C
Commander Kinsey
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On Thu, 13 Jun 2019 04:06:13 +0100, Xeno <xenolith@optusnet.com.au> wrote:
That's more than the prime minister gets paid. Nobody should be earning that much. The average UK wage is a fraction of that and we should all be paid a similar amount.
On 13/6/19 2:44 am, Commander Kinsey wrote:
On Wed, 12 Jun 2019 01:24:38 +0100, Rod Speed <rod.speed.aaa@gmail.com
wrote:
"Commander Kinsey" <CFKinsey@military.org.jp> wrote in message
newsp.z28s84sjwdg98l@desktop-ga2mpl8.lan...
On Tue, 11 Jun 2019 21:52:26 +0100, Rod Speed <rod.speed.aaa@gmail.com
wrote:
"Commander Kinsey" <CFKinsey@military.org.jp> wrote in message
news
On Tue, 11 Jun 2019 20:44:20 +0100, Rod Speed
rod.speed.aaa@gmail.com
wrote:
"Commander Kinsey" <CFKinsey@military.org.jp> wrote in message
news
On Tue, 11 Jun 2019 19:41:18 +0100, Rod Speed
rod.speed.aaa@gmail.com
wrote:
"Commander Kinsey" <CFKinsey@military.org.jp> wrote in message
news
On Tue, 11 Jun 2019 18:35:47 +0100, Rod Speed
rod.speed.aaa@gmail.com
wrote:
"devnull" <devnull@127.0.0.1> wrote in message
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On 6/11/19 9:40 AM, Commander Kinsey wrote:
And if you don't have the money stored in a tax-free IRA,
you'll
pay
income tax on your losses.
Dunno what an IRA is, but all ISAs are tax free AFAIK.
Hang on, losses? Surely you pay income tax on your income, not
losses.
Yah, it's called "Republican taxpayer privilege". The bank pays
you
2%
interest but inflation goes up 3%.
Essentially you have less buying power at the end of the year
and
yet
you
still have to pay taxes on the 2% "gain".
The democrats have lots of slick scams to take money from
working
taxpayers and give it to their lazy welfare constituents.
And yet only half pay any income tax. Or are you saying that the
Dems
are
so
clever that they have worked out how to make just Repugs pay
income
tax
?
Who cares about income tax?
In all but the USA, it's the main tax most pay in the first
world. Only the unemployable dregs like you pay most
of the tax they pay in the VAT and fuel and sin taxes.
It's one of only 50 taxes.
What matters is how much you pay in each one.
VAT is 20%! You will eventually spend all you earn,
Plenty of the better paid don't.
Nobody accumulates money forever.
Plenty with a clue accumulate it till they stop working
and plenty accumulate it and hand it on to their kids too.
If they don't spend it their descendants will.
Plenty of their descendents arent stupid enough to spend it.
If what you were saying was true, there would be an ever increasing
number
of people with huger and huger amounts of money.
so that's 20% which is significantly similar to the income tax rate.
Not with the better paid. Only the dregs of the labour market.
If you're poor, you pay a low rate,
Yes, the dregs mostly do pay just VAT and petrol and sin taxes.
if you're rich, you bend the rules and pay a low rate.
Not even possible for most of the better paid wage slaves.
Those pay a lot more than 20% income tax.
Nope,
Yep.
once you get really rich you get accountants that fiddle things nicely.
We werent discussing the really rich.
We only pay more than 20% on anything we earn over Ł46,351. That's
really rich buggers, I can't think of anyone earning that much. They
can afford accountants to cheat.
You're mixing in the wrong circles. One of my friends in the UK,
Folkestone to be precise, earns well over Ł100,000 per annum. Others
earn slightly lesser amounts. One of my friends here, until he retired
recently, was earning Ł150,000 for 6 months work. It has to be said,
both those aforementioned are highly qualified in their respective fields.
That's more than the prime minister gets paid. Nobody should be earning that much. The average UK wage is a fraction of that and we should all be paid a similar amount.