Earn £1, keep 43p: Why young graduates will be the most taxed in history

Earn £1, keep 43p: Why young graduates will be the most taxed in history



Posted by Desperate-Drawer-572

10 comments

  1. lol nowhere near. There was a tax rate in the 70’s of 98% for the very top bankers and the like

  2. Earn £1. Pay 57p to the Tax man. Pay 33p to the landlord. Live off the remaining 10p.

    What a time to be alive.

  3. > Childcare support is meagre even where it is available, and if you dare to progress to a household income of more than £100,000 a year, it evaporates entirely.

    False. It is an *individual* income of £100,000 a year that precludes the loss of childcare support. Two people earning £99,999 each in the same house qualify for funded childcare as much as anyone earning the minimum amount.

  4. Kind of fun the article highlights how long this has been going on, “young” in this context could mean up to 45, but hey now it’s Labours budget what is the problem not a decade and a half of us being constantly fed shit and made to feel like we’re ungrateful and out of touch if we dare say it tastes bad. I’m in my mid 30s and it’s a genuine struggle to think of even a single thing this country has done that is targeted at benefiting me, just year on year decline and you have to take it with a smile.

  5. I do wonder why we decided as a country that students should pay a higher tax rate for the rest of their adult lives just because they dared to get a better education

  6. It’s a good system, tax students to an inch of their lives so no one in the future will want to go to university. Then things like doctors strikes will be a thing of the past because we just won’t have any.. win win

  7. And they wonder why no fucker will ever go for conscription? They can fuck off.

  8. And the labour government thinks you should be paying that at less than the minimum wage.

  9. Not my child. He’s going into the military so he knows how to use a weapon and is well prepared for the inevitable revolution. 

    Somebody needs to pull the trigger!

  10. No.

    Earn £1, keep £1.

    Earn over £50k, then from the *next* pound you earn you get to keep 43p of it.

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