I mean – with the cost of housing, living, eating and doing anything it’s not a surprise. Add children into the mix, measly paternity leave, need for nursery, one income household and it’s very easily a stretch. You then get woeful treatment from taxman at this stage and benefits stripped away.
Ok so what’s this about me?
[deleted]
Aye, it’s the bankers on £100k who are really hard up.
Perhaps they’ve never struggled in their life, thus they don’t understand the actual meaning of the word.
If you’ve got a student loan, your take home on £100K is around £60K. Or £5K a month.
At £100K you’re no longer eligible for the government’s “free childcare if you’re working”. So nursery for two kids is £4K a month.
Then that gives you £1K left over for everything else. It’s madness.
Ah my favourite kind of article – one that acts as click bait for both sides and gets them both angry.
The under £100ks angry that they’re complaining and the over £100ks angry that they aren’t being taken seriously.
Either way, I think most people will agree that £100k should go A LOT further than it currently does. It’s undeniable that both explicit and stealth taxes, as well as the cost of living and houses, have gone too far, and I’d even say that it’s broken the social contract in the UK.
[deleted]
No idea what Henry even means but presumably it’s people who describe themselves as very intelligent and high earners, looking down on us plebs
Also fuck them
I earn what I earn but would never describe myself in a bracket like that, the hard reality is you’re not entitled to anything regardless of how much you think you should be
Cry me a river
My comment elsewhere in this thread, but this is honestly a key issue in our economy and tbh, it highlights how wonky it is for us all of working age, not just the top 1% of the PAYE bracket (eg, not CEOs etc).
If you earn 100k you don’t get childcare like the rest of society, so suddenly you’re materially worse off than someone in a council house on the full rate of pip, bennies, child benefit and universal credit.
Your 5k a month is no longer free trips to vegas, it’s literally all going on the children, but someone on 20k is getting a free ride off the taxpayer, so why even bother earning more than 99k?
I’m on a average salary, and my fustration is that the tax code is making everyone poorer, because the government cannot find a way to balance the welfare state with the earning plurality.
As it stands the country is heading to complete insolvency as it: cannot service the liabilities, has NO growth (it’s actually steadily declined over 20 years) but a almost escape velocity increase in welfare state demand.
So we’re poorer than 2008, with higher welfare demands and an expectation that *someone* is gonna pay for it, and people on 100k PAYE, which is ONLY 5k after tax, are basically being used as the piggies as they’re the only ones left who can be squeezed without a literal riot.
If you don’t see a problem with the government continually hoovering up more and more tax money in an economy that’s steadily getting poorer in real terms, then I have a bridge to sell to you.
You cannot tax people out of working, as they’ll literally just stop and decide to claim welfare, and the economy will just grind to a halt, taxation on the economic fluid has consequences, VAT is bad enough, an extra 1/5 of your payment going to the taxman ought be enough to cause riots, and it was unthinkable when VAT was first created, but it’s very steadily been raised to fill in the bigger and bigger black hole in the state finances as it vainly tries to keep up appearances of a functioning economy.
As it stands, we pay VAT, Fuel Duty, Income Tax, Pre Income Tax (Employers tax on paying you to work) National Insurance, which is a tax to pay for benefits and pensioners, Council Tax, Capital Gains Tax (and other financial products, paid on realisation of financial speculation), Stamp Duty, Climate Change Levy on Energy, Air Travel Tax, and the list goes on.
I mean christ alive, companies pay business rates, which is a literal tax on the ability to do business on the floor you stand on.
And yet you still seal clap for the goverment to come up with new and improved ways to hoover up more and more of your labour to pay for “essential services”, like failing to repair the roads or take the bins out.
People are complaining that 100k gets them nowhere, not because they’re spoilt yuppies glugging champange, but because it literally gets taken by the government as it vainly tries to find the last centimeters of money it can squeeze out of someone, anyone. To pay for the monsterous welfare state and mountain of debt it’s gotten itself into through 70 years of new era economic policies prioritising a schizophrenic attittude of cutting and slashing the only meaningful economic productivity while raising and borrowing at every turn to pay for benefits and pensioners, utterly disproportionately to the economic activity they generate, leading to a bottom heavy, ponderous and creaking wage distribution, housing bubble and mass immigration of what are essentially wage slaves to hide the cracks, that in all probability is at most 20 years from civil unrest or 10 years from seriously real poverty and mass homelessness.
*the tax system penalises you for being productive and absolutely prioritises gross economic inactivity* that is the issue, and the 100k yuppies whining is just a particularly precise insight into it.
Sorry but I’m never gonna care about this fake struggle and really no one outside this group ever will.
Complaining that you are “only” in the top 1% of the country and it’s really unfair all the time makes these people come across like babies to me,
They can always take lesser paying jobs if it’s so hard but they won’t do that because they know they’re actually in a great position,
The issues they complain about are just worse for other people most people won’t ever make 100,000 a year how likely is it for them to afford a house? How affordable is a family for people on average wage?
Lol 100k is not Henry in London.
The rip off culture in London and the UK affects everyone, those on minimum wage and those on £100k. It needs to be tackled although of course it won’t.
The solution is, of course, dead simple. Introduce a wealth tax, and a higher tax brackets for those making significant capital gains income, and decouple it from your income tax.
Currently, your capital gains tax maxes out at a pithy 24% if you’re a top rate income tax payer, but this is based on your income tax. If you have no direct taxable income, but just cap gains, it’s a mere 18%. It’s a dumb system.
Good fucking morning to whoever is surprised. It’s been like that for quite some time.
I work a main job and a “gig” job. In total, I get over 100k but not over 125k.
17 comments
Sorry, they can fuck off.
I mean – with the cost of housing, living, eating and doing anything it’s not a surprise. Add children into the mix, measly paternity leave, need for nursery, one income household and it’s very easily a stretch. You then get woeful treatment from taxman at this stage and benefits stripped away.
Ok so what’s this about me?
[deleted]
Aye, it’s the bankers on £100k who are really hard up.
Perhaps they’ve never struggled in their life, thus they don’t understand the actual meaning of the word.
If you’ve got a student loan, your take home on £100K is around £60K. Or £5K a month.
At £100K you’re no longer eligible for the government’s “free childcare if you’re working”. So nursery for two kids is £4K a month.
Then that gives you £1K left over for everything else. It’s madness.
Ah my favourite kind of article – one that acts as click bait for both sides and gets them both angry.
The under £100ks angry that they’re complaining and the over £100ks angry that they aren’t being taken seriously.
Either way, I think most people will agree that £100k should go A LOT further than it currently does. It’s undeniable that both explicit and stealth taxes, as well as the cost of living and houses, have gone too far, and I’d even say that it’s broken the social contract in the UK.
[deleted]
No idea what Henry even means but presumably it’s people who describe themselves as very intelligent and high earners, looking down on us plebs
Also fuck them
I earn what I earn but would never describe myself in a bracket like that, the hard reality is you’re not entitled to anything regardless of how much you think you should be
Cry me a river
My comment elsewhere in this thread, but this is honestly a key issue in our economy and tbh, it highlights how wonky it is for us all of working age, not just the top 1% of the PAYE bracket (eg, not CEOs etc).
If you earn 100k you don’t get childcare like the rest of society, so suddenly you’re materially worse off than someone in a council house on the full rate of pip, bennies, child benefit and universal credit.
Your 5k a month is no longer free trips to vegas, it’s literally all going on the children, but someone on 20k is getting a free ride off the taxpayer, so why even bother earning more than 99k?
I’m on a average salary, and my fustration is that the tax code is making everyone poorer, because the government cannot find a way to balance the welfare state with the earning plurality.
As it stands the country is heading to complete insolvency as it: cannot service the liabilities, has NO growth (it’s actually steadily declined over 20 years) but a almost escape velocity increase in welfare state demand.
So we’re poorer than 2008, with higher welfare demands and an expectation that *someone* is gonna pay for it, and people on 100k PAYE, which is ONLY 5k after tax, are basically being used as the piggies as they’re the only ones left who can be squeezed without a literal riot.
If you don’t see a problem with the government continually hoovering up more and more tax money in an economy that’s steadily getting poorer in real terms, then I have a bridge to sell to you.
You cannot tax people out of working, as they’ll literally just stop and decide to claim welfare, and the economy will just grind to a halt, taxation on the economic fluid has consequences, VAT is bad enough, an extra 1/5 of your payment going to the taxman ought be enough to cause riots, and it was unthinkable when VAT was first created, but it’s very steadily been raised to fill in the bigger and bigger black hole in the state finances as it vainly tries to keep up appearances of a functioning economy.
As it stands, we pay VAT, Fuel Duty, Income Tax, Pre Income Tax (Employers tax on paying you to work) National Insurance, which is a tax to pay for benefits and pensioners, Council Tax, Capital Gains Tax (and other financial products, paid on realisation of financial speculation), Stamp Duty, Climate Change Levy on Energy, Air Travel Tax, and the list goes on.
I mean christ alive, companies pay business rates, which is a literal tax on the ability to do business on the floor you stand on.
And yet you still seal clap for the goverment to come up with new and improved ways to hoover up more and more of your labour to pay for “essential services”, like failing to repair the roads or take the bins out.
People are complaining that 100k gets them nowhere, not because they’re spoilt yuppies glugging champange, but because it literally gets taken by the government as it vainly tries to find the last centimeters of money it can squeeze out of someone, anyone. To pay for the monsterous welfare state and mountain of debt it’s gotten itself into through 70 years of new era economic policies prioritising a schizophrenic attittude of cutting and slashing the only meaningful economic productivity while raising and borrowing at every turn to pay for benefits and pensioners, utterly disproportionately to the economic activity they generate, leading to a bottom heavy, ponderous and creaking wage distribution, housing bubble and mass immigration of what are essentially wage slaves to hide the cracks, that in all probability is at most 20 years from civil unrest or 10 years from seriously real poverty and mass homelessness.
*the tax system penalises you for being productive and absolutely prioritises gross economic inactivity* that is the issue, and the 100k yuppies whining is just a particularly precise insight into it.
Sorry but I’m never gonna care about this fake struggle and really no one outside this group ever will.
Complaining that you are “only” in the top 1% of the country and it’s really unfair all the time makes these people come across like babies to me,
They can always take lesser paying jobs if it’s so hard but they won’t do that because they know they’re actually in a great position,
The issues they complain about are just worse for other people most people won’t ever make 100,000 a year how likely is it for them to afford a house? How affordable is a family for people on average wage?
Lol 100k is not Henry in London.
The rip off culture in London and the UK affects everyone, those on minimum wage and those on £100k. It needs to be tackled although of course it won’t.
The solution is, of course, dead simple. Introduce a wealth tax, and a higher tax brackets for those making significant capital gains income, and decouple it from your income tax.
Currently, your capital gains tax maxes out at a pithy 24% if you’re a top rate income tax payer, but this is based on your income tax. If you have no direct taxable income, but just cap gains, it’s a mere 18%. It’s a dumb system.
Good fucking morning to whoever is surprised. It’s been like that for quite some time.
I work a main job and a “gig” job. In total, I get over 100k but not over 125k.
I am the sole earner in the house with two kids.
Please tell me how great my life is, again.
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