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Feeling really annoyed about Tax

Awesome Genius

Basically, I'm shocked at how much tax I am paying.

Income Tax - like £1500 a month

Value Added Tax - like £500 a month

Capital Gains Tax - on my high risk mutual fund investments in the East - like £100 a month

Road Tax - £200 a year

I'm sure there are others.

My point is why should I be paying so much money to other people for absolutely no reason at all.

I know this guy that decided he didn't want to work so he started claiming all kinds of crazy benefits, abusing the system, and all he does is sit at home and drink beer. FROM MY MONEY.

Insane.

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Reply 1

Awesome Genius

My first pay check, I wondered who this ******** called PAYE was. Still don't really understand him.

Reply 2

LannaBanana

If you pay that much tax, you're obviously wealthy. Barely any of your money goes on benefits btw, it's to fund things like the NHS, schools, etc, etc, things that you probably have used and will make future use of.

Reply 3

AnnieGakusei

Original post by Awesome Genius

If you don't want to pay tax, you shouldn't use the NHS, state education system or any other public service. :tongue:

Reply 4

driftawaay

do you really need to make a thread everyday about how rich you are? you are either lying or bragging, neither of which is gonna get you sympathy so shut up and find something else to troll about

Reply 5

Awesome Genius

I have private health insurance through my parents and I went to private school. Hmm. The more I think about it, the worse this deal is for me.

Is there a way to opt out of paying income tax?

Reply 6

Awesome Genius

Original post by driftawaay

do you really need to make a thread everyday about how rich you are? you are either lying or bragging, neither of which is gonna get you sympathy so shut up and find something else to troll about

Just assume I'm lying. It will rmake you feel better.

Reply 7

driftawaay

Original post by Awesome Genius

I have private health insurance through my parents and I went to private school. Hmm. The more I think about it, the worse this deal is for me.

Is there a way to opt out of paying income tax?

U do know that stupid questions like that expose the fact that you are not a doctor or rich, right?

Reply 8

Illiberal Liberal

Original post by driftawaay

U do know that stupid questions like that expose the fact that you are not a doctor or rich, right?

So true

How **** must his life be to need to make threads like this on an almost daily basis... I almost pity the poor freak.

Reply 9

Awesome Genius

There are so many bad people that abuse the system - claim all kinds of fancy benefits. If we removed the safety net, people would work harder.

Reply 10

Reue

Original post by Awesome Genius

Income Tax - like £1500 a month

You make over 70k?

Original post by Awesome Genius

Capital Gains Tax - on my high risk mutual fund investments in the East - like £100 a month

Why do you pay CGT monthly? It's an annual allowance.

Original post by Awesome Genius

Road Tax - £200 a year

What gas guzzler do you drive?

(edited 8 years ago)

Reply 11

Awesome Genius

Original post by driftawaay

U do know that stupid questions like that expose the fact that you are not a doctor or rich, right?

Original post by Illiberal Liberal

So true

How **** must his life be to need to make threads like this on an almost daily basis... I almost pity the poor freak.

Lol, imagine for a second, you were wrong - that you'd used your self-perceived intellect and come to completely the wrong conclusion, it would be pretty satisfying for me.

Reply 12

Illiberal Liberal

Original post by Awesome Genius

Lol, imagine for a second, you were wrong - that you'd used your self-perceived intellect and come to completely the wrong conclusion, it would be pretty satisfying for me.

Shame that's not the case then, isn't it? :rolleyes:

Reply 13

Reue

Original post by driftawaay

U do know that stupid questions like that expose the fact that you are not a doctor or rich, right?

There are legal methods of greatly reducing income tax btw

Reply 14

driftawaay

Original post by Awesome Genius

Lol, imagine for a second, you were wrong - that you'd used your self-perceived intellect and come to completely the wrong conclusion, it would be pretty satisfying for me.

Lol no.

we all know you are 16 with bad GCSEs.

Reply 15

Potally_Tissed

It's not called road tax btw. But yes. Bit rubbish when you reach the point where you keep less than half of any extra money you earn.

Reply 16

Awesome Genius

Original post by Reue

You make over 70k?

Why do you pay CGT monthly? It's an annual allowance.

What gas guzzler do you drive?

Actually I think it's more like £1350. Either way I make over 60k annually pro rata at the moment.

I don't pay CGT monthly , I calculated it to a monthly sum. Last month they introduced a law that means that overseas citizens of India now have to pay CGT - before that, we paid nothing!

Reply 17

Awesome Genius

Original post by Illiberal Liberal

Shame that's not the case then, isn't it? :rolleyes:

Original post by driftawaay

Lol no.

we all know you are 16 with bad GCSEs.

Lol I've already posted a video of my medical degree. Ask @Xotol - he knows I'm a doctor.

Reply 18

Reue

Original post by Awesome Genius

Actually I think it's more like £1350. Either way I make over 60k annually pro rata at the moment.

If it's pro-rata then your actual annual income tax liability is going to be less.

Original post by Awesome Genius

I don't pay CGT monthly , I calculated it to a monthly sum. Last month they introduced a law that means that overseas citizens of India now have to pay CGT - before that, we paid nothing!