SciFiBoy on 06 June 2009
| kowenicki said: @scifiboy... To answer you in one sentence... its what the market dictates I am worth and I am confortable with that, no shame here. I employ people... I feed their families. I am actually quite proud of that. Now.... You answer mine... Give me your rates of tax for basic and high rate. Dont forget N.I. is 11%. |
your assuming i wouldnt change the N.I, but anyway
i wouldnt have a basic and a high rate for a start, id have many more levels.
something like this, would be a rough example
if you earn 10k or less, you pay 10% in tax (after tax you have 9k)
if you earn 20k, you pay 20% (you have 16k)
40k, you pay 25% (you have 30k)
80k, you pay 35% (you have 52k)
160k, you pay 50% (you have 80k)
so, you still earn more, but you also pay more to help out, why, how would you do it?
