Tax TAx TAX!!!!!! Fuming at our government!

[Baldylovingbeard]

please try and convince me otherwise…..

What a joke this government are!!! ( UK)

Let’s just tax everyone who earns a bit of cash!!! Oh and while we’re at it… go on have loads more children it’s ok others will pay for them!!! Cutting the 2child benefit cap! If you decide to have multiple children you should be able to afford to provide for them. NOT expect others too!!!!! If you fall on hard times and you’ve worked and contributed to paying tax than you are within your rights to claim tax this is what benefits were made for, it’s not a means to not work, have more kids….etc!

Oh and if you work really hard and want to put some money by for you later days in life…. You’ll be taxed!

My situation:
Part time work, full time mum to 1 child. I work for myself and earn around 10k this money usually pays for things our daughter needs… clothes, clubs, any treats.
Husband works long hours, his under a lot of stress with his job, he has worked his way to and earns a very good salary 100k he gets taxed 60% you do the maths on that! We live in a 3 bed around £280k so nothing crazy but live within our means. We have one car! One holiday a year! Put money into savings! Pension! our daughter goes to one after school club. My husband got kicked out of home at 16…. He has worked with no help from family or friends and I believe he has worked very hard to get to where he is now. we are generous with charity’s and try our best to help out when we can if we can!

Not really. It's like when someone chooses to work reduced hours become they want to. As long as the taxpayer isn't funding it. I'm all for it.

You didn’t it. You said it’s lazy not to work full time. Just say it, you hate sahm. Honestly it’s women like you who should be our allies in helping us get equitable funding for childcare but instead you just hate hate hate thinkig your better than me because you work full time ughhhh

But he's not paying 60% tax on the whole of his salary, which is the impression your OP gives and which various posters have explained is not the case.

Or, if it is, you need to explain why, because it doesn't make sense otherwise so people won't believe you.

the fact you don’t see the irony of your posts is really quite something

So OP if we don't want to fund unemployed scroungers what would you do if your DH left you tomorrow and refused to pay any maintenance?

Happened to a friend of mine, and she was very glad to be able to claim housing benefit and income support etc especially as her husband fought tooth and nail not to give her a penny.

Or would your view of benefits change if you needed them?

Then she can't moan about others being better off because they knew only one parent working full time means they will have less. 🤷

I think you’ll find there are plenty of parents with more than one child who work full time, or at least 3/4 days, enough to pay tax. There’s no reason you can’t.

Regardless, you’re moaning about paying tax, when you don’t actually pay any 🙄

Sounds like you are the jealous one.

Do you honestly believe that’s how it works?

For every person choosing not to work, the rest of us have to put more in. We are the magic money tree, and they’ve snapped their branches off.

Indirectly, I do pay for those people to stay at home, and many of them actually could be out working.

Again another person who hasn’t read any of my previous comments…..

we/me/my husband/my family/my friends….. all happy to contribute to the right pot!

when was the system set up???

and why was it set up? For a way of life?

I can’t believe you’re still going on like you’re right about the tax. The indisputable FACTS about tax rates have been pointed out to you multiple times. It’s not jealousy when someone is trying to correct your ignorance.

so your joint take home pay is about £6.5k per month? That’s quite high. I’m not getting hard done by vibes from you OP.

This is fake news then?

The word is EFFECTIVE. Silly goose

I know right! So jealous!

Well it is obvious.

I think if she actually paid tax, she’d understand it better.

I can tell you how much of my salary is within each threshold, and how those thresholds affect my taxation, because it’s my own.

Surely you know if you don't want to work full time so you can be with your child, which is understandable, that you will have to cope with less money? Maybe go back to work to ease the burden from your husband if it is going to be that tight.

I think you’re confused about marginal tax rate. For every £1 OVER £100k the effective tax rate is 62%. But for every £1 up to £100k, you’ve not been taxed 60%.

To be clear - you understand that what this says is that he pays, in effect, 60% tax on the £25,100 odd above the first £100k? Not the entire income? Still wrong, but there are ways to avoid it: see the Lloyds Bank link.

https://www.lloydsbank.com/pensions/pensions-explained/tax-relief/60-percent-tax-trap.html

And people who earn more than him also pay that higher amount, proportionally, on that tranche of income?

We overlapped our posts. Your were more succinct!

So over £100k is taxed at 60%?

Oops, double post, sorry