The Commons Bar Mk IX - MHoC Chat Thread Watch

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KingStannis
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#8361
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#8361
(Original post by tehFrance)
I don't work for my father... I've had my own jobs and businesses (dissolved) which has served me well financially.

How is it a lot?
Fair amount of money for a Nurse.
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DanE1998
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#8362
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#8362
mobbsy91 Can I get a round? Exams are over, time to chill.

PetrosAC How was Unit 2 for you ?
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Tanqueray91
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#8363
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#8363
(Original post by DanE1998)
mobbsy91 Can I get a round? Exams are over, time to chill.

PetrosAC How was Unit 2 for you ?
Certainly - very jealous of them being over though
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DanE1998
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#8364
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#8364
(Original post by mobbsy91)
Certainly - very jealous of them being over though
When do your finish?
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Tanqueray91
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(Original post by DanE1998)
When do your finish?
19th
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DanE1998
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#8366
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#8366
(Original post by mobbsy91)
19th
Good luck!
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Tanqueray91
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#8367
(Original post by DanE1998)
Good luck!
Cheers
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PetrosAC
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#8368
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#8368
(Original post by mobbsy91)
Certainly - very jealous of them being over though
(Original post by DanE1998)
Good luck!
Still got S1 tomorrow and I had a clash between Physics and Politics today so had to do one after the other. Both relatively easy, almost messed up the 40marker (did Parliament) as I skimmed the question and missed the House of Commons bit. Luckily I caught it early enough to be fine

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DanE1998
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#8369
(Original post by PetrosAC)
Still got S1 tomorrow and I had a clash between Physics and Politics today so had to do one after the other. Both relatively easy, almost messed up the 40marker (did Parliament) as I skimmed the question and missed the House of Commons bit. Luckily I caught it early enough to be fine

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I did Executive, I blanked on the Parl Q
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PetrosAC
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#8370
(Original post by DanE1998)
I did Executive, I blanked on the Parl Q
I blanked on the Executive one xD Which source question did you do? I did the constitution

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DanE1998
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#8371
(Original post by PetrosAC)
I blanked on the Executive one xD Which source question did you do? I did the constitution

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As did I. Really good question
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Anon_98
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#8372
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#8372
(Original post by tehFrance)
how can your family live?
What in Galileo.

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Anon_98
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#8373
(Original post by tehFrance)
Christ! How does a family stay alive with these kinds of low figures.
Is drama your speciality?


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PetrosAC
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#8374
(Original post by DanE1998)
As did I. Really good question
Aye, a very good question

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Tahret
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#8375
(Original post by DanE1998)
mobbsy91 Can I get a round? Exams are over, time to chill.

PetrosAC How was Unit 2 for you ?
Where's my mention?
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tehFrance
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Following on from discussions about salary the other day; How much money do you need to be in the 1%? (Based on salary), in the UK you need £76,971 and in France it's £80,160 (109.000,- €) which isn't bad. I will say that I'm shocked that Germany is only £61,629 (83.830,- €) :eek:

I'm going to presume that this is per person rather than household (2 parents, 2 children) so double the figures for household, £153,942, 218.000,- € and 167.660,- € respectively. I also presume that these figures also stick in a single earner household as well.

I know what I'm working towards now :cool:

Edit: It appears this is all after tax which makes Germany's less shocking.
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Rakas21
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#8377
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#8377
(Original post by tehFrance)
Following on from discussions about salary the other day; How much money do you need to be in the 1%? (Based on salary), in the UK you need £76,971 and in France it's £80,160 (109.000,- €) which isn't bad. I will say that I'm shocked that Germany is only £61,629 (83.830,- €) :eek:

I'm going to presume that this is per person rather than household (2 parents, 2 children) so double the figures for household, £153,942, 218.000,- € and 167.660,- € respectively. I also presume that these figures also stick in a single earner household as well.

I know what I'm working towards now :cool:

Edit: It appears this is all after tax which makes Germany's less shocking.
The tax figures are horrid if you think about it.. around £25k paid in tax to have that after tax income (so ~£100k is the 1% pre-tax salary in the UK then).
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tehFrance
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(Original post by Rakas21)
The tax figures are horrid if you think about it.. around £25k paid in tax to have that after tax income (so ~£100k is the 1% pre-tax salary in the UK then).
It's something like £51,000 in taxes in order to get a net of £76,000 which is roughly £127,000 :eek:

Still at least it's harder to break into the 0.01%, more so than before!
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Rakas21
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#8379
(Original post by tehFrance)
It's something like £51,000 in taxes in order to get a net of £76,000 which is roughly £127,000 :eek:

Still at least it's harder to break into the 0.01%, more so than before!
That seems high. 10-40k would be taxed at 31% so that's near enough £9k. 40-76k would be near enough taxed at 42% which is near enough £16k. So the total tax on £76k is near enough £25k.
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tehFrance
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(Original post by Rakas21)
That seems high. 10-40k would be taxed at 31% so that's near enough £9k. 40-76k would be near enough taxed at 42% which is near enough £16k. So the total tax on £76k is near enough £25k.
What? The £76k is net, to get £76k net you need to be earning £127k gross. Remember that there's no tax free allowance as well.

20% tax rate is £6,300
40% is £38,000
NI is £5,800
Total is £50,100

So yeah, it's roughly £127k gross to get £76k net.
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