £19954

2015-2016 £20057

 

an increase over the 4 years of £525 or 2.6%

 

Someone on 50k over the same years..

 

2012-2013 £35778

2013-2014 £35963

2014-2015 £36141

2015-2016 £36326

 

an increase over the years of £548 or 1.5%

 

Seems like the lower paid person's take home is going up quicker..

 

This is what I used..

http://www.uktaxcalculators.co.uk/

[Tomjames]

Your own or an online one?

 

---------- Post added 10-06-2016 at 16:01 ----------

 

 

And yet using a tax calculator like yourself,someone on 25k would be taking home

 

2012-2013 £19532

2013-2014 £19817

2014-2015 £19954

2015-2016 £20057

 

an increase over the 4 years of £525 or 2.6%

 

Someone on 50k over the same years..

 

2012-2013 £35778

2013-2014 £35963

2014-2015 £36141

2015-2016 £36326

 

an increase over the years of £548 or 1.5%

 

Seems like the lower paid person's take home is going up quicker..

 

This is what I used..

http://www.uktaxcalculators.co.uk/

 

So it should. Lower paid people such as young graduates deserve a pay rise.

[RonJeremy]

So it should. Lower paid people such as young graduates deserve a pay rise.

 

And it does - all good. Thread closed.

[Cyclone]

So the point you are making is we are fighting amongst ourselves? why would they want this scenario?

No, the point I was making was that they demonize certain groups of people with deliberate spin campaigns.

 

You said that people vote for the conservative party because they feel it will make them better off (the middle classes).

 

I made the point, it is not governments responsibility to make people more well off.

That's known as a strawman. I didn't say that it WAS the governments responsibility (although if they make everyone better off then the country is better off), I said that it's why people vote for them.

 

However as a consequence of a conservative government, wages are rising and you keep more of your money due to tax threshhold rises + interest is low. All facts.

Superficially true, but when you look a little deeper, it's just a scam. The headline tax rate means you get to take home more of your money. But you get less for it, due to all the other tax changes they snuck in.

 

---------- Post added 10-06-2016 at 22:03 ----------

 

Seems like the lower paid person's take home is going up quicker..

 

I think you mean declining less quickly once adjusted for inflation.

 

---------- Post added 10-06-2016 at 22:04 ----------

 

And it does - all good. Thread closed.

 

How is it thread closed.

 

The thread is about the rich.

 

Not about the lower middle middle class earning 50k/annum.

[ez8004]

So it should. Lower paid people such as young graduates deserve a pay rise.

 

Why do they?

 

Graduates with the right skill set deserve to get paid what they are worth. This blanket notion that the young or lower paid should be given more of a tax benefit is pathetic. If anything a pay disparity should exist between professions that are actually useful.

[Tomjames]

Why do they?

 

Graduates with the right skill set deserve to get paid what they are worth. This blanket notion that the young or lower paid should be given more of a tax benefit is pathetic. If anything a pay disparity should exist between professions that are actually useful.

 

I don't know. Who doesnt. Its irrelevant to the thread.

 

---------- Post added 11-06-2016 at 00:51 ----------

 

No, the point I was making was that they demonize certain groups of people with deliberate spin campaigns.

That's known as a strawman. I didn't say that it WAS the governments responsibility (although if they make everyone better off then the country is better off), I said that it's why people vote for them.

Superficially true, but when you look a little deeper, it's just a scam. The headline tax rate means you get to take home more of your money. But you get less for it, due to all the other tax changes they snuck in.

 

 

What tax changes? what scam? please explain.

Fuel prices are low too. 40p per litre or so lower than 2007.

I'd say we are all better off.