Czuch: Work it out yourself, use a calculator... but seeing as there are other variables.. you'd still not be accurate.

Czuch: we get our first $9828 tax free......I dont have the exact tables in front of me....but if you earn $1000 per week your taxation is only about $190 per week taxes.

I can get a copy if you wish....I dont really have a lot to do with taxation as such so cant really comment on australian taxes.

But obviously (v) knows it all when it comes to UK taxes so let him give you exact figures on income and taxes on specific figures :)

Bernice: I know enough that a general accurate figure for someone earning $150k is not possible. It's not just a factor of how much you earn, but if you have a family, savings, day care, etc, etc.

And I think Czuch is quite capable (I hope he is) of finding a tax calculation site for the UK.

(V): I know there are many variables in a tax situation... and I know that savings, for example, are taxed differently than wages....


my guess is that your version of the IRS doesnt consider income from a savings or from other dividend investments as part of the total when calculating if you earned more than 150k?

I know you like to keep things as complicated and convoluted as possible.... but lets keep it simple, just for me please....

lets say someone makes 150K in earnings, he is single with no kids, he has no other income or any types of deductions... just plain simple 150k a year salary, okay????

Now is he or is he not going to pay 50% of that in taxes???? and if he is going to, doesnt that leave him with 75K net, after tax income????

Czuch: No.. No and NOOOOO. It's only £150k+ that he pays 50%. I thought that was very clear, I've explained it....

SEVERAL TIMES

Now, if you can't understand that simple fact of UK taxation.. then what is the point of me going further?

Now, who is better at knowing the UK taxation system? Someone who lives and has dealt with it, worked in UK accounts.... or, someone who can't be bothered to look up and study how our accounts work?

I hope you don't do your own accounts!!

(V): perhaps anything OVER 150K is taxed at 50 %?

(V): all you had to say is that anything over 150k gets taxed at thr 50% level.... make yourself clear mate.

because how the news words it, it is for anyone who earns more than 150k....


okay, so the first 6k or so is tax free, and then the next 36k or so is taxed at 20%, then up to 150k is taxed at 40%, and then anything over 150k is taxed at 50%... is that it?, I think I got it now......

Bernice: Thanks Bernice.....

Jules knows I am right, and he is trying to cloud this fact by being as non committal as possible right now....


but he knows that in my example, with two identical situations, one person makes 148k, and the other make 151k, the guy who made 148k will take home more after taxes than the guy who made 151k..... its simple really, he just doesnt want to admit it works out like that