Torillian said:
Ka-pi96 said:
I mean I just used estimated figures, the tax free allowance and 40% tax threshold may be different than what I said.
It could also be that all of the income earned below the higher rate threshold is still taxed at the lower rate (which would actually make sense otherwise the difference between a pound below and a pound over the threshold would be kind of crazy).
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That's usually how it works, but I wasn't sure if the UK worked differently than the US. In the US the money you make is all taxed based on the lowest possible threshold so your first 0-10k is taxed almost nothing while the 10-40k will get taxed more and so on and so on. This is part of why the idea of scoffing at a top marginal tax rate has no meaning because literally noone would actually pay it.
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In Brazil our income tax works in cascade.
Let's say you earn 10.000 a month, is married with 2 children and your wife doesn't work. Here is what it would look in Brazil (will use rounded just for idea).
Social Security, you pay 600 a month and that money is deducted from how much you are taxed
Dependents, you get another around 600 deduction
So the earning to be taxed is 8800.
The first 2000 is tax exempt
The next 1000 is taxed at 7,5%
The next 1000 is taxed at 15%
The next 1000 is taxed at 22,5%
The leftover 4000 is taxed at 27,5%
So from the 8800 you earn you pay 1600 in taxes.
This means that your effective tax is 16% (or if you want to consider after deductions 18%) instead of 27,5%.
Of course the more you earn the more you'll have taxed at 27,5% and closer you effective tax gets to 27,5%.
The biggest fight in Brazil by social democrats is to increase the income tax (that is exempt for low income people and not absurdly high for high income) while reducing or zero the taxes on goods and services (which usually ends up being much more significant and heavy for low income people and not so impacting for high income, even more when some of the most luxurious items have very little taxes).
Immersiveunreality said:
DonFerrari said:
I see you have a very shallow knowledge of the hefty of our ambiental legislation and regulation, and that it really isn't worth to destroy forest and make soil for a couple years, but well carry on with whatever you know about Brazil. In meanwhile the brazilian dictator forbidden any burn of woods/forest for the next 120 days.
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People also need to know that deforestation does not happen because of one single goverment,it's more of a global responsibillity and even we as consumers take part in it.
Companies around the world and worldbanks stand behind deforestation,they invest in it and will surely put pressure on any goverment trying to forbid it for a while.
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Very true, also while population grow need for food and goods also grow and technology and efficiency helps some but you'll also need bigger areas to meet that need.