Andy Burnham £1,301 charge on table for people living in homes worth £271k.

[Dorset Boy]

Can stop saying it like that? This is manifestly not true. You pay half of the fraction you earn over the threshold.

ETA and it isn't half it is 40% of the fraction above £50,270.

It's actually 42%: 40% income tax, 2% NI.

 

[C R]

It's actually 42%: 40% income tax, 2% NI.

Still nowhere near 50% of the total salary.

 

[Electric_Andy]

Still nowhere near 50% of the total salary.

ok I stand corrected, I should have said 42% of taxable earnings. The services that this is supposed to pay for, still do not deliver anywhere near the mark

 

[C R]

ok I stand corrected, I should have said 42% of taxable earnings. The services that this is supposed to pay for, still do not deliver anywhere near the mark

42% of the fraction of taxable earnings above the threshold, not 42% of taxable earnings.

 

[UglyWithaSidePart]

42% of the fraction of taxable earnings above the threshold, not 42% of taxable earnings.

I seem to remember Boris johnson saying something that showed he didn't understand it was only over the threshold.

 

[C R]

I seem to remember Boris johnson saying something that showed he didn't understand it was only over the threshold.

It suits the small government shills to sow the confusion. Unfinished, they seem to have been very successful.

 

[tarric]

ok I stand corrected, I should have said 42% of taxable earnings. The services that this is supposed to pay for, still do not deliver anywhere near the mark

42% of the fraction of taxable earnings above the threshold, not 42% of taxable earnings.

Someone has to pay for all those loopholes.