Tax: Do you give more than you get?
19 December 2011, 07:34 PM
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Tax: Do you give more than you get?
19 December 2011, 07:54 PM
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It underestimated our tax burden by a factor of three - so I am not sure how they are calculating it.
19 December 2011, 08:09 PM
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Ohhh, we're in the 10th
19 December 2011, 08:09 PM
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That calculator doesn't include the extortionate amount of tax I pay having a 243g/km company, it also doesn't include the amount of stealth taxes we pay too
19 December 2011, 09:34 PM
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12k loss for me
19 December 2011, 09:40 PM
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£27k down here. Worth every penny though.
19 December 2011, 09:49 PM
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In the 8th here, just until her indoors goes back to work full time as the kids grow up
19 December 2011, 10:06 PM
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Quote:
Originally Posted by
Trout
It underestimated our tax burden by a factor of three
You want to get yourself a new accountant mate.
19 December 2011, 10:14 PM
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Errrr, it doesn't do anything with the salary you enter, it just puts you in one of its 'deciles' - dreadful journalism (and I'm grumpy cos I already know I pay way more in tax than I'll ever get out!).
19 December 2011, 10:40 PM
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Quote:
Originally Posted by
cster
You want to get yourself a new accountant mate.
I did it again - I had clearly misread what it was doing - I didn't realise some of the numbers were indicative - not your calculated number
When I did it properly it overestimated our tax by around 15%
19 December 2011, 10:41 PM
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Quote:
Originally Posted by
Gordo
Errrr, it doesn't do anything with the salary you enter, it just puts you in one of its 'deciles' - dreadful journalism (and I'm grumpy cos I already know I pay way more in tax than I'll ever get out!).
I made the same mistake - you need to click on the bit where it tells you how it is calculated.
19 December 2011, 11:12 PM
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The amount of tax the government take of us is sickening! wish I hadn't calculated it now
19 December 2011, 11:18 PM
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£27K loss for me as well. Sigh.
19 December 2011, 11:57 PM
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Strange......my loss is minus £27K as well ...... I wonder if the calculator is a tad broken
Shaun
20 December 2011, 12:20 AM
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The loss is the average of the tenth decile.
20 December 2011, 12:29 AM
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I think I'm being really stupid here, but this just seems way to general.
It doesn't actually ask any personal questions, so how can it work out what apparent benefits one person gets compared to another?
20 December 2011, 09:49 AM
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Quote:
Originally Posted by
Trout
The loss is the average of the tenth decile.
Oh that makes it worse!
20 December 2011, 10:01 AM
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-45K for my household, but this is pretty meaningless propaganda.
20 December 2011, 10:25 AM
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Doesn't really tell you anything. Apart from the fact I pay more tax than I get back.
20 December 2011, 10:53 AM
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I actually got a cheque from the taxman this year
not much though
Tony
20 December 2011, 12:39 PM
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I have never tried to work it out, but since everything you do and no matter which way you turn, there is tax involved somewhere so I expect most of us are well and truly on the back foot.
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19 December 2011, 07:34 PM
Tax: Do you give more than you get?
not much though 
