Buce Posted 28 June 2018 Posted 28 June 2018 1 minute ago, turtmcfly said: Jesus... You said 'Rich people don't pay tax'. Not 'rich people don't pay the absolute maximum they could pay'. Ok, so I exaggerated, but I was responding to SAF who claimed he will be paying 45k in tax.
Buce Posted 28 June 2018 Posted 28 June 2018 (edited) 3 minutes ago, mazarron fox said: If it’s legal it’s not tax avoidance. If you avoid tax then it’s not legal. These days the tax offices across Europe talk to each other and everyone pays their dues. The days of dodgy offshore etc are well and truly over. Football clubs among other high earning businesses are under scrutiny more than anyone because of the huge sums the HRMC want to get their hands on. I hate to be pedantic (actually, I don't, I'm lying) but you are describing tax evasion - tax avoidance is perfectly legal. https://www.thebalancesmb.com/tax-avoidance-vs-evasion-397671 Edited 28 June 2018 by Buce 1 1
turtmcfly Posted 28 June 2018 Posted 28 June 2018 1 minute ago, Buce said: Ok, so I exaggerated, but I was responding to SAF who claimed he will be paying 45k in tax. Just a little! And by exaggerating you will have ended up being 'more wrong' than SAF
Babylon Posted 28 June 2018 Posted 28 June 2018 2 minutes ago, Steven said: He is on PAYE they all are and the base salary of 100k per week according to HMRC is as follows: Your estimated take-home pay for 2018 to 2019 is £53,207.23 a week Players have clubs pay a proportion of their wages into image rights companies. So instantly they pay corporation tax rates rather than highest tax band rates. That's just one little fiddle they have going on.
Buce Posted 28 June 2018 Posted 28 June 2018 1 minute ago, turtmcfly said: Just a little! And by exaggerating you will have ended up being 'more wrong' than SAF Well, I can't argue with the logic of that since even if he pays a penny in tax I would have been 100% wrong (and as a notorious pedant, I admire your pedantry); However, the principle of what I said remains and I stand by it.
HoustonFox Posted 28 June 2018 Posted 28 June 2018 8 minutes ago, turtmcfly said: Just a little! And by exaggerating you will have ended up being 'more wrong' than SAF 3 minutes ago, Buce said: Well, I can't argue with the logic of that since even if he pays a penny in tax I would have been 100% wrong (and as a notorious pedant, I admire your pedantry); However, the principle of what I said remains and I stand by it.
turtmcfly Posted 28 June 2018 Posted 28 June 2018 1 minute ago, Buce said: Well, I can't argue with the logic of that since even if he pays a penny in tax I would have been 100% wrong (and as a notorious pedant, I admire your pedantry); However, the principle of what I said remains and I stand by it. My point was less pedantic than you thought... What I'm saying is that I'm sure the effective tax rate he ends up paying will be closer to SAF's 45% than your (exaggerated) 0%. I don't believe even the cleverest accountant will be able find 'offsets' for nearly half of Mahrez week wage. I'd guess somewhere in the range 35-40% (and to be super, self-annoyingly pedantic, no-one pays 45% tax since it only kicks in after £150,000 p/a)
AlloverthefloorYesNdidi Posted 28 June 2018 Posted 28 June 2018 2 minutes ago, HoustonFox said: I think the Jacko gif is a bit premature on this one Houston. Should preserve him for when the handbags are well and truly out This tiff hasnt got past the pedantry section of the speedometer which I reckon is in the area of about 60 degrees max Jacko eating pop-corn has got to be for when things go over the 90 degree mark 1
AlloverthefloorYesNdidi Posted 28 June 2018 Posted 28 June 2018 (edited) Sorry @HoustonFox , I may have interjected wrongly there. You may have pre-emptively nailed it. Things continuing to heat up.... Edited 28 June 2018 by AlloverthefloorYesNdidi 1
HoustonFox Posted 28 June 2018 Posted 28 June 2018 Just now, AlloverthefloorYesNdidi said: I think the Jacko gif is a bit premature on this one Houston. Should preserve him for when the handbags are well and truly out This tiff hasnt got past the pedantry section of the speedometer which I reckon is in the area of about 60 degrees max Jacko eating pop-corn has got to be for when things go over the 90 degree mark I actually thought it was an interesting conversation! #TaxChat 1
turtmcfly Posted 28 June 2018 Posted 28 June 2018 1 minute ago, Babylon said: Players have clubs pay a proportion of their wages into image rights companies. So instantly they pay corporation tax rates rather than highest tax band rates. That's just one little fiddle they have going on. Something wrong there. The money still has to go from the company to the person, at which point it's liable to personal income tax. Are these companies wholly owned by the players?
turtmcfly Posted 28 June 2018 Posted 28 June 2018 1 minute ago, HoustonFox said: I actually thought it was an interesting conversation! #TaxChat It's that or dog bumming. They're all I have in my locker mate. 2
AlloverthefloorYesNdidi Posted 28 June 2018 Posted 28 June 2018 1 minute ago, HoustonFox said: I actually thought it was an interesting conversation! #TaxChat Ah, so Jacko can be for when conversations are interesting too eh? I have been thinking its for when spats are getting entertainingly out of hand. I'm sounding like a bloody newb here
Sol thewall Bamba Posted 28 June 2018 Posted 28 June 2018 15 hours ago, the fox said: What is 100K That's easy to say when it's not your club I guess. 1
Buce Posted 28 June 2018 Posted 28 June 2018 3 minutes ago, turtmcfly said: My point was less pedantic than you thought... What I'm saying is that I'm sure the effective tax rate he ends up paying will be closer to SAF's 45% than your (exaggerated) 0%. I don't believe even the cleverest accountant will be able find 'offsets' for nearly half of Mahrez week wage. I'd guess somewhere in the range 35-40% (and to be super, self-annoyingly pedantic, no-one pays 45% tax since it only kicks in after £150,000 p/a) 1 I'll happily take your word for that but I never said that was the rate - it was SAF.
turtmcfly Posted 28 June 2018 Posted 28 June 2018 1 minute ago, Buce said: I'll happily take your word for that but I never said that was the rate - it was SAF. An utter lack of pedantry in that response #disappointed #unlikeeveryother****eronhere 1
HoustonFox Posted 28 June 2018 Posted 28 June 2018 1 minute ago, AlloverthefloorYesNdidi said: Ah, so Jacko can be for when conversations are interesting too eh? I have been thinking its for when spats are getting entertainingly out of hand. I'm sounding like a bloody newb here I knew I should have gone with this one... 1
Buce Posted 28 June 2018 Posted 28 June 2018 Just now, turtmcfly said: An utter lack of pedantry in that response #disappointed #unlikeeveryother****eronhere I guess deep down I'm just a nice guy who hates confrontation...
HoustonFox Posted 28 June 2018 Posted 28 June 2018 4 minutes ago, turtmcfly said: It's that or dog bumming. They're all I have in my locker mate. You also have an excellent avatar with Arseface. Love Preacher, one of my favourite comic runs of all time.
Popular Post AjcW Posted 28 June 2018 Popular Post Posted 28 June 2018 ****ing sick of 'Hot Threads' just turning out to be a bunch of idiots arguing amongst themselves about the amount footballers are paid JESUS ****!!!!! 3 4
AlloverthefloorYesNdidi Posted 28 June 2018 Posted 28 June 2018 1 minute ago, HoustonFox said: I knew I should have gone with this one... Ah man, she is perfect for things just starting to hot up. The itchy anticipation, the desperate will to see something with just a bit of promise develop into full blown FT argument porn. We should have a graph so we can scale this stuff really 1
turtmcfly Posted 28 June 2018 Posted 28 June 2018 (edited) 2 minutes ago, HoustonFox said: You also have an excellent avatar with Arseface. Love Preacher, one of my favourite comic runs of all time. It is indeed. TV Series is pretty good, but not as good as comic. I understand this comment makes me look like an utter bell, and I don't care. Also works as a subtle dig at @Buce I imagine he is preposterously ugly. Edited 28 June 2018 by turtmcfly
Buce Posted 28 June 2018 Posted 28 June 2018 1 minute ago, turtmcfly said: It is indeed. TV Series is pretty good, but not as good as comic. I understand this comment makes me look like an utter bell, and I don't care. Also works as a subtle dig at @Buce I imagine he is preposterously ugly. Something derogatory about yer mam. 1
dmayne7 Posted 28 June 2018 Posted 28 June 2018 15 minutes ago, AjcW said: ****ing sick of 'Hot Threads' just turning out to be a bunch of idiots arguing amongst themselves about the amount footballers are paid JESUS ****!!!!! I reckon he's earning less at Man City than Mahrez is here. Oh. You weren't talking about Gabriel Jesus. 1 1
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