Stop panicking

[Nick]

Nope, just arguing with Barry on earnings. Can you imagine a forum when the responder is liable for every word that someone else wrote? We are on that forum it seems.

Man the strawman are stacked up high here.

If you say so 😂 

[Sheepy]

Where I live it looks like it already is in recession.

https://www.msn.com/en-gb/money/other/pound-falls-again-as-agency-downgrades-outlook-for-uk-s-credit-rating-to-negative/ar-AA12EJMv?ocid=msedgntp&cvid=af1d104b6ed14253ad0ab35bccd8ced5
They have no control over the economy, it is an illusion for the plebs.

[papasmurf]

Anyway as I was saying
https://www.msn.com/en-gb/money/other/britain-will-be-in-recession-by-end-of-the-year/ar-AA12DJKu?ocid=msedgntp&cvid=0284c130fe2e42d5b52e834b8c93c167

Where I live it looks like it already is in recession.

[B0ycey]

Not interested in tax? You're talking bollox, you were arguing directly with Barry's point about 45% tax. Just admit you don't know what you're talking about.



Anymore wriggling?

Nope, just arguing with Barry on earnings. Can you imagine a forum when the responder is liable for every word that someone else wrote? We are on that forum it seems.

Man the strawman are stacked up high here.

[Sheepy]

Anyway as I was saying
https://www.msn.com/en-gb/money/other/britain-will-be-in-recession-by-end-of-the-year/ar-AA12DJKu?ocid=msedgntp&cvid=0284c130fe2e42d5b52e834b8c93c167

[Nick]

Earnings not tax. I am not interested what is getting taxed, what rate or what percentage because that isn't my argument.

Not interested in tax? You're talking bollox, you were arguing directly with Barry's point about 45% tax. Just admit you don't know what you're talking about. 



Anymore wriggling? 

[B0ycey]

It's called income.
What has the 45% tax on £150K go to do with 'Earnings' if only their MP's salary (£85K) is taxable? Its like pulling teeth getting you to understand anything.

Nick, why are you being so obtuse? I haven't mentioned tax. Barry said MPs don't earn anywhere near £150,000 and I said they earn way more. Earnings not tax. I am not interested what is getting taxed, what rate or what percentage because that isn't my argument. What you are doing here is called a strawman.

[Nick]

Again, earnings. Not salary. Not tax. Earnings. When everything is totted up, from Salary, expenses, 2nd jobs, backhanders they earn more than £150,000.

As for the rest, think what you like.

It's called income. 
What has the 45% tax on £150K go to do with 'Earnings' if only their MP's salary (£85K) is taxable? Its like pulling teeth getting you to understand anything. 

[B0ycey]

Yes I do deny it. Salary is dealt with under PAYE, if their other INCOME is via a Ltd company they own it most likely will be dividends or drawings which isn't subject to PAYE.
I could have an income of £200K and pay no NI and no income tax, and the fact you don't know that tells me you don't have a clue about accountancy.

Again, earnings. Not salary. Not tax. Earnings. When everything is totted up, from Salary, expenses, 2nd jobs, backhanders they earn more than £150,000. 

As for the rest, think what you like.

[Nick]

Payroll is everything not just earnings. Although I call it month end. .

As for whether earning get taxed or not is irrelevant. I was speaking of earnings. An MP, when you total everything up has more than what their MP salary is. Do you deny that.

Yes I do deny it. Salary is dealt with under PAYE, if their other INCOME is via a Ltd company they own it most likely will be dividends or drawings which isn't subject to PAYE.
I could have an income of £200K and pay no NI and no income tax (45% tax isn't relevant), and the fact you don't know that tells me you don't have a clue about accountancy.

[B0ycey]

Earnings? Accountants call it payroll, and what part of payroll do accountants handle that isn't based on tax? I'd love to know.

Payroll is everything not just earnings. Although I call it month end. .

As for whether earnings get taxed or not is irrelevant. I was speaking of earnings. An MP, when you total everything up has more than what their MP salary is. Do you deny that.

[Nick]

I spoke of earning not tax Nick. You are confusing your argument here and helping me out. Thanks I guess.

Earnings? Accountants call it payroll, and what part of payroll do accountants handle that isn't based on tax? I'd love to know. 

[B0ycey]

So MP's salary (150K) has nothing to do with earnings?
1 sugar please.

I spoke of earning not tax Nick. You are confusing your argument here and helping me out. Thanks I guess.

[Nick]

I didn't speak of tax, just earnings. But I make tea remember. You don't believe I work in accounts and I am not interested in convincing you otherwise.

So MP's salary (150K) has nothing to do with earnings? 
1 sugar please. 

[B0ycey]

Accountant?
If you were involved in any form of accounting you would know you don't pay tax on claimed expenses and back handsets don't exist.

I didn't speak of tax, just earnings. But I make tea remember. You don't believe I work in accounts and I am not interested in convincing you otherwise.