how much tax you realy pay

Income Tax, Council Tax, National Insurance and VAT issues.

how much tax you realy pay

Postby holy vehm » Tue Feb 02, 2010 8:32 pm

i sat down last night and worked out the following:

how much i realy earn.
how much tax i pay.

look at a pay slip and note the figure before deductions. (me and the wife combined ours)
they take around 23% off us in income tax and national insurance.
Whats left is take home pay, but its not, because the tax doesnt stop there.
so we took off VAT off the take home pay at 17.5% as almost everything is VAT deductable.
Then i took off council tax, car tax per month, petrol tax per month, TV licence fee per month, car insurance tax (about £10 per policy), school dinners.
now you are left with take home pay.
i worked out that we are paying 63% tax to the government. or for every pound you earn with your labour they take 63p.

so if you saw a job at £12000 per year its realy £4400 after tax.
out of this you still need to pay rent, buy food, pay bills before you have any fun money to play with.
I had more money when i was a kid on pocket money.

And if you have debts to pay as well (which is another tax) then you are realy working for nothing.

hv

:peace:
"A ruler who violates the law is illegitimate. He has no right to be obeyed. His commands are mere force and coercion. Rulers who act lawlessly, whose laws are unlawful, are mere criminals".
User avatar
holy vehm
Moderator
Moderator
 
Posts: 3077
Joined: Fri Oct 02, 2009 7:17 pm
Location: http://www.fmotl.com/forum/viewtopic.php?f=45&t=9142

Re: how much tax you realy pay

Postby ScotFree » Tue Feb 02, 2010 9:43 pm

I tried to work out tax on income and would love someone to work it out.

Tax on cigarettes [me massive]
Tax on drink, food clothes, heating, phones, .......sweeties .........cinema tickets ............

"i worked out that we are paying 63% tax to the government. or for every pound you earn with your labour they take 63p."

I am sure it must be more ?????????
Dave a Freeman, Scottish Highlands
http://www.freemanhighland.co.uk/
User avatar
ScotFree
 
Posts: 150
Joined: Sun Mar 01, 2009 1:49 pm
Location: Highlands, Scotland

Re: how much tax you realy pay

Postby the trojan » Tue Feb 02, 2010 9:46 pm

well done.

i had a wee thought about the vat as well
if i spend a pound in a shop i am charged vat.
now that wee pound is given to someone as change and when they next spend it ,vat is taken,and when that wee pound goes back into circulation and spent vat is taken again and again and again and again a.........

its a clever clever clever system.
if i have got this wrong will someone please explain it to me.
the trojan
 
Posts: 168
Joined: Sat Aug 29, 2009 12:57 am

Re: how much tax you realy pay

Postby huntingross » Tue Feb 02, 2010 9:58 pm

It's a scary number of ways they extort money from us, including my favourite.......VAT on Fuel Tax....that has to be a winner.

viewtopic.php?f=77&t=1590&hilit=+taxes#p14676
Success nourishes hope
User avatar
huntingross
Moderator
Moderator
 
Posts: 4324
Joined: Mon Mar 09, 2009 11:29 pm
Location: FIDACH, Near Edinburgh

Re: how much tax you realy pay

Postby Jim » Tue Feb 02, 2010 10:00 pm

Kind of makes GETTING A JOB seem a little bit... well, stupid

Quit your job

Slack off

:peace:
All rights reserved, all wrongs reversed.
User avatar
Jim
Moderator
Moderator
 
Posts: 499
Joined: Mon Aug 24, 2009 6:03 pm
Location: Sitting on the sofa in my living room

Re: how much tax you realy pay

Postby holy vehm » Tue Feb 02, 2010 10:30 pm

hi scotfree, i included all those in the vat except cigs. Thats a good one that, thats a differant tax and i smoke so its more than 63% now.

The trojan, no mate you pretty much spot on there. With the money you give them they buy stock which is vat chargeable although a business can claim it back i think, but yes it is a perpetual cycle.

huntingross, i didnt know they charged vat on top of the fuel tax. so we pay 17.5% plus the fuel tax. does anyone know just what the total tax per £1 of fuel is?

jim, i think people are better off if you can claim benifits and do a little cash in hand job.

it realy is slavery isnt it. we practically work 40 hrs a week for nothing.

hv

:peace:
"A ruler who violates the law is illegitimate. He has no right to be obeyed. His commands are mere force and coercion. Rulers who act lawlessly, whose laws are unlawful, are mere criminals".
User avatar
holy vehm
Moderator
Moderator
 
Posts: 3077
Joined: Fri Oct 02, 2009 7:17 pm
Location: http://www.fmotl.com/forum/viewtopic.php?f=45&t=9142

Re: how much tax you realy pay

Postby huntingross » Tue Feb 02, 2010 10:43 pm

viewtopic.php?f=77&t=1755&hilit=+fuel#p16203

And we are currently sitting at about £1.15 per litre at the moment
Success nourishes hope
User avatar
huntingross
Moderator
Moderator
 
Posts: 4324
Joined: Mon Mar 09, 2009 11:29 pm
Location: FIDACH, Near Edinburgh

Re: how much tax you realy pay

Postby 5/11 was an inside job » Tue Feb 02, 2010 10:46 pm

Hi all, I've just found this handy fuel tax calculator..

http://www.abd.org.uk/fuel_tax_calculator.htm
:peace:
Remember remember the fifth of November, the
gunpowder, treason and plot...
User avatar
5/11 was an inside job
 
Posts: 68
Joined: Thu Jul 23, 2009 7:40 pm
Location: Norfolk England

Re: how much tax you realy pay

Postby MikeThomas » Wed Feb 03, 2010 12:36 pm

Correct me if I'm wrong, but petrol, ciggies & alcohol are taxed at about 85%. I got some figures for this a few months ago (can't find them!) and they stated that for every pound you earned you actually spent only 22 pence. The rest is tax and the illegal 'tax on a tax'. I.E. V.A.T. being charged on the 'Duty Tax'. :grr:
We are the people our parents told us NOT TO PLAY WITH
User avatar
MikeThomas
Moderator
Moderator
 
Posts: 1628
Joined: Sat Apr 11, 2009 1:17 pm
Location: Llanharan, South Wales

Re: how much tax you realy pay

Postby holy vehm » Wed Feb 03, 2010 12:55 pm

hi mike, so your saying that we are taxed upto 78% with us getting 22%. so i work for 22p in the pound and i have to live on that?
it just keps getting higher does'nt it

many thanks
"A ruler who violates the law is illegitimate. He has no right to be obeyed. His commands are mere force and coercion. Rulers who act lawlessly, whose laws are unlawful, are mere criminals".
User avatar
holy vehm
Moderator
Moderator
 
Posts: 3077
Joined: Fri Oct 02, 2009 7:17 pm
Location: http://www.fmotl.com/forum/viewtopic.php?f=45&t=9142

Next

Return to Taxes

Who is online

Users browsing this forum: No registered users and 1 guest