tag:blogger.com,1999:blog-8861279106331108648.post851482695416793680..comments2023-09-24T01:25:13.638-07:00Comments on Witterings from Witney: 'Government' rules - OK?WitteringsfromWitneyhttp://www.blogger.com/profile/16026875251366365154noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8861279106331108648.post-81841343247831158272011-08-13T06:02:50.517-07:002011-08-13T06:02:50.517-07:00Saot: Agree on the wage slip example, saved for la...Saot: Agree on the wage slip example, saved for later.......<br /><br />On the amalgamation of tax and NI - odd you should mention that so watch this space as they say..........WitteringsfromWitneyhttps://www.blogger.com/profile/16026875251366365154noreply@blogger.comtag:blogger.com,1999:blog-8861279106331108648.post-7719504152984288942011-08-12T20:48:38.126-07:002011-08-12T20:48:38.126-07:00The wage-slip example is a particularly nasty one ...The wage-slip example is a particularly nasty one because some of the tax people pay is of course hidden. Employers national insurance contribution is deliberately vastly complex, but say the figure is circa 11%. <br /><br />So someone who thinks they earn £30,000 is actually causing the employer to pay £33,300 in total.<br /><br />So if you assume that about one third of the notional £30K is taken in tax and the person takes home £20K a year he may assume he is paying £10K in tax, but in fact of course he is paying £13,300 because the employer has to pay this to employ him. <br /><br />Really nasty and whilst I don't agree with income tax at all, anyone supporting it really ought to merge tax and all the NI into one simple table for the pruposes of honesty and clarity.<br /><br />the fact they don't is revealing.Anonymousnoreply@blogger.com