£28k starting salary fresh out of uni

But hes also a ranting lefty on the corbyn threads XD

But hes also a ranting lefty on the corbyn threads XD

He pretends to be some uber successful businessman and makes flippent comments on everything and stupid pretend rich man comments like you can't live off of 40k in london or about the coming revolution

He trolls both conservatives and lefties on here. That "I'm sorry for voting conservative" thread was just the trolling the former (and I guess lefties in a way, he is master troll)

He's basically a wind up and is rather good at it it would seem I proper troll

Well that's my two cents anyway.

That conservative are actually evil epiphany thread was also trolling us in a way

Master troll

Corbyn 2020. I am sorry that unemployed "man" is jealous of my success. One must put the work in.

Clearly not that successful given you only pay 40%

Very true. But i'm not happy paying 40% rather stay in bed.

I'm sorry we got off on the wrong foot. Are you open for a business partnership of some kind?

I kindof twigged when he claimed he paid 40% tax but didn't understand the tax structure in any way

His cover has been blown

His cover has been blown

If there's one thing people who want to pay less tax know its how the tax system works

I laughed since of course i know how the tax system works. I've been paying taxes for 8 years now lol.

Nice trollin! Haters gona hate. Unemployed going to line up brah.

So how do peeps pay 40% tax when they are on £40k...?
Thats what you've confused us all with.
Unless we've misunderstood the tax system and you get it...

this will help you

https://www.gov.uk/income-tax-rates/current-rates-and-allowances

this will help you

https://www.gov.uk/income-tax-rates/current-rates-and-allowances

Yeah and thats telling me someone with a £40,000 annual salary is a basic rate (20%) taxpayer...
Not a 40% higher rate taxpayer...

this will help you

https://www.gov.uk/income-tax-rates/current-rates-and-allowances

You do realise that it's not 40%... It's a staggered tax rate, meaning the effective tax of someone earning £40k is MUCH less than 40%. Seriously, even someone earning £70k isn't paying 40%.

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You do realise that it's not 40%... It's a staggered tax rate, meaning the effective tax of someone earning £40k is MUCH less than 40%. Seriously, even someone earning £70k isn't paying 40%.

Someone on £40k doesN'T pay 40% on ANY of their income though, so thats pretty irrelavent.

For £70k yeah, and theres pension contribution relief to consider.

Well there is the added complication of National Insurance. So a gross of £70k pa gives a net take home of £48k. An effective tax rate of (70-48)/70 = 31% - not 40% but still more than 20%...

True, forgot about the tax free allowance.